TD Cowen Maintains Outperform Rating for Restaurant Brands Intl: Here's What You Need To Know

TD Cowen has decided to maintain its Outperform rating of Restaurant Brands Intl QSR and raise its price target from $80.00 to $85.00.

Shares of Restaurant Brands Intl are trading up 0.43% over the last 24 hours, at $72.73 per share.

A move to $85.00 would account for a 16.87% increase from the current share price.

About Restaurant Brands Intl

Restaurant Brands International is one of the largest restaurant companies in the world, with approximately $39 billion in 2022 systemwide sales across a footprint that spanned nearly 30,000 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 Restaurant Brands portfolio now includes Burger King (19,000 units), Tim Hortons (5,600 units), Popeyes Louisiana Kitchen (4,100 units) and Firehouse Subs (1,250 units) as of year-end 2022.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.