Restaurant Brands targets key market

Article Excerpt

RESTAURANT BRANDS INTERNATIONAL $67.78 is a buy. The company (New York symbol QSR; TSINetwork Rating: Average) (www.rbi.com; Shares outstanding: 478.0 million; Market cap: $32.4 billion; Dividend yield: 3.1%) is now preparing to launch its first Popeye’s restaurant in the U.K. The fried-chicken chain, which runs 3,400 restaurants globally, aims to have its first location open by the end of 2021. Its goal is to open 350 U.K. restaurants over the next 10 years, after rapid growth in continental Europe in recent years. The chain rolled out into Spain and Switzerland over the past two years, and it sees the U.K. as its next big growth opportunity. Restaurant Brands is a buy. buy…