Restaurant Brands (QSR) Hits 52-Week High: What's Driving It?

Restaurant Brands International Inc. (QSR) reached a new 52-week high of $79.45 on Jan 10. The stock pulled back to end the trading session at$78.63, up 0.9% from the previous day’s closing price of $77.91.The current Zacks Rank #2 (Buy) company’s shares gained 25.1% in the past three months, outperforming the Zacks Retail - Restaurants industry’s 14.3% growth, the Zacks Retail-Wholesale sector’s 14.8% increase and the S&P 500 Index’s 9.5% rise.The company is benefiting from its expansion initiatives, menu ...