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After its 2008 bankruptcy, Legendary Restaurant Brands, the parent company of Bennigan's, bought the brand, recipes and other intellectual property associated with Steak and Ale.
Also, Restaurant Brands has focused on menu innovation, digital advancements, and operational enhancements for growth.
Source: https://investorplace.com/2023/08/the-3-best-defensive-stocks-to-buy-now-august-2023/
Bank of New York Mellon Corp increased its stake in Restaurant Brands International by 0.9% during the first quarter.
BMO Capital Markets raised Restaurant Brands International from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $63.00 to $72.00 in a report on Thursday.
Burger King, a unit of Restaurant Brands International, countered that it wasn't required to deliver burgers that look “exactly like the picture,” but the judge said it was up to jurors to “tell us what reasonable people think.”
In other Restaurant Brands International news, insider Sami A. Siddiqui sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th.
Restaurant Brands held $1.2 billion in cash and equivalents as of June 30, 2023.
Restaurant Brands is an appealing growth investment, combining share price growth, rising dividends, community involvement, and environmental commitment.
Thus, Restaurant Brands is home to some of the most prestigious global franchisees.
Source: https://investorplace.com/2023/03/3-high-quality-blue-chip-stocks-to-buy-for-a-flight-to-safety/
Truist Financial raised their price target on Restaurant Brands International from $78.00 to $80.00 in a research report on Wednesday, May 3rd.