Seth Klarman ranks among the richest hedge fund managers in the world. Accounting for a 10.44% share of the billionaire’s portfolio, Restaurant Brands International Inc. (NYSE:QSR) ranks as Seth Klarman’s top stock pick.
Scotiabank increased its price target for Restaurant Brands International Inc. to $83 from $81 on May 7, retaining a Sector Perform rating on the company’s shares. The firm stated that Restaurant Brands’ first-quarter performance lacked a significant positive driver to support the company’s year-to-date performance.
The company’s adjusted earnings per share of $0.86 came in above the expected $0.83. In addition, the company reported revenue of $2.26 billion, which surpassed the expected $2.24 billion.
Burger King’s same-store sales performance in the US was a highlight of the quarter. The segment has stabilized after attracting significant investment attention, as the international business continues to do well.
Looking towards 2026 as a whole, the company committed $600 million to $620 million for general and administrative costs, $500 million to $520 million for adjusted interest charges, and approximately $400 million for total capital spending and cash incentives.
Restaurant Brands International Inc., incorporated in 1954, is a Florida-based quick service restaurant company operating through six segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, International, and Restaurant Holdings.
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