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Aug. 31, 2021, 3:28 p.m. EDT

2 Restaurant Stocks I'd Buy Today

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    Restaurant Brands International Inc. (QSR)
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    Restaurant Brands International Inc. (QSR)
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    Recipe Unlimited Corp. (RECP)

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Aug 31, 2021 (Baystreet.ca via COMTEX) -- Restaurants took a huge hit in 2020 due to the COVID-19 pandemic. Fortunately, there has been some optimism injected into this sector as the economy has reopened across North America. Today, I want to look at two restaurant stocks that are worth snatching up in September.

Restaurant Brands International /zigman2/quotes/206759057/delayed CA:QSR -0.33% /zigman2/quotes/202094900/composite QSR +0.11% is an Oakville-based company that owns, operates, and franchises quick service restaurants under the Tim Horton's, Burger King, and Popeyes brands. Its shares have climbed 7.3% in 2021 as of early afternoon trading on August 31.

The company unveiled its first quarter 2021 results on July 30. RBI delivered system-wide sales growth of 4% while digital sales in home markets were up almost 60% in the year-over-year period. Each of its top brands posted positive system-wide sales growth in the quarter. Meanwhile, adjusted EBITDA was reported at $577 million - up from $358 million in the prior year.

RBI last declared a quarterly dividend of $0.53 per common share. That represents a 3.2% yield.

Recipe Unlimited /zigman2/quotes/202109868/delayed CA:RECP -0.69% is a Vaughan-based company that operates franchises like Swiss Chalet, Harvey's, and The Keg. Its shares have climbed 28% in the year-to-date period. The stock is up over 100% compared to the previous year.

Total system sales increased 44% from the prior year in Q2 2021. Meanwhile, it posted e-commerce system sales growth of 28%. Operating EBITDA nearly doubled to $30.4 million. Shares of Recipe Unlimited possess a favourable P/E ratio of 19. This is still a stock worth owning today.

COMTEX_392512640/2559/2021-08-31T15:27:57

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/206759057/delayed
CA : Canada: Toronto
$ 75.29
-0.25 -0.33%
Volume: 311,429
Oct. 20, 2021 12:44p
P/E Ratio
27.06
Dividend Yield
3.57%
Market Cap
$24.00 billion
Rev. per Employee
$1.28M
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/zigman2/quotes/202094900/composite
US : U.S.: NYSE
$ 61.20
+0.07 +0.11%
Volume: 726,428
Oct. 20, 2021 1:01p
P/E Ratio
27.91
Dividend Yield
3.47%
Market Cap
$19.42 billion
Rev. per Employee
$955,385
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/zigman2/quotes/202109868/delayed
CA : Canada: Toronto
$ 18.78
-0.13 -0.69%
Volume: 7,830
Oct. 20, 2021 12:01p
P/E Ratio
17.62
Dividend Yield
0.00%
Market Cap
$1.07 billion
Rev. per Employee
N/A
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