5 Best Coffee Stocks to Buy Now

In this article, we discuss the 5 best coffee stocks to buy now. If you want to read about some more best coffee stocks, go directly to the 11 Best Coffee Stocks to Buy Now.

5. Restaurant Brands International Inc. (NYSE:QSR)

Number of Hedge Fund Holders: 27 

Restaurant Brands International Inc. (NYSE:QSR) operates as a quick-service restaurant company in Canada and internationally. These restaurants sell premium coffee, and hot and cold specialty drinks. 

On November 22, investment advisory RBC Capital maintained an Outperform rating on Restaurant Brands International Inc. (NYSE: QSR) stock and raised the price target to $80 from $70. Analyst Christopher Carril issued the ratings update. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Pershing Square is a leading shareholder in Restaurant Brands International Inc. (NYSE:QSR) with 24.2 million shares worth more than $1.3 billion. 

In its Q2 2022 investor letter, Pershing Square Holdings, an asset management firm, highlighted a few stocks and Restaurant Brands International Inc. (NYSE:QSR) was one of them. Here is what the fund said:

“Restaurant Brands International Inc. (NYSE:QSR)’s franchised business model is a high-quality, capital-light, growing annuity that generates high-margin brand royalty fees from its four leading brands: Burger King, Tim Hortons, Popeyes, and Firehouse Subs.

QSR is investing in each of its brands to position them for sustainable, long-term growth. As Canada reopened, Tim Hortons’ same-store sales returned to growth during the quarter compared to pre-COVID levels, driven by growth across all dayparts, formats, regions and product categories aside from hot beverages. The company is focused on executing the next phase of its “Back to Basics” plan by extending its beverage platform, capturing a greater share of afternoon foods and continuing its brand modernization. Longer-term, management believes it can sustainably grow same-store sales at a low-single-digit rate.

At Burger King in the U.S., the company also reported improved results and narrowed the gap with its peers. Recently-appointed Burger King U.S. President Tom Curtis and his team have begun to lay the foundation for a return to sustainable growth. We believe the company has a meaningful opportunity to reinvigorate growth and modernize its store base through a reinvestment plan. The company will be unveiling its “reclaim the flame” plan to franchisees next month…read more