Restaurant Brands rallies after Truist says Addam’s Family menu selling out

Truist analyst Jake Bartlett says the firm’s conversations with Burger King franchisees suggest that Burger King’s Addam’s Family menu, which launched on October 10, has been so successful in its first week that supplies are selling out. The “Wednesday’s Whopper” purple buns are expected to sell out nationally for at least a few days this week before being replenished and the “Churro Fries” are expected to sell-out completely, the analyst tells investors in a research note. Truist believes Restaurant Brands (QSR)’ innovation is resonating with consumers. It keeps a Buy rating on the Burger King parent with an $86 price target Shares of Restaurant Brands are up 3% to $72.51 midday trading.