Restaurant Brands International Is Undervalued Following Recent Pullback

Shares of Restaurant Brands International Inc. (QSR, Financial) have been in a slump lately. The stock has delivered a total return of roughly -8% thus far in 2024. Comparably, the S&P 500 has delivered a total return of around 17% over the same period. The company's shares have trailed the broader market due to a variety of fiactors, including multiple contraction, modestly disappointing second-quarter results and concerns that GI.P-1 drugs may result in lower-than-expected long-term earnings growth potent ...