These 5 Stocks are Skyrocketing Today

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

Number of Hedge Fund Holders: 27

Shares of Restaurant Brands International Inc. (NYSE:QSR) hit a new 52-week high of $68.18 this morning after Morgan Stanley upgraded the fast food holding company from “Sell” to “Hold.”

The research firm was primarily moved by the appointment of Patrick Doyle as the executive chairman last week. Analyst John Glass expects Doyle to unlock growth for the company. Glass also raised his price target for Restaurant Brands International Inc. (NYSE:QSR) from $56 per share to $71 per share.

Earlier this year, Restaurant Brands International Inc. (NYSE:QSR) appeared in the second-quarter 2022 investor letter of investment holding company Pershing Square. Here’s what the firm 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 beverage…” (Click here to read the full text)