Yum! Brands (NYSE:YUM) Price Target Raised to $160.00 at Oppenheimer

Yum! Brands (NYSE:YUM) had its target price boosted by stock analysts at Oppenheimer from $154.00 to $160.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price target points to a potential upside of 22.91% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. Bank of America decreased their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Loop Capital reduced their price objective on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft cut their target price on Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price target on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, TD Cowen reissued a “hold” rating and set a $145.00 price objective on shares of Yum! Brands in a research report on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Yum! Brands has a consensus rating of “Hold” and a consensus target price of $146.78.

Yum! Brands Stock Performance

YUM stock opened at $130.18 on Tuesday. The company has a market capitalization of $36.33 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 2.37 and a beta of 1.11. The business’s 50 day moving average price is $135.32 and its two-hundred day moving average price is $134.03. Yum! Brands has a fifty-two week low of $124.76 and a fifty-two week high of $143.20.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 EPS. Sell-side analysts forecast that Yum! Brands will post 5.47 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO David W. Gibbs sold 7,059 shares of Yum! Brands stock in a transaction on Friday, November 15th. The shares were sold at an average price of $135.94, for a total transaction of $959,600.46. Following the transaction, the chief executive officer now owns 149,385 shares in the company, valued at $20,307,396.90. This trade represents a 4.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 17,879 shares of company stock valued at $2,424,167. 0.31% of the stock is owned by insiders.

Hedge Funds Weigh In On Yum! Brands

Institutional investors have recently bought and sold shares of the stock. Safe Harbor Fiduciary LLC bought a new position in shares of Yum! Brands in the third quarter worth about $29,000. DiNuzzo Private Wealth Inc. lifted its holdings in Yum! Brands by 957.1% during the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 201 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Yum! Brands by 43.6% in the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 82 shares during the period. Kimelman & Baird LLC purchased a new stake in shares of Yum! Brands in the second quarter worth $37,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Yum! Brands during the 2nd quarter valued at $39,000. 82.37% of the stock is owned by institutional investors.

Yum! Brands Company Profile

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.