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

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

Restaurant Brands International Stock Up 0.7 %

Shares of TSE:QSR opened at C$89.05 on Friday. The company’s fifty day moving average is C$94.16 and its two-hundred day moving average is C$95.58. The company has a debt-to-equity ratio of 322.48, a quick ratio of 0.80 and a current ratio of 0.78. Restaurant Brands International has a 1-year low of C$86.06 and a 1-year high of C$112.12. The stock has a market capitalization of C$28.82 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 2.22 and a beta of 0.95.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last released its quarterly earnings data 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). Restaurant Brands International had a return on equity of 37.74% and a net margin of 16.99%. The business had revenue of C$3.13 billion for the quarter, compared to analyst estimates of C$3.15 billion. Equities analysts anticipate that Restaurant Brands International will post 7.3241225 EPS for the current year.

Restaurant Brands International Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were given a dividend of $0.785 per share. The ex-dividend date was Friday, December 20th. This represents a $3.14 dividend on an annualized basis and a yield of 3.53%. Restaurant Brands International’s dividend payout ratio is currently 57.09%.

Insider Buying and Selling

In related news, Senior Officer Jill Granat sold 10,613 shares of Restaurant Brands International stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$99.98, for a total value of C$1,061,111.09. Also, Director Joseph Patrick Doyle sold 42,052 shares of the business’s stock in a transaction dated 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. Insiders sold a total of 66,735 shares of company stock worth $6,459,478 in the last three months. 1.24% of the stock is owned by 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.