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QSR

Restaurant Brands

$43.56

-0.48 (-1.09%)

08:58
10/14/16
10/14
08:58
10/14/16
08:58

Restaurant Brands initiated with an Outperform at BMO Capital

BMO Capital analyst Peter Sklar says that Restaurant Brands "has demonstrated strong EBITDA growth," while it should benefit from continued cost reductions and the expansion of Burger King and Tim Hortons to new geographic markets. The analyst adds that the company's "substantial and consistent" cash flow "will be highly valued by investors." Target $52.

QSR Restaurant Brands
$43.56

-0.48 (-1.09%)

05/13/16
ITGG
05/13/16
NO CHANGE
ITGG
Restaurant Brands mentioned cautiously at ITG Research
06/15/16
LBOW
06/15/16
NO CHANGE
LBOW
Longbow lowers Burger King, Wendy's estimates following McDonald's checks
Longbow analyst Alton Stump lowered his Q2 domestic comparable sales growth estimates for Burger King and Wendy's (WEN) following recent channel checks that indicate that McDonald's (MCD) has gained share domestically in the quarter to date. For Burger King, he lowered his Q2 comp growth forecast to up 1% from up 1.8% and for Wendy's he cut his system-wide Q2 comp growth estimate to up 1.7% from up 2.5%. The firm keeps a Buy rating on Wendy's and a Neutral rating on BK parent Restaurant Brands (QSR).
07/18/16
OTRG
07/18/16
UPGRADE
OTRG
Positive
Restaurant Brands upgraded to Positive from Mixed at OTR Global
OTR Global upgraded Restaurant Brands to Positive following checks that indicate Q2 promotions exceeded plan.
09/26/16
LBOW
09/26/16
DOWNGRADE
Target $35
LBOW
Underperform
Restaurant Brands downgraded to Underperform from Neutral at Longbow
Longbow analyst Alton Stump downgraded Restaurant Brands to Underweight with a $35 price target citing the comp growth slowdown in its core markets of Canada for Tim Hortons and in the U.S. for Burger King. Stump is concerned about the recent comp slowdown for Burger King continued in the quarter and said competition within the hamburger category remains intense.

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