In a report released today, Brian Bittner from Oppenheimer maintained a Hold rating on Yum China Holdings (YUMC). The company’s shares closed last Wednesday at $52.22.
According to TipRanks.com, Bittner is a 5-star analyst with an average return of 9.9% and a 68.5% success rate. Bittner covers the Services sector, focusing on stocks such as Restaurant Brands International, Papa John’s International, and BJ’s Restaurants.
Yum China Holdings has an analyst consensus of Strong Buy, with a price target consensus of $63.01.
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Based on Yum China Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.9 billion and net profit of $132 million. In comparison, last year the company earned revenue of $2.12 billion and had a net profit of $178 million.
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Yum China Holdings, Inc. engages in the operation and management of restaurants and fast food chains. It operates through the following segments: Kentucky Fried Chicken (KFC), Pizza Hut, and All Other Segments. The Pizza Hut segment covers the Pizza Hut casual dining and Pizza Hut home service. The All Other Segments segment includes East Dawning, Little Sheep, Taco Bell, and Daojia. The company was founded on April 1, 2016 and is headquartered in Shanghai, China.
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