Why I’m rrrolling more of my dividends into this stock GlobeInvestor
. The current Roll Up The Rim campaign, for example, has a refreshing energy and humour that was lacking in some of the chain’s previous advertising.
Another reason I like Restaurant Brands is that the company is expanding all three of its fast-food banners at a healthy pace. In 2018, the number of Tims restaurants grew by 2.1 per cent, Burger King’s store count rose by 6.1 per cent and Popeyes’ jumped 7.3 per cent. Under new chief executive Jose Cil – who oversaw impressive growth as president of Burger King – Restaurant Brands’ global expansion could even accelerate.Mr.
“This event could elevate conviction that QSR has tools for best-in-class growth amongst the group,” Oppenheimer analyst Brian Bittner said in a note in which he reiterated an “outperform” rating on the stock, which trades on the New York and Toronto stock exchanges, and raised his price target to US$75 from US$65. The shares, which yield about 3.2 per cent, closed on Tuesday at US$62.38 on the NYSE and $83.29 on the TSX.
Other analysts are also bullish on the stock, which has 10 buy or equivalent ratings, four holds and no sells, according to Refinitiv. The average 12-month price target is US$73.88. I don’t know if I’ll win anything the next time I roll up the rim, but over the long run, I believe Restaurant Brands’ stock will be a winner.
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