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Bill Ackman's Third-Largest Holding Faces Bearish Headwinds Despite Tim Hortons Boost
Monday, August 12, 2024 - 3:12pm | 535Restaurant Brands International Inc. (NYSE:QSR), a key holding in Bill Ackman's Pershing Square Capital portfolio, reported a mixed bag of results for its second quarter. Ackman's Pershing Square Capital, which owns 8.5% of Restaurant Brands, has the stock as its third-largest holding. The stock...
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Tim Hortons Illegally Collected Data, Now It Might Pay Off Users With Donuts And Coffee
Monday, August 1, 2022 - 2:43pm | 526A leading restaurant chain has been accused of collecting location data of its users, and a proposed class action lawsuit settlement could see those affected being paid off with free food. Here are the details. What Happened: Canadian fast food company Tim Hortons, which is owned by Restaurant...
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Have It Your Way In The Metaverse? This Fast Food Giant Files For Virtual Goods, NFT Trademarks
Wednesday, March 23, 2022 - 4:40pm | 326A leading restaurant chain could be headed to the metaverse soon, with trademarks filed covering numerous topics for the sector. What Happened: Burger King, a restaurant company owned by Restaurant Brands International (NYSE: QSR), filed several metaverse related trademarks on March 18, 2022....
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Tim Hortons China Lands SPAC Deal With Plans For 2,750 Stores: What Investors Should Know
Monday, August 16, 2021 - 9:34am | 484A SPAC focused on the consumer sector has announced the acquisition of a leading restaurant company in China. The SPAC Deal: Tim Hortons International Limited, also known as Tims China, announced a SPAC deal with Silver Crest Acquisition Corporation (NASDAQ: SLCR). The deal values the...
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Restaurant Brands Analyst Bullish On Upcoming Catalysts For Burger King Owner
Thursday, January 7, 2021 - 4:47pm | 376Restaurant Brands International Inc (NYSE: QSR) was the only large-cap quick-service restaurant to end 2020 in the red, but the company has catalysts ahead to reverse its losses in 2021, according to Stephens. The Restaurant Brands Analyst: James Rutherford upgraded Restaurant Brands from...
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Popeyes, Burger King Owner Restaurant Brands Expects Continued Higher Digital Sales After Coronavirus
Monday, June 29, 2020 - 4:20pm | 444Fast food restaurant operator Restaurant Brands International Inc (NYSE: QSR) penned an open letter to mark 100 days since the COVID-19 pandemic "turned business in our home markets upside down." Return To Growth: Just days away from the start of the third quarter, Restaurant Brands...
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Coronavirus Concerns Prompts Changes At Tim Hortons, Costco
Monday, March 9, 2020 - 1:06pm | 355Ongoing coronavirus-related concerns prompted two companies to temporarily halt fan-favorite activities. Coffee chain Tim Hortons will not feature its yearly Roll Up the Rim promotion while Costco Wholesale Corporation (NASDAQ: COST) won't offer food samples. Roll Up The Rim Iconic Canadian...
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Restaurant Brands Reports 34% Same-Store Sales Growth Thanks To Chicken Sandwich Success
Monday, February 10, 2020 - 12:12pm | 370Restaurant Brands International Inc (NYSE: QSR), the holding company of Burger King, Tim Hortons and Popeyes, reported a 34% same-store sales growth. Restaurant Brands earned 75 cents per share in the fourth quarter on revenue of $1.48 billion versus expectations of 73 cents per share and $1....
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Beyond Meat Shares Drop As Tim Hortons Stops Selling It In Last Two Canadian Provinces
Tuesday, January 28, 2020 - 11:33pm | 294Beyond Meat Inc.'s (NASDAQ: BYND) shares slipped in after-hours trading on Tuesday as Restaurant Brands International Inc. (NYSE: QSR) subsidiary Tim Hortons pulled the plant meat makers products from its stores in Canada. What Happened The coffee and donuts restaurant chain pulled Beyond Meat...
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Burger King To Prince Harry: Come Join Our Royal Family
Wednesday, January 15, 2020 - 4:41pm | 428Burger King extended an invitation from one royal family to another by offering Prince Harry a part-time job...but he may have better offers on the table. What Happened Prince Harry and his wife Meghan Markle caught many people off guard by announcing their resignation from the British Royal Family...
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Chicken Wars Redux: Popeyes' Chicken Sandwich To Return In November
Monday, October 28, 2019 - 9:14am | 428Consumers who missed out on a brief opportunity to enjoy a chicken sandwich at Popeyes will be given a second chance in November. What Happened Restaurant Brands International Inc's (NYSE: QSR) Popeyes delighted consumers with its sandwiches and created long-lines at stores for a two-week...
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Tim Hortons Scales Back On Beyond Meat Products In Canada
Wednesday, September 18, 2019 - 3:13pm | 390The iconic Canadian coffee and food chain Tim Hortons is scaling back on Beyond Meat Inc (NASDAQ: BYND) menu options companywide. What Happened Quebec-based French media outlet Journal de Montreal reported Wednesday that Tim Hortons, owned by Restaurant Brands International Inc (NYSE: QSR), will...
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Analysts Incrementally Bullish On Restaurant Brands
Monday, August 5, 2019 - 10:59am | 580Burger King parent company Restaurant Brands International Inc (NYSE: QSR) reported Friday with second-quarter results that turned two Street analysts incrementally bullish on the restaurant operator. The Analysts KeyBanc Capital Markets' Eric Gonzalez maintained an Overweight rating...
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Burger King, McDonald's And KFC's Stance On Plant-Based Meat Products
Friday, June 7, 2019 - 7:52am | 291There is a huge push for fast-food restaurants to launch meat-free products. This year a number of mainstream fast-food restaurants are joining the meat-free revolution and adding plant-based products to their menu. One of the fastest growing food companies is Beyond Meat (NASDAQ: BYND). Beyond...
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Burger King Slump Leads Longbow To Downgrade Restaurant Brands
Monday, May 13, 2019 - 1:22pm | 356The bearish case for restaurant holding company Restaurant Brands International Inc (NYSE: QSR) can now be made for three reasons, according to Longbow. The Analyst Longbow Research's Alton Stump downgraded Restaurant Brands from Neutral to Underperform with a new $55 price target The Thesis...