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Restaurant Brands (QSR) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

QSR Stock Forecast

Restaurant Brands stock forecast is as follows: an average price target of $83.00 (represents a 24.31% upside from QSR’s last price of $66.77) and a rating consensus of 'Buy', based on 24 wall street analysts offering a 1-year stock forecast.

QSR Price Target

The average price target for Restaurant Brands (QSR) is $83.00 based on 1-year price targets from 24 Wall Street analysts in the past 3 months, with a price target range of $95.00 to $74.00. This represents a potential 24.31% upside from QSR's last price of $66.77.

QSR Analyst Ratings

Buy

According to 24 Wall Street analysts, Restaurant Brands's rating consensus is 'Buy'. The analyst rating breakdown for QSR stock is 0 'Strong Buy' (0.00%), 17 'Buy' (70.83%), 7 'Hold' (29.17%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Restaurant Brands Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 06, 2024Eric GonzalezKeyBanc$78.00$68.5713.75%16.82%
Sep 12, 2024Christopher CarrilRBC Capital$95.00$68.9137.86%42.28%
Sep 09, 2024Gregory FrancfortGuggenheim$74.00$67.419.78%10.83%
Aug 19, 2024Jake BartlettTruist Financial$86.00$70.8121.45%28.80%
Aug 12, 2024Brian MullanPiper Sandler$75.00$70.516.37%12.33%
Jul 09, 2024Jake BartlettTruist Financial$87.00$70.0324.23%30.30%
Jun 27, 2024Eric GonzalezKeyBanc$80.00$69.3315.39%19.81%
Jun 26, 2024Dennis GeigerUBS$90.00$69.3329.81%34.79%
Jun 13, 2024Christine ChoGoldman Sachs$80.00$68.8716.16%19.81%
May 02, 2024Lauren SilbermanDeutsche Bank$90.00$73.2222.92%34.79%
May 01, 2024Alton StumpLoop Capital Markets$93.00$73.1427.15%39.28%
Apr 29, 2024George DoumetScotiabank$81.00$73.979.50%21.31%
Aug 28, 2023Brian BittnerOppenheimer$83.00$67.6922.62%24.31%
Feb 15, 2023Brian HarbourMorgan Stanley$74.00$66.0811.99%10.83%
Feb 10, 2023Brian BittnerOppenheimer$81.00$67.1520.63%21.31%
Feb 07, 2023Citigroup$72.00$67.876.09%7.83%
Jan 05, 2023Barclays$80.00$64.6923.66%19.81%
Nov 22, 2022RBC Capital$80.00$68.1717.35%19.81%
Jul 18, 2022Morgan Stanley$52.00$52.28-0.55%-22.12%
May 05, 2022Morgan Stanley$56.00$52.975.72%-16.13%
May 04, 2022RBC Capital$68.00$55.1623.28%1.84%
May 04, 2022Stifel Nicolaus$58.00$55.165.15%-13.13%
Feb 10, 2022Dennis GeigerUBS$61.27$56.997.51%-8.23%
Jan 11, 2022Sara SenatoreBank of America Securities$64.00$58.968.55%-4.15%
Jan 03, 2022Nicole Miller ReganPiper Sandler$47.74$59.57-19.85%-28.49%
Dec 23, 2021Alton StumpLoop Capital Markets$47.74$58.76-18.75%-28.49%
Nov 16, 2021Lauren SilbermanCredit Suisse$73.00$56.4829.25%9.33%
Nov 16, 2021Gregory FrancfortGuggenheim$63.00$56.4811.54%-5.65%
Oct 26, 2021Brian BittnerOppenheimer$76.00$56.5734.35%13.82%
Oct 25, 2021Peter SklarBMO Capital$63.00$57.769.07%-5.65%
Oct 25, 2021Jon TowerWells Fargo$77.00$57.7633.31%15.32%
Jul 19, 2021Jared GarberGoldman Sachs$59.00$59.86-1.44%-11.64%

The latest Restaurant Brands stock forecast, released on Nov 06, 2024 by Eric Gonzalez from KeyBanc, set a price target of $78.00, which represents a 13.75% increase from the stock price at the time of the forecast ($68.57), and a 16.82% increase from QSR last price ($66.77).

Restaurant Brands Price Target by Period

1M3M12M
# Anlaysts-112
Avg Price Target-$78.00$84.08
Last Closing Price$66.77$66.77$66.77
Upside/Downside-100.00%16.82%25.92%

In the current month, the average price target of Restaurant Brands stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Restaurant Brands's last price of $66.77. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Sep 12, 2024RBC CapitalOutperformOutperformHold
Sep 09, 2024GuggenheimNeutralNeutralHold
Aug 12, 2024Piper SandlerNeutralNeutralHold
Aug 09, 2024CIBCOutperformOutperformHold
Aug 08, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Aug 08, 2024Cowen & Co.BuyBuyHold
Jun 27, 2024KeyBancOverweightOverweightHold
Jun 26, 2024UBSBuyBuyHold
Jun 13, 2024Goldman SachsNeutralBuyInitialise
Jun 05, 2024Cowen & Co.BuyBuyHold
May 02, 2024Deutsche BankBuyBuyHold
May 01, 2024Loop Capital MarketsBuyBuyHold
May 01, 2024Cowen & Co.BuyBuyHold
May 01, 2024BarclaysOverweightOverweightHold
Apr 29, 2024ScotiabankOutperformOutperformHold
Apr 29, 2024ScotiabankSector OutperformSector OutperformHold
Apr 16, 2024CitigroupNeutralNeutralHold
Feb 14, 2024BMO CapitalOutperformOutperformHold
Nov 30, 2023BernsteinMarket PerformOutperformUpgrade
Nov 06, 2023RBC CapitalOutperformOutperformHold
Nov 06, 2023NeedhamOverweightOverweightHold
Sep 29, 2023Loop Capital MarketsBuyUpgrade
Aug 28, 2023OppenheimerOutperformOutperformHold
Aug 22, 2023MacquarieNeutralDowngrade
Aug 22, 2023Northcoast ResearchBuyUpgrade
Aug 22, 2023Raymond JamesOutperformUpgrade
Aug 22, 2023RBC CapitalOutperformUpgrade
Aug 09, 2023Cowen & Co.OutperformOutperformHold
May 31, 2023Cowen & Co.OutperformOutperformHold
Mar 31, 2023Cowen & Co.OutperformUpgrade
Feb 16, 2023KeyBancOverweightUpgrade
Feb 15, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Feb 10, 2023OppenheimerOutperformOutperformHold
Feb 07, 2023CitigroupNeutralNeutralHold
Jan 05, 2023BarclaysOverweightOverweightHold
Nov 04, 2022Goldman SachsBuyNeutralUpgrade
Oct 10, 2022Goldman SachsBuyUpgrade
Oct 10, 2022BarclaysEqual-WeightDowngrade
Oct 10, 2022OTR GlobalPositiveUpgrade
Sep 07, 2022BernsteinMarket PerformInitialise
Aug 05, 2022Deutsche BankBuyBuyHold
Jul 18, 2022Morgan StanleyUnderweightUnderweightHold
May 18, 2022J.P. MorganHoldHoldHold
Apr 26, 2022Robert W. BairdHoldHoldHold
Apr 26, 2022Piper SandlerNeutralHoldDowngrade
Apr 26, 2022Morgan StanleySellSellHold
Apr 25, 2022OppenheimerBuyBuyHold
Jan 03, 2022Piper SandlerNeutralDowngrade

Restaurant Brands's last stock rating was published by RBC Capital on Sep 12, 2024. The company gave QSR a "Outperform" rating, the same as its previous rate.

Restaurant Brands Financial Forecast

Restaurant Brands Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$1.82B$1.84B-$1.59B$1.69B$1.73B$1.64B$1.45B$1.55B$1.50B$1.44B$1.26B$1.36B$1.34B$1.05B$1.23B$1.48B$1.46B
Avg Forecast$2.45B$2.44B$2.42B$2.22B$2.33B$2.35B$2.30B$2.15B$2.25B$2.39B$2.11B$1.71B$1.83B$1.87B$1.76B$1.56B$1.67B$1.63B$1.57B$1.43B$1.52B$1.51B$1.37B$1.25B$1.36B$1.32B$1.04B$1.21B$1.48B$1.46B
High Forecast$2.50B$2.50B$2.47B$2.27B$2.38B$2.40B$2.35B$2.19B$2.28B$2.44B$2.15B$1.74B$1.86B$1.93B$1.79B$1.59B$1.70B$1.63B$1.57B$1.43B$1.52B$1.51B$1.37B$1.25B$1.36B$1.32B$1.04B$1.21B$1.48B$1.46B
Low Forecast$2.35B$2.34B$2.32B$2.13B$2.24B$2.25B$2.21B$2.04B$2.18B$2.29B$2.02B$1.64B$1.82B$1.81B$1.68B$1.50B$1.60B$1.63B$1.57B$1.43B$1.52B$1.51B$1.37B$1.25B$1.36B$1.32B$1.04B$1.21B$1.48B$1.46B
# Analysts107558541114999101689127781388913889127
Surprise %------------0.99%0.98%-1.02%1.01%1.06%1.04%1.01%1.02%0.99%1.05%1.01%1.00%1.02%1.01%1.01%1.00%1.00%

Restaurant Brands's average Quarter revenue forecast for Mar 24 based on 9 analysts is $1.71B, with a low forecast of $1.64B, and a high forecast of $1.74B. QSR's average Quarter revenue forecast represents a -6.22% decrease compared to the company's last Quarter revenue of $1.82B (Dec 23).

Restaurant Brands EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts107558541114999101689127781388913889127
EBITDA------------$468.00M$582.00M-$524.00M$482.00M$588.00M$563.00M$485.00M$378.00M$458.00M$401.00M$393.00M$271.00M$381.00M$227.00M$353.00M$445.00M$462.00M
Avg Forecast$873.25M$871.21M$862.76M$792.11M$832.26M$837.60M$820.56M$765.74M$800.46M$850.41M$750.65M$482.27M$653.49M$667.91M$625.83M$438.43M$27.39M$582.95M$560.20M$398.57M$540.99M$538.37M$490.08M$353.70M$486.08M$470.03M$371.24M$373.76M$529.92M$521.35M
High Forecast$891.62M$889.53M$880.91M$808.77M$849.76M$855.22M$837.82M$779.66M$814.33M$868.30M$766.44M$578.73M$664.38M$688.11M$639.00M$526.11M$32.87M$582.95M$560.20M$478.29M$540.99M$538.37M$490.08M$424.44M$486.08M$470.03M$371.24M$448.52M$529.92M$521.35M
Low Forecast$837.04M$835.08M$826.98M$759.26M$797.75M$802.87M$786.53M$727.46M$776.21M$815.14M$719.52M$385.82M$649.86M$645.76M$599.88M$350.74M$21.91M$582.95M$560.20M$318.86M$540.99M$538.37M$490.08M$282.96M$486.08M$470.03M$371.24M$299.01M$529.92M$521.35M
Surprise %------------0.72%0.87%-1.20%17.60%1.01%1.01%1.22%0.70%0.85%0.82%1.11%0.56%0.81%0.61%0.94%0.84%0.89%

9 analysts predict QSR's average Quarter EBITDA for Mar 24 to be $482.27M, with a high of $578.73M and a low of $385.82M. This is 3.05% upper than Restaurant Brands's previous annual EBITDA (Dec 23) of $468.00M.

Restaurant Brands Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts107558541114999101689127781388913889127
Net Income------------$508.00M$252.00M-$277.00M$336.00M$530.00M$346.00M$270.00M$262.00M$221.00M$259.00M$179.00M$91.00M$145.00M$106.00M$144.00M$165.00M$201.00M
Avg Forecast$456.84M$485.45M$476.44M$399.29M$421.24M$454.10M$439.00M$368.89M$352.25M$437.47M$392.70M$217.92M$338.48M$388.03M$349.21M$198.10M$-1.82M$355.49M$332.57M$180.10M$313.86M$328.25M$278.72M$161.10M$297.42M$283.75M$135.02M$152.47M$335.10M$326.04M
High Forecast$469.34M$498.72M$489.47M$410.21M$432.76M$466.52M$451.00M$377.89M$383.08M$442.10M$393.44M$261.50M$357.03M$401.57M$358.76M$237.73M$-1.46M$355.49M$332.57M$216.11M$313.86M$328.25M$278.72M$193.32M$297.42M$283.75M$135.02M$182.96M$335.10M$326.04M
Low Forecast$432.21M$459.28M$450.76M$377.76M$398.53M$429.62M$415.33M$359.89M$334.64M$432.84M$391.97M$174.33M$329.21M$365.47M$330.38M$158.48M$-2.18M$355.49M$332.57M$144.08M$313.86M$328.25M$278.72M$128.88M$297.42M$283.75M$135.02M$121.98M$335.10M$326.04M
Surprise %------------1.50%0.65%-1.40%-184.55%1.49%1.04%1.50%0.83%0.67%0.93%1.11%0.31%0.51%0.79%0.94%0.49%0.62%

Restaurant Brands's average Quarter net income forecast for Mar 24 is $217.92M, with a range of $174.33M to $261.50M. QSR's average Quarter net income forecast represents a -57.10% decrease compared to the company's last Quarter net income of $508.00M (Dec 23).

Restaurant Brands SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts107558541114999101689127781388913889127
SG&A------------$197.00M$169.00M-$145.00M$148.00M$135.00M$129.00M$124.00M$170.00M$114.00M$104.00M$100.00M$332.00M$294.00M$284.00M$319.00M$302.00M$310.00M
Avg Forecast$351.13M$350.31M$346.92M$318.51M$334.65M$336.80M$329.95M$307.91M$321.87M$341.95M$301.84M$147.66M$262.77M$268.57M$251.65M$134.23M$67.14M$293.21M$281.77M$122.03M$272.11M$270.79M$246.50M$90.00M$244.49M$236.42M$186.73M$336.71M$266.54M$262.23M
High Forecast$358.52M$357.68M$354.21M$325.21M$341.69M$343.88M$336.89M$313.50M$327.44M$349.14M$308.19M$177.19M$267.15M$276.69M$256.94M$161.08M$80.57M$293.21M$281.77M$146.44M$272.11M$270.79M$246.50M$108.00M$244.49M$236.42M$186.73M$404.05M$266.54M$262.23M
Low Forecast$336.57M$335.79M$332.53M$305.30M$320.77M$322.83M$316.26M$292.51M$312.11M$327.77M$289.32M$118.13M$261.31M$259.66M$241.21M$107.39M$53.71M$293.21M$281.77M$97.63M$272.11M$270.79M$246.50M$72.00M$244.49M$236.42M$186.73M$269.36M$266.54M$262.23M
Surprise %------------0.75%0.63%-1.08%2.20%0.46%0.46%1.02%0.62%0.42%0.42%1.11%1.36%1.24%1.52%0.95%1.13%1.18%

Restaurant Brands's average Quarter SG&A projection for Mar 24 is $147.66M, based on 9 Wall Street analysts, with a range of $118.13M to $177.19M. The forecast indicates a -25.05% fall compared to QSR last annual SG&A of $197.00M (Dec 23).

Restaurant Brands EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts107558541114999101689127781388913889127
EPS------------$1.62$0.80-$0.90$1.10$1.73$1.12$0.87$0.84$0.71$0.84$0.59$0.30$0.48$0.35$0.48$0.55$0.76
Avg Forecast$1.01$1.07$1.05$0.88$0.93$1.00$0.97$0.81$0.78$0.96$0.86$0.73$0.75$0.85$0.77$0.64$0.73$0.78$0.73$0.63$0.69$0.72$0.62$0.50$0.66$0.63$0.30$0.50$0.74$0.72
High Forecast$1.03$1.10$1.08$0.90$0.95$1.03$0.99$0.83$0.84$0.97$0.87$0.73$0.79$0.88$0.79$0.65$0.75$0.78$0.73$0.63$0.69$0.72$0.62$0.50$0.66$0.63$0.30$0.50$0.74$0.72
Low Forecast$0.95$1.01$0.99$0.83$0.88$0.95$0.91$0.79$0.74$0.95$0.86$0.72$0.73$0.81$0.73$0.60$0.69$0.78$0.73$0.63$0.69$0.72$0.62$0.50$0.66$0.63$0.30$0.50$0.74$0.72
Surprise %------------2.17%0.94%-1.42%1.50%2.20%1.53%1.38%1.21%0.98%1.37%1.19%0.46%0.77%1.17%0.97%0.74%1.06%

According to 9 Wall Street analysts, Restaurant Brands's projected average Quarter EPS for Mar 24 is $0.73, with a low estimate of $0.72 and a high estimate of $0.73. This represents a -55.13% decrease compared to QSR previous annual EPS of $1.62 (Dec 23).

Restaurant Brands Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
JACKJack in the Box$42.85$61.3343.13%Buy
WINGWingstop$295.84$419.0041.63%Buy
DINDine Brands Global$30.92$43.2539.88%Buy
PZZAPapa John's$41.96$58.5039.42%Buy
QSRRestaurant Brands$67.48$83.0023.00%Buy
DRIDarden Restaurants$165.46$189.2114.35%Buy
WENWendy's Company$17.06$19.2212.66%Buy
DPZDomino's Pizza$446.74$488.719.39%Buy
YUMYum! Brands$134.73$145.868.26%Buy
YUMCYum China$49.68$50.301.25%Buy
CMGChipotle Mexican Grill$64.29$63.81-0.75%Buy
EATBrinker$133.77$100.50-24.87%Hold

QSR Forecast FAQ

Is Restaurant Brands a good buy?

Yes, according to 24 Wall Street analysts, Restaurant Brands (QSR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 17 'Buy' recommendations, accounting for 70.83% of QSR's total ratings.

What is QSR's price target?

Restaurant Brands (QSR) average price target is $83 with a range of $74 to $95, implying a 24.31% from its last price of $66.77. The data is based on 24 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Restaurant Brands stock go up soon?

According to Wall Street analysts' prediction for QSR stock, the company can go up by 24.31% (from the last price of $66.77 to the average price target of $83), up by 42.28% based on the highest stock price target, and up by 10.83% based on the lowest stock price target.

Can Restaurant Brands stock reach $100?

QSR's average twelve months analyst stock price target of $83 does not support the claim that Restaurant Brands can reach $100 in the near future.

What are Restaurant Brands's analysts' financial forecasts?

Restaurant Brands's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $9.14B (high $9.32B, low $8.74B), average EBITDA is $3.26B (high $3.32B, low $3.11B), average net income is $1.68B (high $1.73B, low $1.6B), average SG&A $1.31B (high $1.34B, low $1.25B), and average EPS is $3.71 (high $3.81, low $3.53). QSR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $9.54B (high $9.74B, low $9.14B), average EBITDA is $3.4B (high $3.47B, low $3.26B), average net income is $1.82B (high $1.87B, low $1.72B), average SG&A $1.37B (high $1.4B, low $1.31B), and average EPS is $4 (high $4.11, low $3.79).

Did the QSR's actual financial results beat the analysts' financial forecasts?

Based on Restaurant Brands's last annual report (Dec 2023), the company's revenue was $7.02B, which missed the average analysts forecast of $7.02B by -0.03%. Apple's EBITDA was $2.05B, missing the average prediction of $2.39B by -14.03%. The company's net income was $1.19B, missing the average estimation of $1.27B by -6.58%. Apple's SG&A was $704M, missing the average forecast of $917.22M by -23.25%. Lastly, the company's EPS was $3.81, beating the average prediction of $3 by 26.79%. In terms of the last quarterly report (Dec 2023), Restaurant Brands's revenue was $1.82B, missing the average analysts' forecast of $1.83B by -0.73%. The company's EBITDA was $468M, missing the average prediction of $653.49M by -28.38%. Restaurant Brands's net income was $508M, beating the average estimation of $338.48M by 50.08%. The company's SG&A was $197M, missing the average forecast of $262.77M by -25.03%. Lastly, the company's EPS was $1.62, beating the average prediction of $0.746 by 117.29%