オプションチェーンは、Restaurant Brands Intlの株式オプションの主要データを様々な行使価格と満期日で表示します。トレーダーはこの情報を使用して、潜在的な取引を分析し、Restaurant Brands Intlの市場センチメントを評価します。.

Restaurant Brands Intl (NYSE:QSR) 株価情報, オプションチェーン

Restaurant Brands Intl

Restaurant Brands International is one of the largest restaurant companies in the world, with approximately $43 billion in 2023 systemwide sales across a footprint that spanned more than 31,000 restaurants and more than 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Hortons supply chain operations. Formed in 2014 after 3G Capital's acquisition of Tim Hortons International, the RBI portfolio is split among Burger King (7,144 units), Tim Hortons (4,525 units), Popeyes Louisiana Kitchen (3,394 units), Firehouse Subs (1,265 units), and international franchise units of those banners (14,742) as of year-end 2023.

Restaurant Brands International Inc. Common Shares

Restaurant Brands International Inc

News

Guidance

Restaurant Brands Exec, In China, Sent Termination Notices To Master Franchisee, Which Was Disputed, And We Are Currently In Dispute Resolution Process; Says Now Believe FY24 System-wide Sales Growth Will Be In 5% To 5.5% Range

Restaurant Brands International Executive Says Expect FY System-Wide Sales Growth Will Come In Slightly Below Expectations Laid Out In August; In China, Actively Working To Find Right Long-Term Path For Burger King

Restaurant Brands International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) shares are trading lower in the premarket session on Tuesday after the company <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">reported its third-quarter results.</a>
Restaurant Brands reported adjusted earnings per share of 93 cents, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41740099/restaurant-brands-international-inc-reports-third-quarter-2024-results" rel="noreferrer noopener">missing the street view of 95 cents</a>. Quarterly sales of $2.291 billion missed the analyst consensus estimate of $2.307 billion.
The company reported consolidated comparable sales growth of 0.3% and a 3.8% increase in net restaurants compared to the previous year. System-wide sales saw a 3.2% year-over-year rise.
Income from operations was $577 million, slightly down from $582 million in the prior year. However, adjusted operating income reached $652 million, reflecting a 6.1% organic growth when excluding foreign exchange impacts and Restaurant Holdings.
&#8220;We have been pleased to see an improvement in consolidated comparable sales in October and remain confident we will achieve our 8% plus Adjusted Operating Income growth target for 2024 and beyond,&#8221; said Josh Kobza.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41740288/us-stocks-set-for-cautious-start-as-investors-brace-for-volatility-on-election-day-expert-points-to" rel="noreferrer noopener">US Stocks Set For Cautious Start As Investors Brace For Volatility On Election Day: Expert Points To &#8216;Pretty Well Overall&#8217; Historical Performance</a>
After acquiring Carrols and PLK China, Restaurant Brands created Restaurant Holdings. This segment includes results from Carrols Burger King and PLK China restaurants.
The company exited the quarter with cash and equivalents worth $1.176 billion. Net inventories as of quarter end totaled $169 million. The company&#8217;s long-term debt, net of current portion as of quarter end was $13.571 billion.
Dividend: Restaurant Brands declared a dividend of&nbsp;58 cents&nbsp;per common share for the fourth quarter of 2024. The dividend will be payable on January&nbsp;3.
Outlook: For 2024, Restaurant Brands continues to expect adjusted net interest expense to range between $565 million and $575 million. Additionally, consolidated capital expenditures, tenant inducements, and incentives (excluding RH) are expected to total around $300 million.
Restaurant Brands continues to expect its long-term performance targets for 2024 to 2028, including expectations of 3%+ growth in comparable sales, 5%+ growth in net restaurant count, 8%+ growth in system-wide sales, and adjusted operating income growth at least in line with system-wide sales growth.
Price Action: QSR shares are trading lower by 2.87% to $68.03 premarket at last check Tuesday.
Photo by Savvapanf on Shutterstock
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Earnings

Equities

Markets

Movers

General

Burger King Parent Restaurant Brands Stock Slips On Q3 Earnings Miss; On Track To Deliver 8%+ System-Wide Sales Growth

WIIM

Restaurant Brands International shares are trading lower following worse-than-expected Q3 financial results.

Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) reported quarterly earnings of $0.93 per share which missed the analyst consensus estimate of $0.95 by 2.11 percent. The company reported quarterly sales of $2.291 billion which missed the analyst consensus estimate of $2.307 billion by 0.69 percent. This is a 24.71 percent increase over sales of $1.837 billion the same period last year.

Earnings Misses

Restaurant Brands Intl Q3 2024 Adj. EPS $0.93 Misses $0.95 Estimate, Sales $2.291B Miss $2.307B Estimate

The U.S. copyright office has granted an exemption allowing third-party repairs of the frequently malfunctioning ice cream machines at McDonald&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>).
What Happened: Last week, the U.S. copyright office gave the green light to&nbsp;third parties to diagnose and&nbsp;repair commercial equipment, including McDonald&#8217;s notorious ice cream machines.
This decision enables franchise owners to circumvent the digital locks that previously barred them from fixing the machines themselves.
The exemption is a part of the Copyright Office&#8217;s final rule granting exceptions&nbsp;to Section 1201 of the&nbsp;Digital Millennium Copyright Act or DMCA. The law had earlier forbidden&nbsp;anyone other than the manufacturer,&nbsp; from bypassing its software&nbsp;locks.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41517027/five-us-banks-face-billions-in-losses-as-silvers-price-spike-hits-short-sellers-hard-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Five US Banks Face Billions In Losses As Silver&#8217;s Price Spike Hits Short Sellers Hard: Report</a>
However, following a machine teardown last year, iFixit and Public Knowledge filed for an exemption, which received support from&nbsp;the Federal Trade Commission and&nbsp;Department of Justice.
While the decision does not fully cover the request for an exemption for a broader range of commercial and industrial equipment, it does address the issue with McDonald&#8217;s ice cream machines.
The exemption will officially come&nbsp;into effect on Oct. 28.
Why It Matters: This development comes at a time when McDonald&#8217;s has been grappling with other issues. The fast-food giant recently faced an&nbsp;E. Coli scare&nbsp;linked to its Quarter Pounder burgers, which <a href="https://www.benzinga.com/news/24/10/41468120/mcdonalds-stock-drops-after-cdc-identifies-e-coli-outbreak-linked-to-quarter-pounders">led to a drop in its stock</a>.
As a result, McDonald&#8217;s and its rivals, including&nbsp;Restaurant Brands International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>)&nbsp;and&nbsp;Yum Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>),&nbsp;<a href="https://www.benzinga.com/news/24/10/41535638/mcdonalds-rivals-burger-king-yum-brands-remove-onions-from-menus-amid-quarter-pounder-e-coli-scare">removed onions</a>&nbsp;from their menus.
However, McDonald&#8217;s has now announced that its&nbsp;Quarter Pounders are making a comeback&nbsp;after beef was ruled out as the<a href="https://www.benzinga.com/markets/equities/24/10/41565765/mcdonalds-quarter-pounders-to-make-a-comeback-after-beef-ruled-out-as-main-culprit-in-e-coli-sca"> main culprit in the E.Coli scare</a>.
The Food and Drug Administration, or FDA, had also <a href="https://www.benzinga.com/news/24/10/41527681/fda-launches-investigation-into-mcdonalds-supplier-taylor-farms-following-e-coli-outbreak">launched an&nbsp;investigation</a>&nbsp;into McDonald&#8217;s supplier, Taylor Farms, following the outbreak.
The outbreak has been linked to 49 reported cases of E. coli, leading to 10 hospitalizations and one fatality.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: LadyDucayne via Flickr

Media

McDonald's Broken Ice Cream Machines Can Finally Be Fixed As New Copyright Exemption Allows 3rd Party Repairs

In response to an E. coli outbreak associated with fresh onions, leading U.S. fast-food chains including McDonald&#8217;s Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), Restaurant Brands International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>), and Yum Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) have decided to remove the vegetable from their menus. The outbreak has reportedly caused 49 illnesses and one fatality.
What Happened: As reported by Reuters, the parent company of Burger King, Restaurant Brands International, and Yum Brands have also decided to eliminate fresh onions from their offerings. A spokesperson confirmed that about 5% of Burger King outlets have already implemented this change.
&#8220;We&#8217;ve been told by corporate to not use any onions going forward for the foreseeable future,&#8221; said Maria Gonzales, a manager at a Longmont, Colorado Burger KIng, according to the report.
McDonald&#8217;s identified Taylor Farms as the source of the contaminated onions, which have now been recalled. Yellow onions from a Colorado facility have been recalled, according to a memo by US Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>), a major U.S. food service supplier.
The U.S. Food and Drug Administration announced that Taylor Farms, the supplier for the impacted McDonald&#8217;s locations, has started a recall. The health regulator is working with both federal and state authorities and the companies to establish if onions led to the outbreak.
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Why It Matters: This outbreak follows a recent report of E. coli cases linked to McDonald&#8217;s hamburgers, which led to a <a href="https://www.benzinga.com/news/24/10/41494285/mcdonalds-stock-is-tumbling-wednesday-heres-why">drop in the company&#8217;s shares</a>. The U.S. Centers for Disease Control announced that 49 cases of E. coli were detected across 10 states, with the majority of sick people reporting eating Quarter Pounder hamburgers from McDonald&#8217;s.
The FDA has launched an <a href="https://www.benzinga.com/news/24/10/41527681/fda-launches-investigation-into-mcdonalds-supplier-taylor-farms-following-e-coli-outbreak">investigation</a> into Taylor Farms, the supplier of McDonald&#8217;s, after multiple people fell ill with E. coli linked to the restaurant chain&#8217;s Quarter Pounder. The FDA currently believes slivered onions served on McDonald's hamburgers are the most likely source of contamination.
Despite the outbreak, analysts had previously stated that the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41494741/mcdonalds-well-positioned-to-contain-e-coli-outbreak-analysts-say-impact-minimal-co">impact on McDonald&#8217;s stock</a> would be minimal. However, David Tarantino, an analyst at Baird Equity Research, downgraded McDonald&#8217;s shares to &#8220;neutral&#8221; late on Wednesday due to concerns over consumer sentiment.
Price Action: On Thursday, McDonald&#8217;s stock traded 1% higher at $301.58 in the regular session and was largely flat in the after-hours trading, according to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1">data from Benzinga Pro</a>.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

USFD

McDonald's Rivals Burger King, Yum Brands Remove Onions From Menus Amid Quarter-Pounder E.Coli Scare

Burger King Spokesperson Says About 5% Of Its Restaurants Do Receive Onions Distributed From The Taylor Farms Colorado Facility

Burger King Says Proactively Asked Some Restaurants Who Received Whole Onions Distributed By Taylor Farms Colorado Facility To Dispose Them; Says No Crossover With McDonald's For The Vast Majority Of Its Onion Facilities

Burger King Says Affected Stores Get Onions From Taylor Farm

B of A Securities analyst Gregory Francfort maintains Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Underperform and raises the price target from $76 to $77.

Price Target

Analyst Ratings

B of A Securities Maintains Underperform on Restaurant Brands Intl, Raises Price Target to $77

Oppenheimer analyst Brian Bittner maintains Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Outperform and lowers the price target from $89 to $86.

Oppenheimer Maintains Outperform on Restaurant Brands Intl, Lowers Price Target to $86

The world&#39;s largest retailer, company, and employer, Walmart Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>), continues to defy gravity as its stock keeps floating higher, rising 54% year-to-date (YTD). Even after the 3 for 1 stock split on Feb. 26, 2024, shares climbed an additional 52%. The company demonstrates the power of scale as the nation&#39;s largest importer of goods. Walmart is also making headway in China as it gains market share against its incumbent retail leaders. While firing on all cylinders, Walmart continues to grow, indicating more upside.
Walmart operates in the retail/wholesale sector, competing with retailers like Target Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgt#NYSE">TGT</a>), Costco Wholesale Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) and Amazon.com Inc.
<h2>Defying Gravity As the U.S. Dollar Spikes </h2>
In a high interest rate environment, the U.S. dollar tends to stay strong, which hurts companies selling goods and services overseas, as reflected in their earnings reports as FX or currency headwinds. Falling interest rates tend to weaken the dollar, enabling other currencies to have more purchasing power for U.S. goods and services. However, since the&nbsp;Fed&#39;s 50 bps&nbsp;interest rate cut, the U.S. dollar index has recovered from a low of $99.866 to surge up to $102.223.
As the nation&#39;s largest importer of goods, Walmart is one of the major companies that has benefited from a strong U.S. dollar. For Walmart, a rising dollar counts as a currency tailwind. Its buying power grows, enabling it to buy more goods overseas for less money (in U.S. dollars). The jump in the U.S. dollar index has pushed Walmart shares back up near its all-time high. The spike in the U.S. dollar is a net positive for Walmart&#39;s gross margins.
<h2>Challenging the Incumbents in China </h2>
Walmart grew sales in China by 17.7% YoY in its second quarter of 2024. Its Sam&#39;s Club warehouse business saw membership income rise by 26% YoY. Nearly 50% of Walmart&#39;s sales in China come from its e-commerce and digital sales channels. While Walmart is an American company, it&#39;s been successful in locally sourced goods. Its success has been so solid that it&#39;s doubling down focus on its China operations as indicated by dumping its investment in JD.com Inc., selling its 144.5 million share stake for around $3.7 billion on Aug. 21, 2024, which it&#39;s held since 2016. It sold shares for an average of $24.95, a little over a month before JD.com shares nearly doubled in anticipation of China&#39;s stimulus package.
<h2>Taking a Page From Amazon Prime Membership Services </h2>
Taking a page out of Amazon Prime membership services, Walmart has been growing its Walmart+ membership program. For $12.95 per month or $98 per year, Walmart+ members get free shipping with no minimum orders (like Prime), which includes free grocery delivery. Members get free Paramount Global (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/para#NASDAQ">PARA</a>) Paramount+ streaming services with ads and up to 10 cents per gallon discount on gas at Walmart, Sam&#39;s Club, Murphy&#39;s, and Exxon Mobil Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>).
Walmart+ members get early access to promotions like Black Friday deals, travel benefits, cash-back rewards, and member price discounts on groceries and prescriptions. Members can now get dining benefits at Burger King, owned by Restaurant Brands International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qsr#NYSE">QSR</a>), like 25% off digital orders and a free Whopper every quarter with any purchase. It also has additional discounts and promotions with companies from Peloton Interactive Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pton#NASDAQ">PTON</a>) to NOOM and a 30% discount on home projects at Angi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angi#NASDAQ">ANGI</a>).
<h2>Walmart Grew Comp Sales 4.2% in Its Second-Quarter of 2024</h2>
In its Q2 2024 earnings report, Walmart reported earnings of 67 cents per share, beating consensus analyst estimates by 2 cents. Revenues rose 4.7% YoY to $169.3 billion versus $168.56 billion consensus estimates. Walmart&#39;s U.S. comp sales rose an impressive 4.2% YoY. Global advertising grew 26% YoY, including 30% growth for Walmart Connect. Consolidated gross margins rose 43 bps. Walmart+ membership income grew 23% YoY, and Walmart+ memberships rose by double-digits.
Its e-commerce sales rose 22% YoY, driven by store-fulfilled pickup and delivery. Global inventories fell 2% YoY and 2.9% for U.S. Walmart inventory with health in-stock levels. Market shares grew in general merchandise, while transaction counts and unit volume rose across all markets. Grocery sales are strong, and there is no evidence of consumer weakness.
<h2>Walmart Raises Full-Year Guidance&nbsp; </h2>
The company expects Q3 2024 EPS between 51 and 52 cents versus 55 cents consensus estimates. Revenues are expected between $166.03 billion and $167.05 billion versus $167.05 billion. Full-year 2024 EPS was raised to $2.35 to $2.43, up from $2.23 to $2.37, versus $2.44 consensus estimates. Full-year 2024 revenue is expected to be between $672.43 billion and $678.91 billion versus the consensus estimates of $676.53 billion.
Walmart CEO Doug McMillan commented, &quot;Our e-commerce progress creates more optionality for our customers and fuels the growth of our newer businesses. Globally, membership income grew 23%. Walmart Plus memberships were up double-digits. And Sam&#39;s Club U.S. achieved a record-high member count. Globally, advertising grew 26%, including 30% growth for Walmart Connect in the U.S. Advertising sales driven by marketplace sellers were up nearly 50%.&quot;
<h2>WMT Stock Forms an Ascending Triangle Pattern </h2>
An ascending triangle pattern is comprised of a flat-top upper trendline resistance conversing with an ascending lower trendline meeting at the apex point. A breakout forms when the stock rises through the upper trendline, and a breakdown forms if the stock collapses through the lower trendline.
<img alt="Walmart WMT stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241006193318_charta-wmt.jpg" style="height:750px; width:915px" />
WMT gapped to $72.78 on its strong earning report and rose to a flat top resistance at $81.53. The ascending lower trendline formed at $77.89 and has continued to increase due to higher lows on pullbacks. The daily anchored VWAP support is at $78.06.The daily RSI has been choppy sideways at the 63-band. Fibonacci (Fib) pullback support levels are at $79.12, $74.75, $71.29, and $68.57.
Walmart&#39;s average consensus price target is $81.62, and its highest analyst price target sits at $98.00. It has 29 analysts&#39; Buy ratings and one Hold rating. The stock trades at 33.17x forward earnings.
Actionable Options Strategies: Bullish investors can consider using cash-secured puts to buy WMT at the fib pullback support levels for entry and write covered calls to execute a wheel strategy for income in addition to the 1.03% annual dividend yield.
The article &quot;<a href="https://www.marketbeat.com/originals/walmart-retail-juggernaut-has-more-room-to-grow-for-investors/">Walmart: Retail Juggernaut Has More Room to Grow for Investors </a>&quot; first appeared on MarketBeat.

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Walmart: Retail Juggernaut Has More Room to Grow for Investors

CAKE

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WING

Shares of restaurant stocks are trading lower possibly amid overall market weakness due to a rise in the 10-year Treasury yield.

Restaurant Brands (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qsr#NYSE">QSR</a>)&nbsp;owns massive fast-food chains like Burger King, Popeyes, and Tim Hortons. The company has&nbsp;received approval for its share buyback program, under which it will be able to repurchase up to 10% or $500 million worth of its outstanding shares over the next year. Let&#39;s explore&nbsp;what this announcement really means and compare the company to the competition on key metrics.
<h2>Repurchases: Better to Have and Not Need Than the Other Way Around</h2>
Should the company decide to use its buyback capabilities, it would benefit shareholders. Share buybacks support the earnings-per-share (EPS) of a company by lowering the share count. This also means each share that continues to be outstanding is worth a larger percentage of the overall company.
Counterintuitively, it&#39;s likely a better overall outcome for shareholders if the buyback program is not used. This is because the company is only likely to initiate buybacks if the share price falls significantly. The company started buying back shares in Oct. 2023, when the stock price had fallen nearly 10% in two weeks. This helped support the stock price at that time.
Since then, outstanding shares have climbed to their highest level in the past year, while the share price has been flat. More than anything, this announcement shows the firm&#39;s willingness to step in to help prevent the stock price from dropping rapidly.
Although it might not be the flashiest thing in the world, it clearly provides benefits to shareholders. Ideally, they won&#39;t need to use it. This can be understood better by exploring the phrase, &quot;it will be able to repurchase up to 10% or $500 million worth of its outstanding shares.&quot;
This means the company can repurchase the lesser (or equal) of these two figures, depending on its market capitalization. Based on its current market cap of $32 billion, $500 million represents 1.5% of the company&#39;s outstanding shares. So, for the company to repurchase 10% of its shares, the market cap would have to be $5 billion.
That could only happen if shares declined by 84%, a result that obviously no shareholder wants. However, the company can still use the repurchases strategically to support the share price when it starts falling modestly, which is a much more likely outcome. It&#39;s imperative to examine the current state of Restaurant Brands outside of this announcement.
<h2>Rate Cuts Are Good News for Non-Essential Goods</h2>
There are other things to like about Restaurant Brands. The company operates in the consumer discretionary sector, where the goods sold are considered non-essential. With impending interest rate cuts, firms in the consumer discretionary sector can benefit. The CME FedWatch Tool now projects a 62% probability of the Federal Reserve dropping interest rates by 50 basis points at its Sept. 18 meeting.
Additionally, by the Dec. 18 meeting, there is nearly a two-thirds probability that rates will fall by 120 basis points or more from current levels. This drop in rates can allow people to refinance their home loans and lower their monthly payments. By doing this, they can spend less on essentials like housing and have more money to spend on non-essential goods.
One analyst is particularly bullish on the company. RBC raised its price target for Restaurant Brands a week ago to $95. The current price of around $70 implies an upside of 36%.
<h2>Comparative Analysis: Restaurant Brands Shows Favorable Signs</h2>
Compared to other&nbsp;restaurant stocks, the company looks encouraging in several metrics. Its forward-looking dividend yield of 3.3% is significantly above that of most other U.S. and Canadian quick-service restaurant (QSR) stocks. Its forward price-to-earnings (P/E) ratio of 19.3x is below average compared to a peer group of nine U.S. and Canadian QSR firms with market capitalizations of at least $2 billion.
Also, the company has done well in an environment where other QSR firms are struggling to grow revenues. The compound annual growth rate (CAGR) of more than 10% over the past two years exceeds the 7% average for this group. It&#39;s also twice that of the biggest player in the space, McDonald&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcd#NYSE">MCD</a>), which has had a 5% revenue CAGR over the same period.
Forecasts for EPS growth over the next two years also look good at a CAGR of 14%, above the 11.5% average for these nine firms.
The article &quot;<a href="https://www.marketbeat.com/originals/what-buybacks-and-lower-rates-could-mean-for-restaurant-brands/">What Buybacks and Lower Rates Could Mean for Restaurant Brands</a>&quot; first appeared on MarketBeat.

Buybacks

What Buybacks and Lower Rates Could Mean for Restaurant Brands

BROS

BTBD

DASH

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PLAY

SHAK

Shares of restaurant companies are trading higher following the Fed's rate cut, which could boost industry traffic through an increase in consumer discretionary incomes.

JP Morgan analyst John Ivankoe maintains Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Overweight and raises the price target from $80 to $84.

JP Morgan Maintains Overweight on Restaurant Brands Intl, Raises Price Target to $84

TD Cowen analyst Andrew Charles reiterates Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Buy and maintains $82 price target.

Reiteration

TD Cowen Reiterates Buy on Restaurant Brands Intl, Maintains $82 Price Target

Restaurant Brands International Inc. ("RBI") (TSX:<a class="ticker" href="https://www.benzinga.com/stock/QSR#TSX">QSR</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) announced today that it has filed, and the Toronto Stock Exchange (the "TSX") has accepted, notice of RBI's intention to renew its normal course issuer bid (the "NCIB") for its common shares. The&nbsp;NCIB is being conducted in furtherance of RBI's board-approved share repurchase authorization that allows RBI to purchase up to U.S.$500 million of its common shares through September 30, 2025 (the "Repurchase Authorization").&nbsp; While share repurchases remain part of our capital allocation philosophy, we are currently prioritizing our 2024 net leverage target.

TSX:QSR

Restaurant Brands International Announces Renewal Of Normal Course Issuer Bid That Allows RBI To Purchase Up To $500M Of Its Common Shares Through September 30, 2025

RBC Capital analyst Christopher Carril maintains Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Outperform and raises the price target from $90 to $95.

RBC Capital Maintains Outperform on Restaurant Brands Intl, Raises Price Target to $95

Notable companies reporting before tomorrow's open, with earnings consensus, include Apollo Global (APO), consensus $1.72… Restaurant Brands (QSR),...

Notable companies reporting before tomorrow's open

Here's the major earnings before the open tomorrow

In a report released today, Jeff Bernstein from Barclays maintained a Buy rating on Restaurant Brands International (QSR – Research Report), with a...

Barclays Keeps Their Buy Rating on Restaurant Brands International (QSR)

Earnings Snapshot: Restaurant Brands Q3 results disappoint, comparable sales lag

Restaurant Brands' sales miss expectations, comparable sales soften

4 stocks to watch on Tuesday: YUM, DJT and more

Shares of Restaurant Brands International ($QSR) slumped in pre-market trading after the company's Q3 results fell short of estimates. The company ...

QSR Earnings: Restaurant Brands' Q3 Results Fall Short of Estimates

Restaurant Brands declares $0.58 dividend

Restaurant Brands International Inc. (QSR) Q3 2024 Earnings Call Transcript

Andrew Charles, an analyst from TD Cowen, maintained the Buy rating on Restaurant Brands International (QSR – Research Report). The associated pric...

Strategic Initiatives and Market Positioning Drive Positive Outlook for Restaurant Brands International

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Press Releases

Tims China Announces Second Quarter 2024 Financial Results

Restaurant Brands International Inc. Announces Launch of First Lien Senior Secured Notes Oﬀering

Offerings

Restaurant Brands International Inc. Announces Pricing of First Lien Senior Secured Notes Offering

Tims China Partners with Panda Superstar Meng Lan to Celebrate Bagel Maverick

Restaurant Brands International Inc. Announces Renewal of Normal Course Issuer Bid

Restaurant Brands International to Report Third Quarter 2024 Results on November 5, 2024

Tims China to participate in and sponsor the Upcoming Fourth ESG Global Leaders Summit

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