Barclays Lowers Yum! Brands Price Target to $76.00 (YUM)
Research analysts at Barclays decreased their price target on shares of Yum! Brands (NYSE:YUM) from $83.00 to $76.00 in a report released on Thursday. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective would suggest a potential upside of 6.32% from the company’s current price.
Yum! Brands (NYSE:YUM) traded up 0.08% on Thursday, hitting $71.54. 6,307,567 shares of the company’s stock traded hands. Yum! Brands has a 52-week low of $64.08 and a 52-week high of $83.58. The stock has a 50-day moving average of $72.57 and a 200-day moving average of $75.93. The company has a market cap of $31.452 billion and a price-to-earnings ratio of 27.11. Yum! Brands also saw unusually large options trading activity on Tuesday. Traders acquired 7,706 put options on the company. This represents an increase of 175% compared to the average daily volume of 2,805 put options.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.01. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts predict that Yum! Brands will post $3.56 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Yum! Brands in a research note on Tuesday, August 26th. They now have a $76.00 price target on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Yum! Brands in a research note on Thursday, July 31st. They now have a $110.00 price target on the stock, down previously from $112.00. Finally, analysts at RBC Capital reiterated a “top pick” rating on shares of Yum! Brands in a research note on Thursday, July 31st. They now have a $85.00 price target on the stock, down previously from $94.00. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $80.00.
In other Yum! Brands news, SVP Jonathan David Blum sold 2,711 shares of Yum! Brands stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $71.54, for a total value of $193,944.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
YUM! Brands, Inc (NYSE:YUM) is a quick service restaurant company based on number of system units, with over 39,000 units in more than 125 countries and territories.
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