Restaurant Brands International Inc. (QSR) Stock Price, News, Analysis | DailyIQ

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Technical Score (1D)

50

NEUTRAL

News Sentiment

55

BULLISH

Restaurant Brands International will report its third‑quarter 2026 earnings on October 29, with an investor conference call scheduled for 8:30 a.m. ET. The call will be available via webcast and dial‑in for U.S., Canadian, and international participants. The announcement carries no change to the company’s current guidance or strategic outlook. Because the release is routine, the market is unlikely to see a sharp move in the next 1–10 trading days; the focus will be on how the results compare to analyst expectations. Investors should watch the earnings call for any commentary on same‑store sales, menu innovation, or supply‑chain costs that could signal short‑term operational trends. Pay particular attention to any updates on franchisee performance, as that segment drives a large portion of QSR’s revenue. If the company confirms or revises its revenue or earnings guidance during the call, that could prompt a reassessment of the stock’s valuation. Finally, monitor the market’s reaction to the earnings report for clues about broader consumer sentiment in the quick‑service restaurant sector.

QSR|Earnings Snapshot

Earnings Summary

Restaurant Brands International (QSR) operates a global quick‑service restaurant portfolio, including Tim Hortons, Burger King, Popeyes, and Firehouse Subs, and is positioned within the consumer cyclical restaurant industry. In Q4 2024, QSR reported EPS of $0.81 versus an estimate of $0.79 and revenue of $2.296 billion, a modest increase from the prior year. Q4 2025 EPS surged to $0.96 against a $0.82 estimate, while revenue climbed to $2.466 billion, a 10.5% rise from Q4 2024. Q1 2026 EPS of $0.86 beat the $0.83 estimate and revenue of $2.264 billion matched the $2.260 billion estimate, indicating stable performance. Q2 2026 EPS of $1.07 exceeded the $1.04 estimate and revenue of $2.520 billion fell slightly below the $2.544 billion estimate, reflecting a small margin pressure. Over the past four quarters, QSR has consistently outperformed EPS estimates, with revenue growth fluctuating but generally positive, underscoring a resilient earnings trajectory. Recent news reveals a renewed $1 billion share‑repurchase program and reaffirmation of long‑term guidance, signaling management confidence and providing a potential catalyst for share price support. Investors should monitor the pace of the buyback program, the progress of Burger King remodeling initiatives, and any changes to capital allocation that could influence diluted shares and EPS. The upcoming earnings cycle will be critical to assess whether the company can sustain its revenue and margin expansion amid competitive pressures and macroeconomic headwinds.

Read full report

EPS

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$1.08	-	-
Q2'26	$1.04	$1.07	+2.8%
Q1'26	$0.83	$0.86	+3.6%
Q4'25	$0.82	$0.96	+16.9%
Q4'24	$0.79	$0.81	+2.3%

Revenue

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$2.6B	-	-
Q2'26	$2.5B	$2.5B	-1.0%
Q1'26	$2.3B	$2.3B	+0.1%
Q4'25	$2.2B	$2.5B	+10.7%
Q4'24	-	$2.3B	-

Full Earnings BreakdownEstimates, actuals, guidance, and historical context

QSR|Monthly Returns

Market Data

QSR Stock Snapshot

HOLD50/100

$75.84−$3.05 (3.9%)

Market cap: 34.98B
P/E ratio: 27.5
Day range: $75.76 – $78.45
News sentiment: 55/100 · Neutral
Analyst target: $85.92 (+13.3%)
Consensus: Buy · 20 analysts

52-week range+20.7% off low · -9.1% from high

$62.85$83.40

Price $75.84 DailyIQ Est. $87.80

Momentum has flattened on QSR, leaving the next move dependent on news rather than the chart. Earnings and guidance carry more weight than macro data at this capitalisation.

Reverse DCF

What growth is priced into QSR?

CHEAP

At today's price, Restaurant Brands International Inc. needs to grow free cash flow about 6.7% a year for the next 10 years to justify its valuation at a 7.01% cost of capital. Over its actual history it has compounded free cash flow at 14.6% a year, so the market is asking for 7.9 percentage points below its own delivered rate. On that basis QSR looks priced below what its own growth record supports.

Implied FCF growth: 6.7%
Historical FCF CAGR: 14.6%
Growth gap: -7.9 pts
Verdict: CHEAP
Discount rate (WACC): 7.01%
Beta: 0.59

Behaviour On Record

What QSR's own history says about today's numbers

Realized volatility (21d): 25.7% 62nd pct
Below its peak: -10.3%
vs 200-day average: +3.6%
Up days (1y): 55%

Restaurant Brands International Inc. is currently running 25.7% annualised volatility over the last 21 sessions. Measured against QSR's own 12 years of daily returns rather than a market-wide average, that is the 62nd percentile — a little above its own norm, against a typical reading of 22.7%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

QSR is trading -10.3% below its running peak. Across 11 full years on file, its median worst-drawdown-in-a-year was -22.3%, and the deepest was -57.6% in 2020. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits +3.6% from its 200-day moving average. Against every other day in its history, that gap ranks at the 53rd percentile — close to the gap it normally carries. Over the past year QSR closed higher on 55% of sessions, and it is currently 1 session into a falling streak.

On September specifically: over 12 years of records, QSR finished the month higher 5 of 12 times, with a median return of -3.1% and an average of -1.7%. Its strongest month historically has been April at +4.6% on average, its weakest September at -1.7%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: QSR has opened more than 2% away from the prior close in 105 of 2,954 sessions (3.6% of the time), with the largest gaps running +17.4% and -9.3%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

Across the last 3 dated reports on file, QSR moved an average of 2.1% in the session after earnings, closing higher 2 of those 3 times, with a median move of +1.3% and a largest of +3.5%.

All figures computed from 2,955 daily closes between 2014-12-12 and 2026-09-15, split-adjusted, recomputed daily. Percentiles are against QSR's own 12-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of QSR's sector?

Restaurant Brands International Inc. sits in the Consumer Staples sector, currently ranked 5th of 11 GICS sectors by relative-strength rotation score (improving).

Sector rank: #5 of 11
Sector state: Improving
Sector rotation score: 60

Options Market

What is the options market pricing for QSR?

CallsPuts

For Restaurant Brands International Inc.'s nearest expiry (2026-09-18, 3 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.46), with at-the-money implied volatility around 45.9%. The options market is pricing roughly a ±3.8% move by that expiry — a range of about $73.13–$78.87.

Put/call ratio (2026-09-18): 0.46
ATM implied volatility: 45.9%
Total open interest: 5,673
Expected move by 2026-09-18: ±3.8% ($73.13–$78.87)

Analyst Rating Changes

Are analysts turning bullish or bearish on QSR?

Citigroup most recently reiterated its rating on Restaurant Brands International Inc. to Neutral on Sep 1, 2026 with a price target of $80 (from $78). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action: Citigroup — Neutral
90-day upgrades: 0
90-day downgrades: 0
Net rating momentum: 0

Date	Firm	Action	Rating	Price target
Sep 1, 2026	Citigroup	Maintained	Neutral	$78 → $80
Aug 8, 2026	Scotiabank	Maintained	Sector Perform	$83 → $81
Aug 7, 2026	Piper Sandler	Maintained	Overweight	$85 → $81
Aug 7, 2026	Evercore ISI Group	Maintained	Outperform	$86 → $88
Jul 24, 2026	Citigroup	Maintained	Neutral	$84 → $78
Jul 16, 2026	Morgan Stanley	Maintained	Equal-Weight	$78 → $79
Jul 9, 2026	Deutsche Bank	Maintained	Buy	$86 → $85
Jul 9, 2026	TD Cowen	Maintained	Hold	$79 → $80
May 26, 2026	Guggenheim	Maintained	Buy	$80 → $85
May 7, 2026	Citigroup	Maintained	Neutral	$88 → $84
May 7, 2026	Scotiabank	Maintained	Sector Perform	$81 → $83
May 7, 2026	Barclays	Maintained	Overweight	$85 → $92

QSR Competitive Positioning

Restaurant Brands International Inc. (QSR) is tracked alongside these names in Restaurants on DailyIQ — ranked by market cap, with today's move alongside.

Held by These ETFs

QSR is a top holding in these ETFs tracked on DailyIQ — bar length shows portfolio weight.

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles

What did this article say?

Oppenheimer analysts raised Darden Restaurants’ (DRI) fiscal 2027 and 2028 EPS estimates to $11.27 and $12.45, citing accelerating trends at Olive Garden that should improve post‑first‑quarter earnings dynamics. The brokerage expects the company to report Q1 EPS of $2.03, slightly below consensus, and projects same‑store sales growth of 2.8% versus the market’s 3.1% view. The upgrade reflects confidence that the brand’s recovery will lift overall profitability, though the upside is modest and already priced into the stock.

What did this article say?

Restaurant Brands International (QSR) will publish its third‑quarter 2026 financial results on October 29, 2026, followed by an investor conference call at 8:30 a.m. ET. The call will be webcast and available for replay, with dial‑in options for U.S., Canadian, and international investors. The announcement provides the schedule but no guidance or performance preview, offering no new directional information for traders.

What did this article say?

Restaurant Brands International (QSR) has filed a renewal of its normal course issuer bid, allowing the company to repurchase up to $1 billion of shares through September 30, 2027. The bid will cover up to 10% of the public float, or roughly 34 million shares, and can be executed on the TSX, NYSE, or alternative trading systems. The move is a routine exercise under the board‑approved repurchase authorization and does not signal any change in earnings guidance or strategic direction. Investors should monitor the actual repurchase pace and any subsequent adjustments to the authorization limits.

What did this article say?

Restaurant Brands International (QSR) participated in the Barclays 19th Annual Global Consumer Staples Conference, with CEO Josh Kobza and CFO Sami Siddiqui addressing investors. The company reiterated its long‑term guidance of 8%+ system sales growth, 3%+ compound growth, and 5%+ net margin expansion, but did not provide any updated quarterly figures or material changes to outlook. The presentation focused on brand portfolio strength and operational efficiencies across Tim Hortons, Burger King, Popeyes, and Firehouse Subs. Investors should note that the remarks were largely reaffirmative and did not introduce new catalysts or risks.

What did this article say?

Amneal Pharmaceuticals completed its acquisition of Kashiv BioSciences, creating a rare end‑to‑end biosimilar platform. The deal is positioned to capture over $300 billion in potential sales from upcoming biologic patent expirations, extending Amneal’s growth runway beyond 2030.

What did this article say?

Restaurant Brands International’s CEO Josh Kobza and CFO Sami Siddiqui will host a fireside chat at the Barclays 19th Annual Global Consumer Conference on September 9, 2026. The event will be streamed live and replayed on RBI’s investor relations site, offering investors direct access to senior management. The appearance signals the company’s intent to engage with analysts and highlight strategic priorities, potentially boosting investor confidence.

What did this article say?

Citigroup analyst Jon Tower has upgraded QSR to a neutral stance while raising the price target from $78 to $80, reflecting confidence in the company’s growth prospects. The move signals a modest bullish view, suggesting that QSR’s earnings trajectory and market positioning remain solid. Investors should monitor QSR’s upcoming earnings release for confirmation of revenue and margin trends.

What did this article say?

Restaurant Brands International (QSR) trades near its DCF‑derived fair value, with market multiples suggesting modest undervaluation. The company’s flagship Tim Hortons brand confronts new cold beverage rivals from KFC and Dunkin’, potentially eroding growth if market share shifts. Continued menu and store investments could sustain cash flow if consumer demand remains steady. Investors are weighing a solid historical return against a valuation that is neither clearly cheap nor expensive, leaving the stock’s trajectory uncertain.

What did this article say?

Restaurant Brands International (QSR) is highlighted in a Benzinga analysis as one of three consumer discretionary stocks flagged for potential decline in Q3. The warning is based on momentum indicators, specifically an RSI above 70, suggesting overextension. This signals that QSR may experience a pullback if the broader consumer sector continues to face pressure, impacting short‑term trading decisions.

Institutional & Hedge Fund Ownership

4 tracked managers · $646.93M combined position · 2 adding, 1 trimming, 1 unchanged (latest 13F filings)

Manager	Trend	Shares Held	% of Co.	Position Value	Filed
Geode Capital Management, LLC	▲ Buy	5,854,909	1.27%	$436.08M	2026-08-12
Davis Selected Advisers	▼ Sell	2,800,345	0.61%	$203.05M	2026-08-11
Neuberger Berman Group LLC	▲ Buy	67,053	0.01%	$4.86M	2026-08-13
Marshall Wace, LLP	• Hold	45,952	0.01%	$2.95M	2025-11-13

Q2 2026 flow:349.3K sh bought ($25.93M)798.8K sh sold ($57.92M)net -449.4K sh (−$31.98M)