Lower appetite for Burger King, staff crunch hit Restaurant Brands' sales

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Restaurant Brands International (QSR) PT Lowered to $76 at Oppenheimer

October 26, 2021 8:35 AM EDT

Oppenheimer analyst Brian Bittner lowered the price target on Restaurant Brands International (NYSE: QSR) to $76.00 (from $80.00) while maintaining a Outperform rating.

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Burger King Owner Restaurant Brands (QSR) Misses on Revenue and Same Store Estimates, Shares Fall

October 25, 2021 10:01 AM EDT

Shares of Restaurant Brands International (NYSE: QSR) are down 4% today after the company reported disappointing Q3 results.

Restaurant Brands reported Q3 EPS of $0.76 to top the analyst estimate of $0.74. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.52 billion.

"Our results this quarter reflect the value of having a diversified business model across three brands and in over 100 countries.... More