Restaurant Brands International Inc. (NYSE:QSR) is one of the best stocks to buy according to Seth Klarman. As of December 12, the average price target for QSR suggests an upside of 10%; however, the Street high indicates an upside of 36%. It is the top holding in Seth Klarman’s portfolio, with a position worth $529.3 million.
On December 9, RBC Capital analyst Logan Reich maintained an Outperform rating on Restaurant Brands with a price target of $82, up from $77. The investment firm sees QSR as a ‘top idea’ among international franchised fast food names. The analyst told investors that Restaurant Brands was one of its best picks because improving momentum at Burger King US, further development, smarter growth-focused investments, and lower leverage are supporting the stock’s momentum.
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Earlier, on December 2, analysts from Argus Research upgraded Restaurant Brands International Inc. (NYSE:QSR) to Buy from Hold with an $85 price target, according to TheFly. The analysts cited the company’s strong brands and its better-priced menus amid an inflationary environment as supporting earnings.
Separately, on November 10, the company announced it had entered into a joint venture with CPE, a Chinese alternative asset manager, to accelerate Burger King’s growth in China. This collaboration aims to expand the brand’s market presence to more than 4,000 outlets by 2035, up from its existing network of roughly 1,250.
Restaurant Brands International Inc. (NYSE:QSR) is a global fast food company that owns and franchises several food and coffee chains, including Tim Hortons, Burger King, Popeyes, and Firehouse Subs.
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