Yum! Brands, Inc. (YUM) Price Target Raised to $83.00
Yum! Brands, Inc. (NYSE:YUM) had its price target upped by Robert W. Baird from $78.00 to $83.00 in a research report issued on Friday. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Robert W. Baird’s price target would indicate a potential upside of 5.18% from the stock’s current price.
Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Thursday, July 20th. CIBC raised their price target on shares of Yum! Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $83.00 price target on shares of Yum! Brands in a research report on Monday, September 11th. Oppenheimer Holdings, Inc. raised their price target on shares of Yum! Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. Finally, Stifel Nicolaus initiated coverage on shares of Yum! Brands in a research report on Monday, October 2nd. They issued a “buy” rating and a $88.00 price target on the stock. Twelve analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $80.95.
Yum! Brands (NYSE YUM) traded down $0.24 during mid-day trading on Friday, hitting $78.91. 2,583,914 shares of the stock were exchanged, compared to its average volume of 1,871,481. The company has a market cap of $27,206.04, a PE ratio of 28.18, a PEG ratio of 2.40 and a beta of 0.86. The company has a quick ratio of 1.19, a current ratio of 1.42 and a debt-to-equity ratio of -1.55. Yum! Brands has a one year low of $59.57 and a one year high of $80.66.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Yum! Brands had a net margin of 18.51% and a negative return on equity of 17.19%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. research analysts forecast 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 Yum! Brands stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total value of $616,864.00. Following the completion of the transaction, the chief financial officer now directly owns 39,664 shares in the company, valued at approximately $2,935,136. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.38% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC purchased a new position in Yum! Brands in the 2nd quarter valued at approximately $104,000. Kistler Tiffany Companies LLC grew its stake in Yum! Brands by 0.5% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after buying an additional 7 shares in the last quarter. Founders Capital Management grew its stake in Yum! Brands by 164.5% in the 2nd quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 1,020 shares in the last quarter. Bruderman Asset Management LLC purchased a new position in Yum! Brands in the 2nd quarter valued at approximately $148,000. Finally, Sun Life Financial INC grew its stake in Yum! Brands by 19,991.7% in the 2nd quarter. Sun Life Financial INC now owns 2,411 shares of the restaurant operator’s stock valued at $178,000 after buying an additional 2,399 shares in the last quarter. Institutional investors and hedge funds 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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