10 Best Coffee Stocks To Buy According to Hedge Funds

7. Restaurant Brands International Inc. (NYSE:QSR)

Number of Hedge Fund Holders: 29

Restaurant Brands International, Inc. (NYSE:QSR) is one of the largest quick service restaurant companies globally. The company is the owner of the popular coffee chain Tim Hortons, and also owns Burger King, Popeyes, and Firehouse Subs.

Tim Hortons has been in operation since 1964 and has a network of over 5,800 restaurants across 15 markets. It is one of North America’s largest restaurant chains operating in the quick service segment. As emphasized by Josh Kobza, chief executive of Restaurant Brands International, Tims is the top value-for-money in Canada and one of the only major quick service restaurant brands in the market with positive traffic growth in year-to-date. He reiterated Tim’s dominance by saying:

“Tims’ No. 1 restaurant brand-love and No. 1 value positioning allow us to maintain our leading market share in coffee, baked goods and breakfast sandwiches and wraps”

The brand remains resilient with the increase in system-wide sales during the firm’s recent quarter, primarily driven by comparable sales of 2.3%, including Canada comparable sales of 2.7%. A positive sign for the brand is the population growth in Canada which implies more customers potentially for Tims. To benefit from the opportunity, the firm plans to open new locations, particularly in the western provinces.