Restaurant Brnd International (QSR) Receives a Buy from Oppenheimer


According to The Fly, yesterday, an analyst has provided a rating update for the Services sector company, Restaurant Brnd International (TSX: QSR). Oppenheimer’s analyst Brian Bittner reiterates their Buy rating on the shares.

Bittner commented:

“Ahead of QSR’s results we tick 3Q and 4Q18 EPS estimates lower to properly account for FX headwinds and refined changes in revenue recognition. We remain attracted to QSR’s risk/reward and believe stock has already priced in sluggish TH/BK SSS this quarter. When the market begins to appreciate QSR’s above-average system-wide sales growth we believe the shares will be identified as under-valued. We also see non-modeled cash use as an interesting catalyst particularly given Street assumes cash simply builds on balance sheet. Reiterate Outperform.”

According to TipRanks.com, Bittner is a 5-star analyst with an average return of 11.0% and a 68.7% success rate. Bittner covers the Services sector, focusing on stocks such as Restaurant Brands International, Jack In The Box Inc, and Cheesecake Factory.

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Currently, the analyst consensus on Restaurant Brnd International is a Strong Buy with an average price target of C$75, implying a 0.3% upside from current levels. In a report released yesterday, UBS also reiterated a Buy rating on the stock.

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Restaurant Brnd International’s market cap is currently C$18.66B and has a P/E ratio of 0. The company has a Price to Book ratio of 6.83.

Restaurant Brands International, Inc. is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.

The company’s shares closed on Thursday at C$74.75.

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