Oppenheimer analyst Brian Bittner maintained a Hold rating on Yum China Holdings (NYSE: YUMC) yesterday. The company’s shares closed yesterday at $31.69, close to its 52-week low of $30.10.
Bittner observed:
“YUMC showed quarterly progress as KFC SSS improved and PH margins were better managed. However, negative sales trends at PH (-5% SSS) remain a drag moving forward and a near-term turnaround appears unlikely. Our August downgrade to Perform (8/17 @ $35.33/sh) was based on analysis revealing a lack of fundamental catalysts for meaningful earnings revisions. We believe this dynamic remains the governor to upside in shares moving forward. Outside of fundamentals, YUMC significantly increased its buyback program and now has $1B authorization left. Maintain Perform.”
According to TipRanks.com, Bittner is a 5-star analyst with an average return of 10.5% and a 66.6% success rate. Bittner covers the Services sector, focusing on stocks such as Restaurant Brands International, Jack In The Box Inc, and Cheesecake Factory.
Yum China Holdings has an analyst consensus of Hold.
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Yum China Holdings’ market cap is currently $12.2B and has a P/E ratio of 22.01. The company has a Price to Book ratio of 4.06.
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Yum China Holdings, Inc. engages in the management of restaurants and fast food chains. It operates through the following segments: Kentucky Fried Chicken (KFC), Pizza Hut Casual Dining, and All Other Segments. The KFC segment owns and operates KFC stores.
