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 researchers at Northcoast Research from a "strong-buy" rating to a "hold" rating in a research report issued on Friday,Zacks.com reports.

A number of other analysts also recently commented on QSR. Scotiabank upgraded shares of Restaurant Brands International to a "hold" rating in a research report on Wednesday, June 18th. Argus downgraded shares of Restaurant Brands International from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold".

Restaurant Brands International Stock Performance

TSE:QSR traded down C$1.00 during mid-day trading on Friday, hitting C$86.99. The stock had a trading volume of 226,464 shares, compared to its average volume of 891,906. The stock has a market capitalization of C$28.52 billion, a price-to-earnings ratio of 32.95, a P/E/G ratio of 2.22 and a beta of 0.42. The company has a 50 day simple moving average of C$90.47 and a 200-day simple moving average of C$92.23. Restaurant Brands International has a 52 week low of C$83.32 and a 52 week high of C$102.37. The company has a current ratio of 1.02, a quick ratio of 0.80 and a debt-to-equity ratio of 494.65.

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.