Yum! Brands (NYSE:YUM)‘s stock had its “buy” rating reissued by stock analysts at Cowen in a research report issued on Thursday, March 15th. They presently have a $92.00 price objective on the restaurant operator’s stock. Cowen’s price target would suggest a potential upside of 8.93% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Sunday, January 21st. Barclays restated an “equal weight” rating and set a $84.00 price target (up previously from $79.00) on shares of Yum! Brands in a research report on Tuesday, January 16th. Royal Bank of Canada restated an “outperform” rating and set a $89.00 price target (down previously from $92.00) on shares of Yum! Brands in a research report on Friday, February 2nd. Wells Fargo lowered their price target on Yum! Brands from $85.00 to $82.00 and set a “market perform” rating on the stock in a research report on Friday, February 9th. Finally, Edward Jones upgraded Yum! Brands from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Fourteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Yum! Brands has a consensus rating of “Buy” and an average price target of $83.09.
NYSE:YUM traded down $1.55 during trading hours on Thursday, hitting $84.46. 1,891,611 shares of the company’s stock traded hands, compared to its average volume of 2,068,159. The firm has a market capitalization of $28,084.05, a price-to-earnings ratio of 28.44, a P/E/G ratio of 2.03 and a beta of 0.85. Yum! Brands has a 52 week low of $63.54 and a 52 week high of $86.93. The company has a debt-to-equity ratio of -1.49, a quick ratio of 1.65 and a current ratio of 1.66.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Thursday, February 8th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.16. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.59 billion. Yum! Brands had a negative return on equity of 17.27% and a net margin of 22.80%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the company earned $0.79 earnings per share. equities analysts forecast that Yum! Brands will post 3.27 earnings per share for the current fiscal year.
In related news, CEO Brian R. Niccol sold 945 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $79.90, for a total value of $75,505.50. Following the sale, the chief executive officer now directly owns 10,785 shares of the company’s stock, valued at $861,721.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian R. Niccol sold 2,294 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $84.90, for a total value of $194,760.60. Following the completion of the sale, the chief executive officer now directly owns 10,160 shares in the company, valued at $862,584. The disclosure for this sale can be found here. 7.38% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of YUM. Raymond James Financial Services Advisors Inc. grew its stake in shares of Yum! Brands by 13.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 125,052 shares of the restaurant operator’s stock worth $9,205,000 after purchasing an additional 14,803 shares during the last quarter. Jennison Associates LLC bought a new stake in Yum! Brands during the 3rd quarter valued at approximately $2,226,000. Sei Investments Co. boosted its position in Yum! Brands by 43.0% during the 3rd quarter. Sei Investments Co. now owns 197,148 shares of the restaurant operator’s stock valued at $14,513,000 after acquiring an additional 59,263 shares in the last quarter. New York State Common Retirement Fund boosted its position in Yum! Brands by 6.2% during the 3rd quarter. New York State Common Retirement Fund now owns 1,208,851 shares of the restaurant operator’s stock valued at $88,984,000 after acquiring an additional 70,400 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in Yum! Brands by 16.1% during the 3rd quarter. Toronto Dominion Bank now owns 130,221 shares of the restaurant operator’s stock valued at $9,583,000 after acquiring an additional 18,087 shares in the last quarter. 74.94% of the stock is currently owned by institutional investors.
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Yum! Brands Company Profile
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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