20:25:41 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Restaurant Brands International Inc
Symbol QSR
Shares Issued 306,106,638
Close 2022-09-30 C$ 73.48
Market Cap C$ 22,492,715,760
Recent Sedar Documents

Globe says Restaurant Brands a "top idea" at RBC

2022-10-03 08:20 ET - In the News

The Globe and Mail reports in its Saturday, Oct. 1, edition that RBC Dominion Securities analyst Christopher Carril has reaffirmed Restaurant Brands International as his "top idea across the highly franchised restaurant group." The Globe's David Leeder writes in the Eye On Equities column that Mr. Carril says in a note: "Outperform-rated Restaurant Brands remains among the most discussed stocks in our recent investor conversations and marketing. And while much of the focus around Burger King's new strategy is on its more visible elements (e.g. advertising, remodels, technology), our belief is that an underappreciated aspect of the new strategy is its potential to improve the overall health of the Burger King system with greater franchisee and company alignment. ... In the near-term, menu changes (e.g. BK Royal Crispy Chicken, launched in August) and a step up in advertising should help drive sales improvement, in our view. ... We believe Restaurant Brands deserves a higher multiple than the peer group average given its relatively stronger unit, system sales, and revenue growth." Mr. Carril cut his share target to $70 (U.S.) from $72 (U.S.). Analysts on average target the shares at $65.14 (U.S.).

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