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QSR

Restaurant Brands

$67.28

0.25 (0.37%)

08:41
05/13/19
05/13
08:41
05/13/19
08:41

Restaurant Brands cut to Underperform on franchisee unrest at Longbow

As previously reported, Longbow analyst Alton Stump downgraded Restaurant Brands to Underperform from Neutral, telling investors that his latest talks with domestic Burger King franchisees points to "a significant level of discord" between corporate and franchisees related to the company's recently more aggressive discounting strategy. Comparable sales growth at the brand has decelerated from nearly 4% average growth in the second half of 2017 and early 2018 to be flattish over the last three quarters as corporate has not yet been able to meaningfully upgrade its everyday value platform, said Stump. Though the relationship between corporate and Tim Hortons franchisees in Canada has improved, his franchisee contacts were disappointed with comp performance in Q1, added the analyst, who set a $55 price target on the stock.

  • 15

    May

QSR Restaurant Brands
$67.28

0.25 (0.37%)

05/01/19
LBOW
05/01/19
DOWNGRADE
LBOW
Neutral
McDonald's downgraded to Neutral on valuation at Longbow
As previously reported, Longbow analyst Alton Stump downgraded McDonald's (MCD) to Neutral from Buy. While the company's "impressive" U.S. comp growth in Q1 increases his confidence in comps over the last three quarters of the year, he also believes the stock reflects his favorable view with shares trading near his prior price target of $200. Stump added that he believes the strong U.S. comparable sales growth likely means the company gained share from the likes of Dunkin' Brands (DNKN), Burger King (QSR) and Wendy's (WEN) in Q1.
05/09/19
JEFF
05/09/19
INITIATION
Target $70
JEFF
Hold
Restaurant Brands initiated with a Hold at Jefferies
Jefferies analyst Alexander Slagle started Restaurant Brands with a Hold rating and $70 price target. The analyst sees opportunity for "robust" international unit growth and a "modest" reacceleration in same-store-sales. However, he believes investors largely appreciate this at current share levels.
05/09/19
05/09/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Booz Allen (BAH) initiated with a Buy at Goldman Sachs. 2. CACI (CACI) initiated with a Buy at Goldman Sachs. 3. SAIC (SAIC) initiated with a Neutral at Goldman Sachs 4. Avista (AVA) initiated with an Underperform at BofA/Merrill. 5. Restaurant Brands (QSR) initiated with a Hold at Jefferies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/13/19
LBOW
05/13/19
DOWNGRADE
LBOW
Underperform
Restaurant Brands downgraded to Underperform from Neutral at Longbow

TODAY'S FREE FLY STORIES

ALL

Allstate

$107.94

1.56 (1.47%)

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CPRI

Capri Holdings

$31.68

-0.58 (-1.80%)

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NCR

NCR Corp.

$32.85

-0.26 (-0.79%)

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ALNA

Allena Pharmaceuticals

$4.20

-0.035 (-0.83%)

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AAPL

Apple

$220.77

0.89 (0.40%)

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AVP

Avon Products

$4.79

0.09 (1.91%)

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TSM

TSMC

$45.15

0.55 (1.23%)

, AMD

AMD

$31.00

0.17 (0.55%)

07:51
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Periodicals
TSMC extends production lead time for 7nm chip capacity, DIgiTimes reports »

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TSM

TSMC

$45.15

0.55 (1.23%)

AMD

AMD

$31.00

0.17 (0.55%)

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  • 07

    Nov

CBRL

Cracker Barrel

$167.79

2.84 (1.72%)

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07:50
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07:50
General news
U.S. MBA reported mortgage applications dipped -0.1% in the September 13 week »

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AKTS

Akoustis

$7.90

0.1 (1.28%)

07:48
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07:48
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Akoustis rating change  »

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  • 18

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ACHV

Achieve Life Sciences

$2.23

-0.03 (-1.33%)

07:46
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Conference/Events
Achieve Life Sciences to host investor day »

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  • 20

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CBWTF

Auxly Cannabis

$0.00

(0.00%)

07:45
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IOTS

Adesto Technologies

$10.63

-0.66 (-5.85%)

07:45
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Initiation
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ONCE

Spark Therapeutics

$104.41

-0.41 (-0.39%)

07:43
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KLAC

KLA-Tencor

$152.55

1.38 (0.91%)

07:42
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Recommendations
KLA-Tencor analyst commentary  »

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VTVT

vTv Therapeutics

$1.73

-0.045 (-2.54%)

07:40
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vTv Therapeutics presents additional data from Phase 2 Simplici-T1 study »

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  • 08

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Treasury Market Outlook: yields extended declines overnight »

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GSK

GlaxoSmithKline

$41.10

0.49 (1.21%)

07:38
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Conference/Events
FDA Non-Prescription Drugs Advisory Committee to hold a meeting »

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  • 18

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  • 02

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OPGN

OpGen

$7.02

-0.07 (-0.99%)

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BLK

BlackRock

$438.98

3.12 (0.72%)

, TROW

T. Rowe Price

$117.98

1.1 (0.94%)

07:37
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Recommendations
BlackRock, T. Rowe Price analyst commentary  »

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BLK

BlackRock

$438.98

3.12 (0.72%)

TROW

T. Rowe Price

$117.98

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  • 19

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AXDX

Accelerate Diagnostics

$21.30

1.85 (9.51%)

07:36
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Hot Stocks
Accelerate Diagnostics reports 'positive' results in three Pheno system studies »

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  • 24

    Sep

ADBE

Adobe

$284.59

1.54 (0.54%)

, WWE

WWE

$75.88

1.73 (2.33%)

07:35
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07:35
Options
Unusual call flow in option market yesterday »

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ADBE

Adobe

$284.59

1.54 (0.54%)

WWE

WWE

$75.88

1.73 (2.33%)

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  • 23

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BIIB

Biogen

$238.65

2.54 (1.08%)

07:34
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Biogen to present new data from SHINE study on safety and efficacy of SPINRAZA »

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  • 22

    Oct

IAC

IAC

$236.73

7.5 (3.27%)

, MTCH

Match Group

$79.70

3 (3.91%)

07:33
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Recommendations
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IAC

IAC

$236.73

7.5 (3.27%)

MTCH

Match Group

$79.70

3 (3.91%)

ANGI

Angi Homeservices

$7.60

-0.31 (-3.92%)

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  • 10

    Oct

EFX

Equifax

$141.79

1.78 (1.27%)

07:32
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Equifax partners with Urjanet for utility payment data sharing platform »

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  • 27

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