Restaurant Brands International (TSE:QSR) Rating Lowered to Hold at Northcoast Research

Key Points

• Restaurant Brands International has been downgraded from a "strong-buy" to a "hold" rating by Northcoast Research, reflecting a more cautious outlook on the stock.
• Several analysts have recently adjusted their ratings, with a consensus rating of "Hold" from one strong buy and four hold ratings among research analysts.
• The company has a significant market capitalization of C$28.54 billion and reported a P/E ratio of 32.98, indicating a premium valuation in the fast-food sector.

Restaurant Brands International (TSE:QSR - Get Free Report) NYSE: QSR was downgraded by equities research analysts at Northcoast Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Scotiabank upgraded shares of Restaurant Brands International to a "hold" rating in a report on Wednesday, June 18th. Argus downgraded shares of Restaurant Brands International from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold".

Restaurant Brands International Stock Performance

Shares of QSR stock opened at C$87.08 on Friday. The firm has a 50-day moving average of C$90.76 and a 200-day moving average of C$92.34. The company has a market cap of C$28.54 billion, a P/E ratio of 32.98, a P/E/G ratio of 2.22 and a beta of 0.42. The company has a debt-to-equity ratio of 494.65, a current ratio of 1.02 and a quick ratio of 0.80. Restaurant Brands International has a one year low of C$83.32 and a one year high of C$102.37.

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.

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