Paul Harris, CFARestaurant Brands InternationalQSR.TOCOMMENTFeb 11, 2016

He doesn't set target prices as such. Rather, goes for companies with strong earnings and price momentum. Stock still has legs left in it.

Rebounding nicely since Covid. Operating quite well. Expanded product offerings. Depends on execution, as they've run into problems in the past and with franchisees. Decent 6% EPS growth, not overly exciting for him. He owns SBUX. Yield is 2.8%, nice.

Multi-brand platform. Growth challenged. New CEO from Domino's created excitement, stock popped. His concern is that pulling levers for a single brand is not the same as for 3-4. A show-me story, stock's range-bound. Spins off lots of cash. See his Top Picks idea for better valuation and growth.

Despite the popularity of weight-loss drugs, there remains demand for QSR restaurants in the U.S., making this a good long-term hold. The Canadian customer is more challenged, though. QSR has had a good run, so wouldn't buy or sell here.

Does not currently own stock, but likes company. Internationally one of largest restaurant companies in the world. Diverse cash flow basis. Excellent brand value that can weather a recession. Would recommend holding stock if already own it. Safe dividend yield around 3%. 

It should be higher. Burger King disappointed last quarter, but Horton's is doing much better and Popeye's is growing. Fast food isn't disappointing and there remains growth.

Large portfolio of defensive brand names (Burger King, Tim Hortons). Large cap with lots of liquidity in stock. Current share price presenting good buying opportunity. Trading at cheaper valuation than USA peers. Expecting growth in same store sales, revenues and cash flow. Good investment for long term holders. 

High quality. Recognizable brands. Stream of revenue from franchisees. Efficient management team, not afraid of innovation. A lot is riding on the new CEO. Pricing power. 30% ROE. 20x earnings. If price dropped to $90, buy more aggressively. Yield is 3%.

It has a new CEO who did very well with Dominoes. The franchises are now much better run. There are good changes at Tim Horton's, Burger King has a big ad campaign, and Popeye's is growing very fast. It is trading at 2/3 of the multiple of other fast food chains. Yes there are higher labour costs but it is a high margin business and recession resistant. He feels it is cheap because of past problems and has a big upside. In general people are now spending lots of money dining out.     Buy 15  Hold 15  Sell 1

It has done well, but the valuation is not compelling. Shares are always too high for him. Yes, Restaurant is picking up after Covid, but consumers are cutting back on discretionary purchases like coffee.

He'd take BCE in a heartbeat from a safety aspect. Better yield, cheaper valuation, growth is tied to the economy. QSR has done a good job with its divisions, though Tim's has been a challenge. Profits are now being squeezed pretty dramatically. He's nervous on consumer stocks.