Restaurant Brands International (TSE:QSR) Upgraded by Seaport Research Partners to “Strong-Buy” Rating

Seaport Research Partners upgraded shares of Restaurant Brands International (TSE:QSR) (NYSE:QSR) to a strong-buy rating in a report issued on Tuesday,Zacks reports.

Restaurant Brands International Price Performance

Shares of TSE:QSR opened at C$104.85 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 406.52. The stock has a market cap of C$36.41 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 2.22 and a beta of 0.31. The stock’s fifty day simple moving average is C$106.42 and its two-hundred day simple moving average is C$104.86. Restaurant Brands International has a 1-year low of C$86.71 and a 1-year high of C$113.10.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $2.60 annualized dividend and a dividend yield of 2.5%. Restaurant Brands International’s dividend payout ratio is currently 68.46%.

Insider Buying and Selling

In other Restaurant Brands International news, Director Vicente Tome sold 2,258 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of C$112.93, for a total value of C$254,995.94. Following the transaction, the director owned 13,264 shares of the company’s stock, valued at approximately C$1,497,903.52. The trade was a 14.55% decrease in their ownership of the stock. Company insiders own 1.24% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc is one of the world’s largest quick service restaurant companies with nearly $49 billion in annual system-wide sales and over 33,000 restaurants in more than 120 countries and territories. RBI owns four of the world’s most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities.