Is Restaurant Brands Stock a Buy?
Restaurant Brands International (NYSE: QSR) is among the more ambitious fast-food companies out there.
Formed by the merger of Burger King and Tim Hortons in 2014, the deal was engineered by Brazilian investment firm 3G Capital and Warren Buffett's Berkshire Hathaway. In 2017, the company acquired Popeyes Louisiana Kitchen, giving it a triumvirate of brands to rival Yum! Brands, the parent of KFC, Pizza Hut, Taco Bell, and Habit Restaurants. Restaurant Brands also now counts Bill Ackman's Pershing Square as one of its backers, adding to its list of respected investors.
As you can see from the chart below, Restaurant Brands had outperformed the S&P 500 for much of its history until the coronavirus pandemic hit.
Source Fool.com
