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In a recent transaction, Joshua Kobza, the Chief Executive Officer of Restaurant Brands International Inc. (NYSE:QSR), sold a significant portion of the company’s common shares. According to the SEC filing, Kobza sold 72,719.524 shares at a price of $64.38 per share, amounting to a total of approximately $4.68 million. The transaction occurred as QSR trades near $65.19, with analysts setting price targets ranging from $67 to $93.
The transaction, dated February 25, 2025, was part of a series of activities involving the company’s common shares. In addition to the sale, Kobza acquired 185,435.8884 shares, which were performance-based restricted share units that vested at a rate of 135.76% of the target based on performance conditions.
Following these transactions, Kobza’s direct ownership stands at 961,294.5173 shares. These activities reflect a strategic move by the CEO, balancing both acquisition and sale of shares within the company.
In other recent news, Restaurant Brands International has acquired the equity interests in Burger King China for approximately $158 million in an all-cash deal. This acquisition gives the company near-total ownership of the business and signifies its continued commitment to expanding its presence in the Chinese market. Meanwhile, TD Cowen analysts downgraded Restaurant Brands International from Buy to Hold, setting a price target of $70, citing potential challenges in the Canadian market and increased competition in the fast-food industry.
JPMorgan, however, maintained an Overweight rating on the company with a price target of $80, following a stronger-than-expected fourth-quarter performance in the global quick service sector. BMO Capital also reiterated its Outperform rating and set a price target of $86, noting the company’s better-than-expected earnings per share of $0.81. Stifel analysts maintained a Hold rating with a price target of $68, highlighting modest EBITDA growth since the acquisition of Popeyes in 2017.
These developments reflect a range of perspectives on Restaurant Brands International’s current and future performance in the competitive restaurant industry.
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