Yum! Brands (NYSE:YUM) released its quarterly earnings results on Thursday. The restaurant operator reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.30, MarketWatch Earnings reports. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Yum! Brands had a negative return on equity of 12.42% and a net margin of 18.78%. The company’s revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 EPS.
YUM opened at $91.05 on Friday. Yum! Brands has a one year low of $54.95 and a one year high of $119.72. The company has a market cap of $27.40 billion, a P/E ratio of 27.93, a PEG ratio of 2.58 and a beta of 0.95. The business’s 50-day simple moving average is $89.28 and its 200-day simple moving average is $89.05.
In other news, CEO David W. Gibbs sold 2,318 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $91.28, for a total value of $211,587.04. Following the transaction, the chief executive officer now owns 76,048 shares in the company, valued at approximately $6,941,661.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David W. Gibbs sold 2,251 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $87.68, for a total value of $197,367.68. Following the transaction, the chief executive officer now owns 76,048 shares in the company, valued at approximately $6,667,888.64. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Wolfe Research assumed coverage on Yum! Brands in a report on Friday, April 17th. They set a “market perform” rating for the company. Stifel Nicolaus raised Yum! Brands from a “hold” rating to a “buy” rating and increased their target price for the stock from $87.00 to $95.00 in a research note on Thursday, May 14th. UBS Group increased their target price on Yum! Brands from $105.00 to $108.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Royal Bank of Canada increased their target price on Yum! Brands from $87.00 to $94.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Morgan Stanley increased their target price on Yum! Brands from $100.00 to $103.00 and gave the stock an “overweight” rating in a research note on Friday. Seventeen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Yum! Brands presently has a consensus rating of “Hold” and a consensus price target of $101.55.
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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