RBC Raises Target Price for Restaurant Brands International to $90
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2024
0mins
Should l Buy QSR?
Restaurant Brands International Inc. saw its stock rise by 3.00% and reach a 52-week high amid broader market weakness, with the Nasdaq-100 down 0.58% and the S&P 500 down 0.43%.
The increase in stock price follows RBC's announcement of raising the target price for Restaurant Brands International from $83 to $90, reflecting a positive outlook on the company's performance and potential growth in the restaurant sector. This adjustment indicates confidence in the company's ability to navigate challenges and capitalize on opportunities in a competitive market.
The implications of RBC's target price increase suggest that investors are optimistic about Restaurant Brands International's future, potentially leading to increased interest and investment in the stock as it continues to perform well despite the overall market conditions.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy QSR?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on QSR
Wall Street analysts forecast QSR stock price to rise
15 Analyst Rating
10 Buy
4 Hold
1 Sell
Moderate Buy
Current: 78.200
Low
64.00
Averages
78.53
High
86.00
Current: 78.200
Low
64.00
Averages
78.53
High
86.00
About QSR
Restaurant Brands International Inc. is a quick-service restaurant company. It franchises and operates quick-service restaurants serving coffee and other beverage and food products. Its segments include Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), Firehouse Subs (FHS), International (INTL) and Restaurant Holdings. Tim Hortons is a coffee and baked goods restaurant chain in North America. Tim Hortons restaurants also serve a variety of hot and cold specialty beverages alongside breakfast, lunch and dinner offerings, including sandwiches, wraps, flatbread pizzas, and more. Burger King is a quick-service hamburger restaurant chain and is Home of the Whopper. Burger King restaurants feature flame-grilled hamburgers, chicken and other specialty sandwiches. Popeyes is a quick-service chicken concept, and delivers guests a Louisiana-style menu featuring fried bone-in chicken, chicken sandwiches, chicken tenders, wings, fried shrimp and regional items.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
McDonald's: The Standout Restaurant Stock
- Strong Financial Performance: McDonald's generated $8.6 billion in profit on $26.9 billion in revenue last year, achieving a net margin of 32%, significantly outperforming competitors like Restaurant Brands International, which reported only 8%.
- Brand Stability: By focusing solely on its brand and avoiding acquisitions, McDonald's allows investors to avoid concerns about other business units, ensuring a high-quality investment and maintaining its industry leadership.
- Consistent Dividend Growth: The company announced a 5% dividend increase last year, marking the 49th consecutive year of payout growth, and is set to reach the 50-year milestone this year, qualifying it as a Dividend King and providing reliable income for long-term investors.
- Attractive Dividend Yield: With a current yield of 2.5%, which is more than double the S&P 500's average of 1.1%, McDonald's offers a compelling investment opportunity for those seeking stable income alongside potential growth over the long term.
See More
Jersey Mike's IPO Plans Generate Investor Interest
- IPO Overview: Jersey Mike's confidentially filed for an IPO on April 20, 2026, targeting an estimated valuation of $12 billion, reflecting a high price-to-sales ratio of 38.7, significantly above the restaurant industry's average of 2.5, indicating strong market confidence in its growth potential.
- Market Reaction: Wall Street is eagerly anticipating Jersey Mike's IPO due to the success of other fast-casual chains, particularly since its CEO previously guided Wingstop through a successful 2015 IPO that yielded nearly 6x returns, further boosting investor confidence.
- Expansion Plans: Currently operating 3,326 locations in the U.S., Jersey Mike's plans to open nearly 300 new restaurants soon and aims to establish 300 new locations in Canada through a partnership with Redberry Restaurants, showcasing its robust market expansion strategy.
- Investment Opportunity: With Blackstone acquiring a majority stake in Jersey Mike's for around $8 billion in 2024, investors can indirectly invest in Jersey Mike's by purchasing Blackstone shares, which are currently available at a discount due to recent stock price declines driven by market concerns.
See More
Jersey Mike's Plans IPO with $12 Billion Valuation Target
- IPO Filing: Jersey Mike's confidentially filed for an initial public offering (IPO) on April 20, 2026, with plans to potentially go public in Q3 2026, indicating strong market confidence despite lacking financial disclosures.
- Valuation Insights: The company targets an initial valuation of approximately $12 billion, reflecting a high price-to-sales ratio of 38.7 based on projected 2025 revenue of $309.8 million, significantly above the restaurant industry's average of 2.5, highlighting investor optimism about future growth.
- Expansion Strategy: Currently operating 3,326 locations in the U.S., Jersey Mike's plans to open nearly 300 new restaurants and aims for international growth with 300 new locations in Canada through a partnership with Redberry Restaurants, showcasing its ambitious expansion strategy.
- Investor Watch: Investors are keenly awaiting the submission of Jersey Mike's S-1 filing, which will provide crucial financial details and the anticipated IPO share price range, determining its competitiveness in the 2026 IPO landscape.
See More
Stocks Set for Higher Open as Tech Stocks Surge on Intel Earnings
- Tech Stock Surge: Intel shares soared 25% this morning under CEO Lip Bu Tan's leadership, demonstrating a robust recovery over the past 13 months, which is likely to enhance investor confidence and attract further investments.
- Market Dynamics: With oil prices and bond yields declining, optimism surrounding potential peace talks between the U.S. and Iran has emerged, while President Trump announced an extension of the ceasefire between Israel and Lebanon, contributing to a positive market sentiment that may drive stock prices higher.
- Procter & Gamble's Strong Performance: Procter & Gamble reported better-than-expected quarterly earnings and revenue, with volume growth for the first time in a year, particularly in beauty products, leading to a more than 3% increase in stock price, indicating a recovery in consumer demand and the effectiveness of the company's strategic initiatives.
- Analyst Rating Adjustments: Barclays cut Honeywell's price target from $255 to $243, citing the need for improvement in its aerospace division to regain investor trust, while Dover's price target was raised to $230 due to strong Q1 results, reflecting market confidence in its future growth prospects.
See More
Jersey Mike's Plans Initial Public Offering
- IPO Filing: Sandwich chain Jersey Mike's disclosed this week that it has confidentially filed for an initial public offering, marking the first step toward going public and likely attracting investor interest.
- Market Position: With over 3,000 locations, Jersey Mike's is the second-largest submarine sandwich chain in the U.S., following Subway, highlighting its significance in a competitive market.
- Financial Performance: In 2025, Jersey Mike's reported revenue of $309.8 million, a 10.6% increase year-over-year, but net income fell to $183.6 million, down 23.1%, indicating challenges in profitability.
- CEO Background: New CEO Charlie Morrison, who previously led Wingstop and successfully took it public in 2015, is expected to replicate that success for Jersey Mike's IPO, raising investor expectations.
See More
Jersey Mike's Confidentially Files for IPO Amid Strong Market Position
- IPO Process Initiated: Jersey Mike's has confidentially filed for an initial public offering (IPO) this week, marking a significant step towards going public, which is expected to attract investor interest in its performance within the competitive sandwich market.
- Strong Market Position: As the second-largest submarine sandwich chain in the U.S., Jersey Mike's boasts over 3,000 locations nationwide, maintaining robust brand influence and market share despite competition from rivals like Subway.
- Financial Performance Analysis: In 2025, Jersey Mike's reported revenue of $309.8 million, a 10.6% increase year-over-year, yet its net income fell to $183.6 million, down 23.1%, indicating challenges in profitability amid rapid expansion.
- Management Changes Impact: Following Blackstone's acquisition of a majority stake in Jersey Mike's last year, former Wingstop CEO Charlie Morrison has been appointed to lead the company, with investors hoping he can replicate the successful IPO magic he achieved with Wingstop to enhance Jersey Mike's market value.
See More
McDonald's: The Standout Restaurant Stock
- Strong Financial Performance: McDonald's generated $8.6 billion in profit on $26.9 billion in revenue last year, achieving a net margin of 32%, significantly outperforming competitors like Restaurant Brands International, which reported only 8%.
- Brand Stability: By focusing solely on its brand and avoiding acquisitions, McDonald's allows investors to avoid concerns about other business units, ensuring a high-quality investment and maintaining its industry leadership.
- Consistent Dividend Growth: The company announced a 5% dividend increase last year, marking the 49th consecutive year of payout growth, and is set to reach the 50-year milestone this year, qualifying it as a Dividend King and providing reliable income for long-term investors.
- Attractive Dividend Yield: With a current yield of 2.5%, which is more than double the S&P 500's average of 1.1%, McDonald's offers a compelling investment opportunity for those seeking stable income alongside potential growth over the long term.
See More
Jersey Mike's IPO Plans Generate Investor Interest
- IPO Overview: Jersey Mike's confidentially filed for an IPO on April 20, 2026, targeting an estimated valuation of $12 billion, reflecting a high price-to-sales ratio of 38.7, significantly above the restaurant industry's average of 2.5, indicating strong market confidence in its growth potential.
- Market Reaction: Wall Street is eagerly anticipating Jersey Mike's IPO due to the success of other fast-casual chains, particularly since its CEO previously guided Wingstop through a successful 2015 IPO that yielded nearly 6x returns, further boosting investor confidence.
- Expansion Plans: Currently operating 3,326 locations in the U.S., Jersey Mike's plans to open nearly 300 new restaurants soon and aims to establish 300 new locations in Canada through a partnership with Redberry Restaurants, showcasing its robust market expansion strategy.
- Investment Opportunity: With Blackstone acquiring a majority stake in Jersey Mike's for around $8 billion in 2024, investors can indirectly invest in Jersey Mike's by purchasing Blackstone shares, which are currently available at a discount due to recent stock price declines driven by market concerns.
See More
Jersey Mike's Plans IPO with $12 Billion Valuation Target
- IPO Filing: Jersey Mike's confidentially filed for an initial public offering (IPO) on April 20, 2026, with plans to potentially go public in Q3 2026, indicating strong market confidence despite lacking financial disclosures.
- Valuation Insights: The company targets an initial valuation of approximately $12 billion, reflecting a high price-to-sales ratio of 38.7 based on projected 2025 revenue of $309.8 million, significantly above the restaurant industry's average of 2.5, highlighting investor optimism about future growth.
- Expansion Strategy: Currently operating 3,326 locations in the U.S., Jersey Mike's plans to open nearly 300 new restaurants and aims for international growth with 300 new locations in Canada through a partnership with Redberry Restaurants, showcasing its ambitious expansion strategy.
- Investor Watch: Investors are keenly awaiting the submission of Jersey Mike's S-1 filing, which will provide crucial financial details and the anticipated IPO share price range, determining its competitiveness in the 2026 IPO landscape.
See More
Stocks Set for Higher Open as Tech Stocks Surge on Intel Earnings
- Tech Stock Surge: Intel shares soared 25% this morning under CEO Lip Bu Tan's leadership, demonstrating a robust recovery over the past 13 months, which is likely to enhance investor confidence and attract further investments.
- Market Dynamics: With oil prices and bond yields declining, optimism surrounding potential peace talks between the U.S. and Iran has emerged, while President Trump announced an extension of the ceasefire between Israel and Lebanon, contributing to a positive market sentiment that may drive stock prices higher.
- Procter & Gamble's Strong Performance: Procter & Gamble reported better-than-expected quarterly earnings and revenue, with volume growth for the first time in a year, particularly in beauty products, leading to a more than 3% increase in stock price, indicating a recovery in consumer demand and the effectiveness of the company's strategic initiatives.
- Analyst Rating Adjustments: Barclays cut Honeywell's price target from $255 to $243, citing the need for improvement in its aerospace division to regain investor trust, while Dover's price target was raised to $230 due to strong Q1 results, reflecting market confidence in its future growth prospects.
See More
Jersey Mike's Plans Initial Public Offering
- IPO Filing: Sandwich chain Jersey Mike's disclosed this week that it has confidentially filed for an initial public offering, marking the first step toward going public and likely attracting investor interest.
- Market Position: With over 3,000 locations, Jersey Mike's is the second-largest submarine sandwich chain in the U.S., following Subway, highlighting its significance in a competitive market.
- Financial Performance: In 2025, Jersey Mike's reported revenue of $309.8 million, a 10.6% increase year-over-year, but net income fell to $183.6 million, down 23.1%, indicating challenges in profitability.
- CEO Background: New CEO Charlie Morrison, who previously led Wingstop and successfully took it public in 2015, is expected to replicate that success for Jersey Mike's IPO, raising investor expectations.
See More
Jersey Mike's Confidentially Files for IPO Amid Strong Market Position
- IPO Process Initiated: Jersey Mike's has confidentially filed for an initial public offering (IPO) this week, marking a significant step towards going public, which is expected to attract investor interest in its performance within the competitive sandwich market.
- Strong Market Position: As the second-largest submarine sandwich chain in the U.S., Jersey Mike's boasts over 3,000 locations nationwide, maintaining robust brand influence and market share despite competition from rivals like Subway.
- Financial Performance Analysis: In 2025, Jersey Mike's reported revenue of $309.8 million, a 10.6% increase year-over-year, yet its net income fell to $183.6 million, down 23.1%, indicating challenges in profitability amid rapid expansion.
- Management Changes Impact: Following Blackstone's acquisition of a majority stake in Jersey Mike's last year, former Wingstop CEO Charlie Morrison has been appointed to lead the company, with investors hoping he can replicate the successful IPO magic he achieved with Wingstop to enhance Jersey Mike's market value.
See More
