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

Restaurant Brands International (TSE:QSR) (NYSE:QSR) was downgraded by Argus from a “strong-buy” rating to a “hold” rating in a note issued to investors on Friday, Zacks reports.

Separately, Seaport Research Partners raised shares of Restaurant Brands International to a “strong-buy” rating in a research note on Tuesday, September 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$84.00.

Restaurant Brands International Price Performance

TSE QSR opened at C$101.37 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 406.52. The stock has a market capitalization of C$35.20 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 2.22 and a beta of 0.31. Restaurant Brands International has a 12-month low of C$89.08 and a 12-month high of C$113.10. The company has a 50 day moving average price of C$105.78 and a two-hundred day moving average price of C$104.95.

Insiders Place Their Bets

In related news, Director Vicente Tome sold 2,258 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 13,264 shares in the company, valued at approximately C$1,497,903.52. The trade was a 14.55% decrease in their position. 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.