Jefferies Group LLC Raises Yum! Brands, Inc. (YUM) Price Target to $75.00
Yum! Brands, Inc. (NYSE:YUM) had its price target upped by Jefferies Group LLC from $66.00 to $75.00 in a research note issued on Friday. The firm presently has a “hold” rating on the restaurant operator’s stock. Jefferies Group LLC’s price objective points to a potential downside of 4.96% from the stock’s previous close. Jefferies Group also issued estimates for Yum! Brands’ Q4 2017 earnings at $0.80 EPS, FY2017 earnings at $2.81 EPS, Q1 2018 earnings at $0.71 EPS, Q2 2018 earnings at $0.74 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.88 EPS and FY2018 earnings at $3.14 EPS.
YUM has been the topic of a number of other research reports. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, August 1st. Stifel Nicolaus assumed coverage on Yum! Brands in a research report on Monday, October 2nd. They set a “buy” rating and a $88.00 price target on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $83.00 price target on shares of Yum! Brands in a research report on Monday, September 11th. Barclays PLC boosted their price target on Yum! Brands from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Finally, UBS AG reissued a “positive” rating and set a $89.00 price target (up previously from $83.00) on shares of Yum! Brands in a research report on Friday. Twelve analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Yum! Brands currently has an average rating of “Buy” and an average target price of $80.95.
Yum! Brands (NYSE:YUM) traded down $0.24 during trading hours on Friday, hitting $78.91. The company had a trading volume of 2,583,914 shares, compared to its average volume of 1,871,481. The company has a current ratio of 1.42, a quick ratio of 1.19 and a debt-to-equity ratio of -1.55. The firm has a market capitalization of $27,206.04, a P/E ratio of 28.18, a P/E/G ratio of 2.40 and a beta of 0.86. Yum! Brands has a twelve month low of $59.57 and a twelve month high of $80.66.
Yum! Brands (NYSE:YUM) last released its earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.39 billion. Yum! Brands had a negative return on equity of 17.19% and a net margin of 18.51%. Yum! Brands’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. research analysts anticipate that Yum! Brands will post 2.8 EPS for the current year.
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In related news, CFO David W. Gibbs sold 8,336 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total value of $616,864.00. Following the completion of the sale, the chief financial officer now directly owns 39,664 shares in the company, valued at $2,935,136. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 7.38% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YUM. Acrospire Investment Management LLC bought a new stake in Yum! Brands during the second quarter worth $104,000. Kistler Tiffany Companies LLC lifted its stake in Yum! Brands by 0.5% during the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock worth $113,000 after purchasing an additional 7 shares during the last quarter. Founders Capital Management lifted its stake in Yum! Brands by 164.5% during the second quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock worth $121,000 after purchasing an additional 1,020 shares during the last quarter. Bruderman Asset Management LLC bought a new stake in Yum! Brands during the second quarter worth $148,000. Finally, Sun Life Financial INC lifted its stake in Yum! Brands by 19,991.7% during the second quarter. Sun Life Financial INC now owns 2,411 shares of the restaurant operator’s stock worth $178,000 after purchasing an additional 2,399 shares during the last quarter. Hedge funds and other institutional investors own 72.02% of the company’s stock.
Yum! Brands Company Profile
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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