In a report released today, Brian Bittner from Oppenheimer reiterated a Buy rating on Yum! Brands (YUM), with a price target of $100. The company’s shares closed on Tuesday at $90.68, close to its 52-week high of $93.24.
“Consistent with our investor day preview, YUM communicated impressive long- term financial targets—including double-digit EPS growth. And the ‘19 outlook specifically suggests next year’s earnings will outgrow this long-term algorithm, implying consensus needs to tick up estimates. The biggest brand themes were accelerating unit openings, leveraging digital/delivery platforms and turning around PH. Interestingly, we believe mgm’t is open to adding brands to the portfolio if financially and strategically accretive. Overall, the event reinforced our positive stance and forces us to reiterate our Outperform rating.”
According to TipRanks.com, Bittner is a top 100 analyst with an average return of 11.2% and a 68.9% success rate. Bittner covers the Services sector, focusing on stocks such as Restaurant Brands International, Jack In The Box Inc, and Cheesecake Factory.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Yum! Brands with a $95.18 average price target, a 5.0% upside from current levels. In a report issued on November 30, Cowen & Co. also assigned a Buy rating to the stock with a $100 price target.
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Yum! Brands’ market cap is currently $28.38B and has a P/E ratio of 18.52. The company has a Price to Book ratio of -3.81.
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Yum! Brands, Inc. is a quick service restaurant company, which engages in the development, operation, franchise, and licenses a system of restaurants. It operates through the following segments: KFC Division, Pizza Hut Division, and Taco Bell Division. The KFC Division segment comprises of all operations of the KFC concept.