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QSR

Restaurant Brands

$59.95

3.44 (6.09%)

07:59
02/13/18
02/13
07:59
02/13/18
07:59

Restaurant Brands remains a Best Idea at Stephens

Stephens analyst Will Slabaugh attributes Restaurant Brands' "strong" Q4 results to top-line outperformance, which he would credit to Burger King's value bundling, as well as cost controls. He thinks BK's momentum is likely to continue, which should calm investor fears around competitive threats. Slabaugh keeps his Overweight rating on Restaurant Brands, noting it remains his Best Idea in restaurants. He has a $75 price target on the shares, which closed up 6% at $59.95 yesterday.

  • 07

    Mar

QSR Restaurant Brands
$59.95

3.44 (6.09%)

12/12/17
12/12/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Mylan (MYL), Teva (TEVA) and Endo (ENDP) initiated with a Neutral at Gugenheim, while Impax (IPXL) was initiated with a Buy. 2. Stitch Fix (SFIX) initiated with an Outperform at William Blair, a Neutral at JPMorgan and Goldman Sachs, an Overweight at Piper Jaffray, an Equal Weight at Barclays and a Hold at Stifel. 3. Exxon Mobil (XOM) and ConocoPhillips (COP) initiated with a Neutral at Credit Suisse. The firm also started Range Resources (RRC) and Anadarko (APC) with an Outperform, and Laredo Petroleum (LPI), Energen (EGN), Southwestern Energy (SWN), Noble Energy (NBL), Murphy Oil (MUR), Cabot Oil & Gas (COG) and Newfield Exploration (NFX) with a Neutral rating. 4. Restaurant Brands (QSR) initiated with an Outperform at Evercore ISI. 5. Waste Connections (WCN) initiated with an Outperform, named a top pick at BMO Capital. This list is just a portion of The Fly's full analyst coverage. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/02/18
WELS
01/02/18
NO CHANGE
WELS
Potbelly, Del Taco may see largest EPS tailwind from tax reform, says Wells Fargo
Wells Fargo argues that Potbelly (PBPB), Del Taco (TACO), El Pollo Loco (LOCO) and Jack in the Box (JACK) could see the largest EPS accretion tailwind from a reduced corporate tax rate, with Restaurant Brands (QSR), Red Robin (RRGB), Noodles & Company (NDLS) and Yum! Brands (YUM) the companies that could see the smallest tailwind. Recent restaurant rally indicates that virtually the entire sector has benefited from anticipation of potential tax reform, with the most heavily shorted names seeing an amplified move, the firm adds.
01/11/18
BMOC
01/11/18
NO CHANGE
BMOC
Outperform
Restaurant Brands negative press over wages overblown, says BMO Capital
BMO Capital analyst Peter Sklar noted that Restaurant Brands shares have been pressured the last several days, which he attributes to negative press coverage of Tim Hortons franchisees' cost control measures in response to the increase in Ontario's minimum wage. However, he believes the reaction has been overblown and that negative publicity should die down in the coming weeks, while also contending that the corporate parent will eventually allow some menu price increases to offset the impact of wages. Sklar maintains an Outperform rating on Restaurant Brands shares.
01/16/18
UBSW
01/16/18
NO CHANGE
Target $74
UBSW
Buy
Restaurant Brands weakness a buying opportunity, says UBS
UBS analyst Dennis Geiger noted Restaurant Brands shares have pulled back on concerns specific to the sales impact from recent minimum wage protests at Tim Hortons and uncertainty around distribution margins. The analyst said his checks indicate little impact on Tim Horton sales trends from the protests and sales trends continue to show improvement relative to early 2017. Geiger reiterated his Buy rating and $74 price target on Restaurant Brands shares.

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COOL

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