Restaurant Brands International

QSR

Restaurant Brands International Inc. (RBI) is a Canadian-US multinational fast food holding company. Formed in 2014 by the $12.5 billion merger between US fast food restaurant chain Burger King and Canadian coffee shop and restaurant chain Tim Hortons, and expanded by the 2017 purchase of US fast food chain Popeyes Louisiana Kitchen, the company is the fifth-largest operator of fast food restaurants in the world behind Subway, McDonald's, Starbucks and Yum! Brands (KFC, Pizza Hut, Taco Bell). The company is based alongside Tim Hortons in Toronto (previously Oakville, Ontario). For tax purposes, Burger King and Popeyes retain their existing operations and headquarters, both in Miami. The 2014 merger focused primarily on expanding the international reach of the Tim Hortons brand, and providing financial efficiencies for both companies. The company is majority-owned by the Brazilian investment company 3G Capital—previously, the majority-owner of Burger King, with a 51% stake. The company is publicly traded on the New York and Toronto Stock Exchanges. In January 2019, Jose Cil was named the CEO of Restaurant Brands International and Schwartz was named the executive chairman of the company.

Restaurant Brands International has been a target of short sellers for a while. The current short interest of 5.42% is roughly at the average of the last 12 months (4.11%).