Burger King® Company Completes Acquisition of Carrols Restaurant Group
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
- Acquisition of Carrols Restaurant Group: Restaurant Brands International Inc. has completed the acquisition of all shares of Carrols Restaurant Group for $1.0 billion.
- Strategic Investment Plan: RBI plans to invest $500 million to renovate over 600 Carrols restaurants and then sell them to new or existing franchise operators in the next seven years.
- Financial Agreement Amendment: RBI's subsidiaries have increased their term loan B facility by $700 million to fund the acquisition of Carrols.
- Carrols Restaurant Group Profile: Carrols is a major restaurant franchisee in North America, operating Burger King and Popeyes restaurants across multiple states.
- About Restaurant Brands International: RBI is a global quick-service restaurant company with brands like Tim Hortons, Burger King, Popeyes, and Firehouse Subs, focusing on sustainability and community impact.
Analyst Views on QSR
Wall Street analysts forecast QSR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QSR is 76.71 USD with a low forecast of 65.00 USD and a high forecast of 86.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
8 Buy
7 Hold
1 Sell
Moderate Buy
Current: 69.530
Low
65.00
Averages
76.71
High
86.00
Current: 69.530
Low
65.00
Averages
76.71
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.
