Yum! Brands (NYSE:YUM) PT Raised to $94.00 at Royal Bank of Canada

Yum! Brands (NYSE:YUM) had its price target hoisted by Royal Bank of Canada from $87.00 to $94.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm presently has a “sector perform” rating on the restaurant operator’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 3.24% from the stock’s current price.

Several other equities analysts have also commented on the stock. Zacks Investment Research upgraded shares of Yum! Brands from a “sell” rating to a “hold” rating and set a $92.00 price target on the stock in a research note on Saturday, May 30th. Credit Suisse Group increased their target price on shares of Yum! Brands from $84.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. MKM Partners boosted their price target on shares of Yum! Brands from $75.00 to $90.00 in a research report on Wednesday, June 24th. Stifel Nicolaus raised Yum! Brands from a “hold” rating to a “buy” rating and raised their price objective for the stock from $87.00 to $95.00 in a report on Thursday, May 14th. Finally, CSFB boosted their target price on Yum! Brands from $79.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Seventeen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Yum! Brands presently has an average rating of “Hold” and an average price target of $101.55.

Shares of YUM stock opened at $91.05 on Friday. The company has a market cap of $27.58 billion, a P/E ratio of 27.34, a PEG ratio of 2.59 and a beta of 0.95. The firm has a fifty day moving average price of $89.28 and a 200 day moving average price of $89.05. Yum! Brands has a 12 month low of $54.95 and a 12 month high of $119.72.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.30. Yum! Brands had a negative return on equity of 12.42% and a net margin of 18.78%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the business earned $0.93 EPS. Yum! Brands’s revenue for the quarter was down 8.5% on a year-over-year basis. As a group, equities analysts expect that Yum! Brands will post 2.86 earnings per share for the current fiscal year.

In other news, CEO David W. Gibbs sold 2,318 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $91.28, for a total transaction of $211,587.04. Following the transaction, the chief executive officer now directly owns 76,048 shares in the company, valued at $6,941,661.44. The sale 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 stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $87.68, for a total transaction of $197,367.68. Following the transaction, the chief executive officer now directly owns 76,048 shares of the company’s stock, valued at $6,667,888.64. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tarbox Family Office Inc. lifted its holdings in shares of Yum! Brands by 95.9% in the 2nd quarter. Tarbox Family Office Inc. now owns 290 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 142 shares during the period. Total Clarity Wealth Management Inc. purchased a new position in Yum! Brands in the fourth quarter worth $30,000. Ballast Advisors LLC acquired a new stake in Yum! Brands in the first quarter valued at $26,000. Perennial Advisors LLC acquired a new stake in Yum! Brands in the first quarter valued at $25,000. Finally, Capital Advisory Group Advisory Services LLC purchased a new stake in shares of Yum! Brands during the 1st quarter worth $27,000. 74.94% of the stock is currently owned by institutional investors.

About Yum! Brands

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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