Restaurant Brands (QSR) Stock Forecast, Price Target & Predictions
QSR Stock Forecast
Restaurant Brands stock forecast is as follows: an average price target of $78.21 (represents a 12.68% upside from QSR’s last price of $69.41) 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 $78.21 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 $58.00. This represents a potential 12.68% upside from QSR's last price of $69.41.
QSR Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 06, 2024 | Eric Gonzalez | KeyBanc | $78.00 | $68.57 | 13.75% | 12.38% |
| Sep 12, 2024 | Christopher Carril | RBC Capital | $95.00 | $68.91 | 37.86% | 36.87% |
| Sep 09, 2024 | Gregory Francfort | Guggenheim | $74.00 | $67.41 | 9.78% | 6.61% |
| Aug 19, 2024 | Jake Bartlett | Truist Financial | $86.00 | $70.81 | 21.45% | 23.90% |
| Aug 12, 2024 | Brian Mullan | Piper Sandler | $75.00 | $70.51 | 6.37% | 8.05% |
| Jul 09, 2024 | Jake Bartlett | Truist Financial | $87.00 | $70.03 | 24.23% | 25.34% |
| Jun 27, 2024 | Eric Gonzalez | KeyBanc | $80.00 | $69.33 | 15.39% | 15.26% |
| Jun 26, 2024 | Dennis Geiger | UBS | $90.00 | $69.33 | 29.81% | 29.66% |
| Jun 13, 2024 | Christine Cho | Goldman Sachs | $80.00 | $68.87 | 16.16% | 15.26% |
| May 02, 2024 | Lauren Silberman | Deutsche Bank | $90.00 | $73.22 | 22.92% | 29.66% |
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 12.38% increase from QSR last price ($69.41).
Restaurant Brands Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 12 |
| Avg Price Target | $78.00 | $82.33 | $84.08 |
| Last Closing Price | $69.41 | $69.41 | $69.41 |
| Upside/Downside | 12.38% | 18.61% | 21.14% |
In the current month, the average price target of Restaurant Brands stock is $78.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 12.38% increase as opposed to Restaurant Brands's last price of $69.41. This month's average price target is down -5.26% compared to last quarter, and down -7.23% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 12, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Sep 09, 2024 | Guggenheim | Neutral | Neutral | Hold |
| Aug 12, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Aug 09, 2024 | CIBC | Outperform | Outperform | Hold |
| Aug 08, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Aug 08, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jun 27, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Jun 26, 2024 | UBS | Buy | Buy | Hold |
| Jun 13, 2024 | Goldman Sachs | Neutral | Buy | Initialise |
| Jun 05, 2024 | Cowen & Co. | Buy | Buy | Hold |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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 | $2.50B | $2.47B | $2.44B | $2.25B | $2.36B | $2.38B | $2.33B | $2.18B | $2.28B | $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 | $2.55B | $2.52B | $2.49B | $2.30B | $2.41B | $2.43B | $2.38B | $2.22B | $2.32B | $2.43B | $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 | $2.39B | $2.37B | $2.34B | $2.16B | $2.26B | $2.28B | $2.23B | $2.04B | $2.21B | $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 |
| # Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 14 | 9 | 9 | 9 | 10 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 8 | 8 | 9 | 12 | 7 |
| 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 14 | 9 | 9 | 9 | 10 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 8 | 8 | 9 | 12 | 7 |
| 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 | $906.16M | $896.85M | $886.11M | $817.41M | $856.73M | $863.04M | $845.02M | $789.14M | $825.08M | $865.03M | $763.56M | $482.27M | $664.73M | $679.39M | $636.59M | $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 | $924.34M | $914.83M | $903.88M | $833.80M | $873.91M | $880.34M | $861.97M | $803.48M | $839.37M | $882.38M | $778.87M | $578.73M | $675.81M | $699.94M | $649.36M | $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 | $868.14M | $859.21M | $848.93M | $783.11M | $820.78M | $826.82M | $809.56M | $738.92M | $800.08M | $828.73M | $731.52M | $385.82M | $661.04M | $656.87M | $609.88M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | 0.70% | 0.86% | - | 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 14 | 9 | 9 | 9 | 10 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 8 | 8 | 9 | 12 | 7 |
| 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 | $460.54M | $492.20M | $481.96M | $403.46M | $426.47M | $458.31M | $442.12M | $372.03M | $358.62M | $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 | $472.55M | $505.03M | $494.53M | $413.98M | $437.59M | $470.26M | $453.65M | $381.11M | $390.00M | $442.10M | $393.44M | $261.50M | $357.03M | $401.57M | $358.31M | $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 | $435.42M | $465.35M | $455.67M | $381.45M | $403.21M | $433.31M | $418.00M | $362.96M | $340.69M | $432.84M | $391.97M | $174.33M | $329.21M | $365.47M | $330.16M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 14 | 9 | 9 | 9 | 10 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 8 | 8 | 9 | 12 | 7 |
| 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 | $451.33M | $446.69M | $441.34M | $407.13M | $426.71M | $429.85M | $420.88M | $393.04M | $410.95M | $430.85M | $380.30M | $147.66M | $331.08M | $338.38M | $317.07M | $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 | $460.39M | $455.65M | $450.20M | $415.29M | $435.27M | $438.47M | $429.32M | $400.19M | $418.07M | $439.49M | $387.93M | $177.19M | $336.60M | $348.62M | $323.43M | $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 | $432.40M | $427.95M | $422.82M | $390.04M | $408.81M | $411.82M | $403.22M | $368.03M | $398.50M | $412.77M | $364.35M | $118.13M | $329.24M | $327.17M | $303.76M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | 0.60% | 0.50% | - | 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 11 | 14 | 9 | 9 | 9 | 10 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 8 | 8 | 9 | 12 | 7 |
| 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 | $1.08 | $1.06 | $0.89 | $0.94 | $1.01 | $0.97 | $0.82 | $0.79 | $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 | $1.04 | $1.11 | $1.09 | $0.91 | $0.96 | $1.04 | $1.00 | $0.84 | $0.86 | $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 | $0.96 | $1.02 | $1.00 | $0.84 | $0.89 | $0.95 | $0.92 | $0.80 | $0.75 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DIN | Dine Brands Global | $32.52 | $55.50 | 70.66% | Buy |
| PZZA | Papa John's | $47.31 | $75.00 | 58.53% | Buy |
| JACK | Jack in the Box | $45.60 | $71.75 | 57.35% | Buy |
| YUMC | Yum China | $47.38 | $64.49 | 36.11% | Buy |
| WEN | Wendy's Company | $17.92 | $22.88 | 27.68% | Buy |
| QSR | Restaurant Brands | $69.41 | $78.21 | 12.68% | Buy |
| DPZ | Domino's Pizza | $438.97 | $484.20 | 10.30% | Buy |
| DRI | Darden Restaurants | $162.59 | $178.34 | 9.69% | Buy |
| YUM | Yum! Brands | $132.88 | $144.68 | 8.88% | Buy |
| WING | Wingstop | $333.21 | $348.24 | 4.51% | Buy |
| CMG | Chipotle Mexican Grill | $58.88 | $56.59 | -3.89% | Buy |
| EAT | Brinker | $124.74 | $69.10 | -44.60% | Hold |