Restaurant Brands InternationalQSR
Market Cap: 21.5B
About: Restaurant Brands International is one of the largest restaurant companies in the world, with approximately $43 billion in 2023 systemwide sales across a footprint that spanned more than 31,000 restaurants and more than 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 Hortons supply chain operations. Formed in 2014 after 3G Capital's acquisition of Tim Hortons International, the RBI portfolio is split among Burger King (7,144 units), Tim Hortons (4,525 units), Popeyes Louisiana Kitchen (3,394 units), Firehouse Subs (1,265 units), and international franchise units of those banners (14,742) as of year-end 2023.
Employees: 9,000
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
73% more call options, than puts
Call options by funds: $159M | Put options by funds: $91.5M
1% less capital invested
Capital invested by funds: $20.4B [Q4 2023] → $20.2B (-$117M) [Q1 2024]
8% less repeat investments, than reductions
Existing positions increased: 154 | Existing positions reduced: 168
1% less funds holding
Funds holding: 454 [Q4 2023] → 449 (-5) [Q1 2024]
2.09% less ownership
Funds ownership: 83.26% [Q4 2023] → 81.17% (-2.09%) [Q1 2024]
10% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 49
14% less funds holding in top 10
Funds holding in top 10: 14 [Q4 2023] → 12 (-2) [Q1 2024]
Research analyst outlook
30 Wall Street Analysts provided 1 year price forecasts over the past 6 months
30 analyst ratings
B of A Securities Gregory Francfort | 16%upside $79 | Underperform Maintained | 17 Jul 2024 |
Morgan Stanley John Glass | 22%upside $83 | Equal-Weight Maintained | 16 Jul 2024 |
Truist Securities Jake Bartlett | 28%upside $87 | Buy Maintained | 9 Jul 2024 |
Keybanc Eric Gonzalez | 18%upside $80 | Overweight Maintained | 27 Jun 2024 |
TD Cowen Andrew Charles | 29%upside $88 | Buy Reiterated | 13 Jun 2024 |
Financial journalist opinion
Based on 10 articles about QSR published over the past 30 days