Restaurant Brands stock in focus as Burger King goes all in on premium Whoppers

 

Brian Sozzi, Yahoo Money

September 19, 2022

 

Burger King parent company Restaurant Brands has a stock worth devouring, long-time restaurant analyst David Palmer at Evercore ISI contended in a new note on Monday.

 

Palmer sees several catalysts on the horizon for the company, most notably out of Burger King U.S.

 

Restaurant Brands said earlier this month that the multinational fast food holding company would invest $400 million to bring Burger King into the future over the next two years. The investment consists of $150 million in advertising and digital investments to “Fuel the Flame” and $250 million for a “Royal Reset” involving restaurant technology, kitchen equipment, building enhancements, remodels, and relocations.

 

"It's a really exciting moment for us at the Burger King brand here in the U.S.," Restaurant Brands CEO Jose Cill said on Yahoo Finance Live (video above), adding: "We've spent the last 9 to 12 months with new leadership at Burger King in the U.S., working closely with our franchisees on building a plan to engage them, the broader system, our team members, and our guests on our path and plan to reclaim the flame."

 

Here are the details behind Palmer's call on Restaurant Brands stock:

 

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