Restaurant Brands International (TSE:QSR) Stock Rating Upgraded by Guggenheim

Restaurant Brands International (TSE:QSR) (NYSE:QSR) was upgraded by analysts at Guggenheim from a “hold” rating to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

Restaurant Brands International Stock Performance

TSE:QSR opened at C$89.05 on Friday. Restaurant Brands International has a 52-week low of C$86.06 and a 52-week high of C$112.12. The company has a debt-to-equity ratio of 322.48, a quick ratio of 0.80 and a current ratio of 0.78. The firm has a market capitalization of C$28.82 billion, a PE ratio of 16.19, a P/E/G ratio of 2.22 and a beta of 0.95. The stock has a 50-day simple moving average of C$94.16 and a two-hundred day simple moving average of C$95.58.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$1.27 earnings per share for the quarter, missing the consensus estimate of C$1.29 by C($0.02). The firm had revenue of C$3.13 billion for the quarter, compared to analysts’ expectations of C$3.15 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 37.74%. Analysts forecast that Restaurant Brands International will post 7.3241225 EPS for the current year.

Insider Activity

In other news, Director Joseph Patrick Doyle sold 42,052 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, November 21st. The shares were 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 company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$96.66, for a total transaction of C$192,345.44. Insiders have sold 66,735 shares of company stock worth $6,459,478 over the last ninety days. Corporate insiders own 1.24% of the company’s stock.

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.