- Several analysts are optimistic about the growth prospects Restaurant Brands International Inc QSR And raised the price target.
- Analysts are impressed with Tim Horton’s parent company strong profit increase in the first quarter of 2023.
- The company’s first-quarter revenue rose 9.6% year over year to $1.59 billion, beating the consensus of $1.56 billion. Adjusted earnings per share of $0.75 beat analyst consensus of $0.64.
- At surpass rating, RBC capital raised price target from $81 to $84, CreditSuisse to $79 from $74 and Evercore ISI Group from $75 to $80.
- maintaining the overweight rating, Barclays raised the target price to $84 from $78 and key bank from $76 to $82.
- With a neutral rating, Baird raised the target price to $74 from $66 and Citigroup from $70 to $74.
- maintaining a purchase rating, UBS raised the target price to $82 from $75 and shop steward securities from $78 to $80.
- stalk raised the price target from $65 to $72 on a hold rating.
- Stephen & co raised the price target from $68 to $72 with an equal weight rating.
- Stephen & co Analyst Joshua Long revised estimates for Q2 2023 Adjusted EBITDA to $622 million from $620 million and adj. EPS from $0.75 to $0.74. Adjusted EBITDA estimate for FY23 is now $2.537 billion (up from $2.518 billion) and adjusted earnings per share at $3.14 (up from $3.08).
- RBC Capital analyst Christopher Carril increased estimates for 2023 revenue to $7.040 billion from $6.949 billion and adjusted earnings per share to $3.18 from $2.99 .
- price action: QSR shares trade 0.17% lower at $72.04 on last check Wednesday.
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