Restaurant Brands International Inc (QSR · NYSE)

Restaurant Brands International shares have fallen 12.1% over the past month to $69.91, leaving the stock 13.5% below its 52-week high despite beating EPS estimates in all of its last four quarters, including Q2's $1.07 versus $1.03 expected. Q2 revenue rose 4.6% year over year to $2.52B with net income of $507.0M, up from $338.0M the prior quarter, while trailing-twelve-month revenue stands at $9.70B. The company carries $15.65B in total debt at 5.4x EBITDA against $1.06B in cash, and generated $479.0M in free cash flow last quarter on a 27.7% operating margin and 34.8% ROE. Burger King's "Reclaim the Flame" refranchising push continues, though Jefferies cut its target to $78.00 from $82.00 after the Q2 beat, and the analyst consensus target sits at $85.96.