Restaurant Brands International (TSE:QSR) Downgraded by Morgan Stanley to Sell

Morgan Stanley lowered shares of Restaurant Brands International (TSE:QSR) (NYSE:QSR) to a sell rating in a research report sent to investors on Friday morning, TipRanks reports. The firm currently has C$60.00 target price on the stock.

QSR has been the topic of several other reports. Credit Suisse Group reaffirmed a buy rating and issued a C$72.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, November 16th. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and issued a C$76.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, October 26th. Evercore ISI raised Restaurant Brands International to a buy rating and set a C$75.00 price objective on the stock in a research report on Tuesday, December 7th. Loop Capital reaffirmed a hold rating and issued a C$60.00 price objective on shares of Restaurant Brands International in a research report on Thursday, December 23rd. Finally, Argus cut Restaurant Brands International to a hold rating in a research report on Wednesday, October 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International has a consensus rating of Hold and a consensus price target of C$75.35.

QSR stock opened at C$71.77 on Friday. Restaurant Brands International has a fifty-two week low of C$69.42 and a fifty-two week high of C$87.32. The business’s 50 day moving average price is C$73.95 and its two-hundred day moving average price is C$77.66. The company has a debt-to-equity ratio of 347.57, a quick ratio of 1.32 and a current ratio of 1.48. The company has a market capitalization of C$22.61 billion and a price-to-earnings ratio of 23.24.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its earnings results on Monday, October 25th. The company reported C$0.96 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.94 by C$0.02. The firm had revenue of C$1.88 billion for the quarter, compared to analysts’ expectations of C$1.89 billion. Sell-side analysts forecast that Restaurant Brands International will post 4.0399997 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 5th. Stockholders of record on Tuesday, December 21st were given a dividend of $0.674 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Monday, December 20th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.76%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 68.33%.

Restaurant Brands International Company Profile

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brands. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Analyst Recommendations for Restaurant Brands International (TSE:QSR)

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