Restaurant Brands International (TSE:QSR) Raised to “Hold” at Scotiabank

Restaurant Brands International (TSE:QSR) (NYSE:QSR) was upgraded by Scotiabank to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Argus raised Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th.

Restaurant Brands International Stock Down 0.6%

Restaurant Brands International stock opened at C$90.00 on Wednesday. The business has a fifty day moving average of C$93.05 and a two-hundred day moving average of C$93.03. The company has a quick ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 494.65. The firm has a market cap of C$20.43 billion, a P/E ratio of 18.05, a P/E/G ratio of 2.22 and a beta of 0.95. Restaurant Brands International has a twelve month low of C$83.32 and a twelve month high of C$102.78.

Insider Activity at Restaurant Brands International

In related news, Senior Officer Jacqueline Friesner sold 70,000 shares of the company’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of C$96.71, for a total value of C$6,769,728.00. Also, Director Vicente Tome sold 3,115 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of C$99.03, for a total value of C$308,474.71. Insiders have sold a total of 75,615 shares of company stock valued at $7,325,533 in the last ninety days. Company 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.