Loop Capital keeps a Buy rating and $93 price target on Restaurant Brands (QSR) while noting that its latest checks suggest the company’s Q2-to-date comps are tracking ahead of expectations. Comps accelerated from 1.0%-1.5% growth during the first seven weeks of Q2 to 4.5%-5.0% growth over the last five weeks, which implies QTD same-store sales were up 2.5%-3.0% and are therefore tracking ahead of Loop’s prior estimate for 2.0% growth, the analyst tells investors in a research note.
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