Argus Downgrades Restaurant Brands International (TSE:QSR) to Hold

Restaurant Brands International (TSE:QSR) (NYSE:QSR) was downgraded by research analysts at Argus from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Separately, Guggenheim raised Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th.

Restaurant Brands International Stock Performance

TSE:QSR opened at C$91.45 on Thursday. The business’s 50-day moving average price is C$92.31 and its two-hundred day moving average price is C$94.89. Restaurant Brands International has a twelve month low of C$86.06 and a twelve month high of C$112.12. The stock has a market cap of C$20.76 billion, a P/E ratio of 18.34, a PEG ratio of 2.22 and a beta of 0.95. The company has a quick ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 494.65.

Insider Activity

In other news, Director Joseph Patrick Doyle sold 42,052 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$96.16, for a total transaction of C$4,043,728.73. Also, Director Vicente Tome sold 1,990 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$96.66, for a total value of C$192,345.44. In the last three months, insiders have sold 66,735 shares of company stock worth $6,459,478. 1.24% of the stock is currently owned by insiders.

About Restaurant Brands International

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.