Restaurant Brands shifts focus to drive-thru

Article Excerpt

Restaurant Brands continues to rebound since falling to $36 in March. The stock should go higher as more of its stores reopen. A new plan to install more drive-thru lanes should also boost its growth. RESTAURANT BRANDS INTERNATIONAL INC. $75 is a buy. The company (Toronto symbol QSR; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 465.5 million; Market cap: $34.9 billion; Price-to-sales ratio: 4.5; Dividend yield: 2.8%; TSINetwork Rating: Average; www.rbi.com) is the world’s third-largest fast-food company after McDonald’s (No. 1) and Yum Brands (No. 2). It has 27,027 fast-food outlets in over 100 countries: 18,675 Burger King, 4,934 Tim Hortons (coffee and donuts), and 3,418 Popeyes Louisiana Kitchen (fried chicken). The fast-food giant had to shut down most of its restaurants earlier this year due to the COVID-19 pandemic. However, it has now re-opened 96% of its outlets. Due to the shutdowns, Restaurant Brands overall sales in the quarter ended September 30, 2020, fell 8.3%, to $1.38 billion from $1.46 billion a..