Restaurant Brands International Announces Exchange and Secondary Offering

Restaurant Brands International ( (QSR) ) has issued an update.

Restaurant Brands International Inc. announced the receipt of an exchange notice from HL1 17 LP, an affiliate of 3G Capital, for the exchange of 17,626,570 Class B exchangeable units into common shares. This transaction will not alter the total number of exchangeable units and common shares. Concurrently, a secondary offering of the same number of common shares has commenced, with BofA Securities managing the offering. The selling shareholder will settle a forward sale agreement and receive cash proceeds from the public offering, while RBI will not sell any shares or receive proceeds from this transaction.

The most recent analyst rating on (QSR) stock is a Buy with a $81.00 price target. To see the full list of analyst forecasts on Restaurant Brands International stock, see the QSR Stock Forecast page.

Spark’s Take on QSR Stock

According to Spark, TipRanks’ AI Analyst, QSR is a Neutral.

Restaurant Brands International’s strong earnings call performance and strategic growth initiatives are the most significant factors driving its stock score. While financial performance shows operational efficiency, challenges in profitability and cash flow management are concerns. The technical analysis indicates a neutral trend, and the valuation is supported by a reasonable P/E ratio and attractive dividend yield.

To see Spark’s full report on QSR stock, click here.

More about Restaurant Brands International

Restaurant Brands International Inc. is a leading global quick service restaurant company with over $45 billion in annual sales and more than 32,000 restaurants in over 120 countries. It owns iconic brands such as TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®.

Average Trading Volume: 2,692,594

Technical Sentiment Signal: Strong Buy

Current Market Cap: $31.44B

See more insights into QSR stock on TipRanks’ Stock Analysis page.