Restaurant Brands International (TSE:QSR) Upgraded at Argus

Argus upgraded shares of Restaurant Brands International (TSE:QSR) (NYSE:QSR) from a hold rating to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

Several other analysts have also issued reports on the company. Guggenheim raised Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. TD Cowen lowered Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 14th.

Restaurant Brands International Price Performance

Shares of TSE:QSR opened at C$96.27 on Wednesday. The company’s 50-day moving average is C$92.17 and its 200 day moving average is C$94.52. The company has a debt-to-equity ratio of 494.65, a quick ratio of 0.80 and a current ratio of 1.02. The company has a market capitalization of C$21.86 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 2.22 and a beta of 0.95. Restaurant Brands International has a fifty-two week low of C$86.06 and a fifty-two week high of C$108.94.

Restaurant Brands International Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, April 4th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 2.58%. Restaurant Brands International’s dividend payout ratio (DPR) is 62.98%.

Insiders Place Their Bets

In other Restaurant Brands International news, Senior Officer Iv Curtis Thomas Benjamin sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of C$97.78, for a total value of C$2,249,018.20. Also, Senior Officer Jill Granat sold 11,706 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of C$89.16, for a total value of C$1,043,712.81. Over the last 90 days, insiders sold 101,088 shares of company stock worth $9,524,563. 1.24% of the stock is owned by corporate insiders.

Restaurant Brands International Company Profile

Restaurant Brands International is one of the largest restaurant companies in the world, with more than $35 billion in 2021 systemwide sales across a footprint that spans more than 28,000 restaurants and 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Horton’s supply chain operations.