Argus Research analyst John Staszak maintains $Restaurant Brands International (QSR.US)$ with a buy rating, and adjusts the target price from $85 to $80.
According to TipRanks data, the analyst has a success rate of 59.8% and a total average return of 8.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Restaurant Brands International (QSR.US)$'s main analysts recently are as follows:
Restaurant Brands' performance in Q3 did not meet expectations, showing weaker comparable sales than anticipated in all segments. Despite this, there was a noticeable acceleration in comparable sales during October.
The company exhibited a mixed financial performance, with a notable uptick in business during October, as overall comparable sales reflected low single-digit growth. The third quarter did not meet expectations with comparable sales falling short across all segments, leading to a revenue shortfall of 2.5%. Nonetheless, the company has shown a consistent ability to handle expenses amidst difficult economic conditions, potentially providing investors with some assurance of earnings stability in the coming year.
The company's third-quarter results generally fell short of the consensus projections due to macroeconomic and competitive hurdles encountered in that timeframe. Following a third-quarter performance that didn't meet expectations, the company adjusted its annual projections for systemwide sales growth to between 5% and 5.5%, and for unit growth to 3.5%. Nonetheless, the company maintains its projection of over 8% growth in adjusted operating income and has reiterated its five-year forecast, which anticipates an average of more than 8% systemwide sales expansion and a 5% increase in units through 2028.
Note:
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