Restaurant Brands International (TSE:QSR) Downgraded by Argus to “Hold”

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

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

Restaurant Brands International Price Performance

Shares of TSE:QSR opened at C$101.37 on Friday. The firm’s 50 day moving average is C$105.78 and its two-hundred day moving average is C$104.95. The firm has a market capitalization of C$35.20 billion, a P/E ratio of 27.32, a PEG ratio of 2.22 and a beta of 0.31. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 406.52. Restaurant Brands International has a 52 week low of C$89.08 and a 52 week high of C$113.10.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, October 2nd will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, September 18th. Restaurant Brands International’s payout ratio is 68.46%.

Insider Buying and Selling at Restaurant Brands International

In other news, Director Vicente Tome sold 2,258 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were 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 of the company’s stock, valued at approximately C$1,497,903.52. This represents a 14.55% decrease in their position. Corporate 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.