Burger King to invest $300M to modernize U.S. restaurants
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Restaurant Brands International (QSR) PT Raised to $86 at Morgan Stanley
May 1, 2024 7:46 AM EDTMorgan Stanley analyst John Glass raised the price target on Restaurant Brands International (NYSE: QSR) to $86.00 (from $85.00) while maintaining a Equalweight rating.
The analyst comments "A modest but relatively clean beat, broad based across segments on top and bottom line.... More
Restaurant Brands (QSR) Q1 revenue tops expectations as system-wide sales rise
April 30, 2024 6:44 AM EDTRestaurant Brands (NYSE: QSR) reported a modest outperformance in its first quarter earnings, delivering an adjusted EPS of $0.73, slightly above the analyst consensus of $0.72. Revenue for the quarter also surpassed expectations, coming in at $1.74 billion against the predicted $1.7 billion. The company's stock edged up by +0.62% in response to the earnings release, indicating a positive, albeit restrained, investor reaction to the slight earnings beat.
Josh Kobza, CEO of QSR, attributed the company's solid performance to the dedication of teams and franchisees in providing high-quality... More
