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Analyst Report: Restaurant Brands Intl In

Restaurant Brands International (QSR) Stock Forecasts

AllAnalyst Report

ArgusoAugust 09, 2023

Symbols

QSR

Sector(s)

Consumer Cyclical

Rating

Current Price

$73.46

Price Target

Earnings Estimate

Summary

Restaurant Brands International Inc. was created in 2014 when 3G Capital, a Brazilian private equity firm, backed Burger King’s $11.4 billion acquisition of Tim Hortons. 3G Capital owns more than 41% of Restaurant Brands International’s common stock.
QSR consists of Burger King (the world’s second-largest quick-service restaurant chain), Tim Hortons (Canada’s second-largest chain), and Popeye’s Louisiana Kitchen, which it acquired in March 2017. In December 2021, Restaurant Brands acquired Firehouse Subs, a national fast-food chain with more than 1,200 locations. The company has more than 26,000 restaurants worldwide. Franchisees own 99% of these restaurants. About 44% of revenue comes from international markets.

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Analyst Profile

John D. Staszak, CFA

Securities Analyst: Consumer Discretionary & Consumer Staples

John’s specialty at Argus includes the gaming, lodging and restaurant groups within the Consumer Discretionary sector. John earned an MBA from the University of Texas and a BA in Economics from the University of Pennsylvania. In the financial services industry, he has worked as an analyst and consultant for firms including Standard & Poor’s, the Bank of New York, Harris Nesbitt Gerard and Merrill Lynch. John is a CFA charterholder. Forbes magazine named John as the second-best stock picker among restaurant analysts in 2006. He was also ranked the second-best analyst covering the restaurant sector by the Wall Street Journal in 2007, a year in which a Financial Times/StarMine survey also ranked John that same way. In 2008, the Journal again listed John as an award winner, with a third-best designation among hotel industry analysts and a fifth-best designation among restaurant analysts.

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