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RBC Capital Sticks to Their Buy Rating for Restaurant Brands International (QSR)

In a report issued on July 18, Christopher Carril from RBC Capital maintained a Buy rating on Restaurant Brands International (QSRResearch Report), with a price target of $68.00. The company’s shares closed last Wednesday at $53.17.

According to TipRanks.com, Carril is a 4-star analyst with an average return of 7.2% and a 53.1% success rate. Carril covers the Services sector, focusing on stocks such as Life Time Group Holdings, Brinker International, and Texas Roadhouse.

Currently, the analyst consensus on Restaurant Brands International is a Moderate Buy with an average price target of $60.58, implying a 13.0% upside from current levels. In a report issued on July 11, Deutsche Bank also reiterated a Buy rating on the stock with a $64.00 price target.

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Based on Restaurant Brands International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.45 billion and net profit of $183 million. In comparison, last year the company earned revenue of $1.26 billion and had a net profit of $179 million.

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Restaurant Brands International, Inc. is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant. The Popeyes segment handles chicken category of the quick service segment of the restaurant industry. The company was founded on August 25, 2014 and is headquartered in Toronto, Canada.

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