Restaurant Brands International
About: Restaurant Brands International is one of the largest restaurant companies in the world, with approximately USD 44 billion in 2024 systemwide sales across a footprint that spanned more than 32,000 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 (7,082 units), Tim Hortons (4,539 units), Popeyes Louisiana Kitchen (3,520 units), Firehouse Subs (1,345 units), and international franchise units of those banners (15,639) as of year-end 2024.
Employees: 37,600
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
79% more call options, than puts
Call options by funds: $107M | Put options by funds: $59.5M
16% more repeat investments, than reductions
Existing positions increased: 167 | Existing positions reduced: 144
2.29% more ownership
Funds ownership: 84.39% [Q1] → 86.68% (+2.29%) [Q2]
7% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 61
3% more capital invested
Capital invested by funds: $18.3B [Q1] → $18.9B (+$557M) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 10 [Q1] → 10 (+0) [Q2]
1% less funds holding
Funds holding: 451 [Q1] → 447 (-4) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Guggenheim
Gregory Francfort
|
$78
|
Buy
Maintained
|
13 Aug 2025 |
Scotiabank
John Zamparo
|
$71
|
Sector Perform
Maintained
|
8 Aug 2025 |
RBC Capital
Logan Reich
|
$77
|
Outperform
Maintained
|
8 Aug 2025 |
Barclays
Jeffrey Bernstein
|
$78
|
Overweight
Maintained
|
8 Aug 2025 |
Piper Sandler
Brian Mullan
|
$70
|
Neutral
Maintained
|
8 Aug 2025 |
B of A Securities
Sara Senatore
|
$60
|
Underperform
Maintained
|
18 Jul 2025 |
Morgan Stanley
John Glass
|
$72
|
Equal-Weight
Maintained
|
14 Jul 2025 |
Truist Securities
Jake Bartlett
|
$81
|
Buy
Maintained
|
9 Jul 2025 |
Financial journalist opinion
Based on 6 articles about QSR published over the past 30 days