07:57:02 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Restaurant Brands International Inc
Symbol QSR
Shares Issued 316,382,439
Close 2024-05-01 C$ 100.76
Market Cap C$ 31,878,694,554
Recent Sedar Documents

Globe says Restaurant Brands maintained at "neutral"

2024-05-02 08:39 ET - In the News

The Globe and Mail reports in its Thursday, May 2, edition that Citi analyst Jon Tower continues to rate Restaurant Brands International "neutral." The Globe's David Leeder writes that Mr. Tower boosted his share target by a buck to $79 (all figures U.S.). Analysts on average target the shares at $85.55. Mr. Tower believes the pieces for Restaurant Brands' "puzzle for shareholder value creation are falling neatly into place" after its earnings release on Tuesday, pointing to share gains at Tim Hortons in Canada, the turnaround in Burger King south of the border and a "strong relative" performance internationally. The company's overall message regarding global demand seems positive, especially when compared with the less optimistic message from McDonald's. However, Mr. Tower cautions that uncertainties regarding the company's future expansion in China (though it currently contributes only a small portion of earnings) and concerns about how well Burger King U.S. will perform in a value-driven market may make it challenging for the company to achieve multiple expansion in the near future. Mr. Tower says, "Investors are likely to breath a sigh of relief post Q1 update and push shares higher in the near term."

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