18:52:06 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Restaurant Brands International Inc
Symbol QSR
Shares Issued 312,484,318
Close 2024-01-26 C$ 103.39
Market Cap C$ 32,307,753,638
Recent Sedar Documents

Globe says Restaurant Brands kept at "outperform"

2024-01-26 07:39 ET - In the News

The Globe and Mail reports in its Friday edition that RBC Capital analyst Christopher Carril has reaffirmed his "outperform" recommendation for Restaurant Brands International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Carril boosted his share target by $4 to $91 (all figures U.S.). Analysts on average target the shares at $83.41. For Tim Hortons and Burger King parent Restaurant Brands, Mr. Carril expects investor focus to "remain on the company's and franchisees' progress toward improving the health and profitability of Restaurant Brands' brands, along with comp store sales momentum and development." Mr. Carril says in a note: "For Tims Canada, we believe that continued focus on the quality of TH Canada's food and beverage offerings -- along with growing digital engagement -- should support continued solid comp performance during the 4Q (we model TH segment comp growth of 7.5 per cent). Additionally, potential to further expand the PM daypart business and cold beverage platform mix via menu innovation remain key opportunities for sustainable, long-term growth, in our view." The Globe reported on April 4 that Mr. Carril had kept Restaurant Brands at "outperform." It was then worth $89.15.

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