-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下：我們將12個月目標價下調2加元至112加元，基於2026年每股收益預期為20倍（此前為21倍），低於該股過去10年平均預期市盈率22倍。我們將2026年每股盈餘預期從4.05美元上調至4.06美元（5.60加幣），並將2027年每股盈餘預期從4.29美元上調至4.32美元（5.96加幣）。鑑於第一季財報顯示漢堡王同店銷售成長勢頭良好（+5.8%），但牛肉成本（供應鏈銷售成本+13.7%）和Popeyes同店銷售持續下滑（-6.5%）也構成壓力，我們重申「持有」評級。 該公司2026年初的同店銷售額成長3.2%，營業收入成長13%，預計將超過其3%和8%的長期成長目標。我們對漢堡王同店銷售額的成長動能感到鼓舞，顯示其業績正在好轉。然而，牛肉價格上漲帶來的成本壓力抵消了這一成長勢頭。此外，第一季餐廳成長率較上季下降56%，顯示仍有許多工作要做，儘管管理層預計全年成長速度將加快。儘管如此，我們認為今天的股價反應顯示投資者意識到執行風險較高。
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Sector Update: Health Care
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New Home Listings Growth Outpaces Sales For First Time in 2026, Zillow Says
New for-sale home listings in the US grew at a faster rate annually than sales for the first time this year as elevated mortgage rates stalled recovery, Zillow Group (Z, ZG) said Wednesday.New listings rose 2.1% year over year to 426,356 units in April, while sales eased 0.4% to 323,631 units, according to the real estate marketplace. Active inventory increased 3.7% last month, putting the total number of for-sale homes at 1.3 million."The spring rebound we anticipated at the start of the year and that produced the stronger sales figures in March was put on pause in April by higher rates," Zillow Chief Economist Mischa Fisher said. "Still, someone who held off in 2025 hoping conditions would improve has seen that improvement."Last week, the average interest rate for 30-year fixed mortgages with conforming loan balances of $832,750 or less increased to 6.45% from 6.37% sequentially, a report by the Mortgage Bankers Association showed Wednesday.The monthly mortgage payment on a typical home in the US dropped 3.4% annually to $1,829 last month, while home values rose 0.7% to $366,712, Zillow said.The share of listings with a price reduction was 23.5% in April, down one percentage point from a year earlier, but up 0.9 percentage point sequentially.Despite the recent rise in mortgage rates, buyers who waited out the market of 2025 are entering on slightly better terms this spring, with more options, improved affordability and a little more decision time, according to Zillow."With more homes to choose from and lower monthly costs than a year ago, the math has shifted in favor of buyers even if the moment may not feel like it," Fisher said. "There's still plenty of reason for optimism that we will see a quick rebound if rates cooperate."On Tuesday, government data showed that new-home sales in the US grew past Wall Street's estimates for March, driven by a demand surge in the Northeast region.Price: $44.82, Change: $+1.28, Percent Change: +2.94%
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Sectors
Sector Update: Consumer
Consumer stocks were higher late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.9%.In corporate news, Restaurant Brands International's (QSR) Q1 earnings and revenue topped Wall Street's estimates Wednesday, while the restaurant operator's comparable sales growth was in line with consensus. Its shares were down 5.9%.
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