Analyst Andrew Strelzik of BMO Capital reiterated a Buy rating on Restaurant Brands International (QSR – Research Report), with a price target of $86.00.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Andrew Strelzik has given his Buy rating due to a combination of factors that highlight the strong performance and strategic execution of Restaurant Brands International (QSR). The company’s recent earnings exceeded market expectations, with a notable performance in the international segment and favorable results from Tim Hortons, which has shown consistent traffic growth and improved profitability. These positive outcomes have contributed to a robust outlook for the brand.
Despite recognizing some competitive challenges for Burger King in the U.S., Strelzik maintains confidence in QSR’s ability to navigate these through strategic initiatives such as remodels and operational improvements. The international segment also demonstrated strong growth, partially driven by overcoming geopolitical challenges and executing well on strategic objectives. Overall, Strelzik views the valuation as attractive given the company’s solid execution and anticipated growth in operating profit aligned with long-term targets.
In another report released today, Bernstein also maintained a Buy rating on the stock with a $90.00 price target.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QSR in relation to earlier this year.