Yum! Brands Receives “” Rating from Telsey Advisory Group (YUM)
Yum! Brands (NYSE:YUM)‘s stock had its “” rating reissued by stock analysts at Telsey Advisory Group in a report issued on Thursday. They currently have a $75.00 target price on the stock. Telsey Advisory Group’s price objective points to a potential upside of 4.63% from the stock’s previous close.
YUM has been the subject of a number of other recent research reports. Analysts at Barclays cut their price target on shares of Yum! Brands from $83.00 to $76.00 in a research note on Thursday. They now have an “equal weight” rating on the stock. Separately, 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. Finally, 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. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $80.00.
In other Yum! Brands news, SVP Jonathan David Blum sold 2,711 shares of Yum! Brands stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $71.54, for a total transaction of $193,944.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Yum! Brands (NYSE:YUM) traded up 0.28% during mid-day trading on Thursday, hitting $71.68. 7,697,163 shares of the company’s stock traded hands. Yum! Brands has a one year low of $64.08 and a one year high of $83.58. The stock’s 50-day moving average is $72.57 and its 200-day moving average is $75.93. The company has a market cap of $31.514 billion and a P/E ratio of 27.11. Yum! Brands also was the target of some unusual options trading activity on Tuesday. Stock traders bought 7,706 put options on the stock. This represents an increase of 175% compared to the average volume of 2,805 put options.
Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, July 16th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.56 earnings per share. Yum! Brands’s revenue was up 10.3% compared to the same quarter last year. On average, analysts predict that Yum! Brands will post $3.56 earnings per share for the current fiscal year.
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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