Restaurant Brands International (TSE:QSR) Rating Increased to Strong-Buy at Guggenheim

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

Restaurant Brands International Stock Up 0.7 %

Shares of Restaurant Brands International stock opened at C$89.05 on Friday. 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$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. The company has a current ratio of 0.78, a quick ratio of 0.80 and a debt-to-equity ratio of 322.48. The company has a fifty day moving average price of C$94.16 and a 200 day moving average price of C$95.58.

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

Restaurant Brands International Cuts Dividend

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

Insiders Place Their Bets

In related news, Senior Officer Jill Granat sold 10,613 shares of Restaurant Brands International stock in a transaction on 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 stock in a transaction 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. Insiders have sold 66,735 shares of company stock worth $6,459,478 in the last quarter. 1.24% of the stock is owned by corporate 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.