|Bid||13.93 x 800|
|Ask||13.97 x 3200|
|Day's Range||13.92 - 13.99|
|52 Week Range||7.80 - 14.16|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||81.88|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Fast-food chain Taco Bell Corp. says it will pay managers $100,000 a year at some company-owned locations and offer paid sick time for all company workers as part of an overall push to improve its brand, as well as recruit and retain employees.
Restaurant operator Yum! Brands, Inc. (NYSE: YUM ) expanded its portfolio with the $375-million acquisition of Habit Burger Grill this week. Here's a look back at other notable M&A deals throughout Yum ...
Filipino chef from a Winston-Salem restaurant with Asian fare is the owner of the soon-to-open restaurant in Clemmons.
Yum Brands Inc. already had tacos, pizza and chicken in its portfolio. With the acquisition of Habit Restaurants Inc., it now has a burger chain as well. Yum expects the transaction to have “minimal” impact on adjusted earnings per share in 2020, to be accretive in 2021 and to increase after that.
Under terms of the deal, Yum would acquire all Habit stock for $14 per share in cash. The companies expect to complete the transaction by the end of the second quarter.
Yum! Brands, Inc. (NYSE: YUM ) on Monday announced it will acquire Habit Restaurants, Inc. (NASDAQ: HABT ) for $14 per share in cash at a total of $375 million. Yum Brands also owns Taco Bell, KFC, Pizza ...
The KFC, Pizza Hut and Taco Bell owner acquires the not-such-a-bad Habit Burger Grill Chain from Habit Restaurants for $375M. Are there more juicy acquisitions to come?
(Bloomberg) -- Yum! Brands Inc., the owner of Taco Bell, Pizza Hut and KFC, is adding hamburgers to its lineup with a $375 million deal to buy Habit Restaurants Inc.Yum announced Monday an agreement to acquire Irvine, California-based Habit, which sells chargrilled burgers, ahi tuna sandwiches and milkshakes from about 300 locations, mostly company owned, in the U.S. and China.Habit Burger represents a new niche for Yum: Fast-casual. The format, typically more expensive than McDonald’s and Burger King, still has drive-thru windows and competes with chains like Shake Shack and Five Guys. Habit has also added self-ordering kiosks.The acquisition is expected to close by the end of the second quarter. Habit Burger will remain in Irvine with current Chief Executive Officer Russell Bendel staying on and reporting to Yum CEO David Gibbs. Bendel said recently that Habit had expanded its presence in China to seven locations and has seen interest from other potential international franchisees. The chain is also opening restaurants in Cambodia.“There seems to be a lot of appeal of the concept in Asia,” Gibbs said in an interview. “China is a good opportunity. They already have a good start there.”Yum spun off its China division, Yum China Holdings Inc., in 2016 and the operator is one of the nation’s largest restaurant companies.The deal, which will be financed with cash and available credit, also reflects the increasingly crowded U.S. restaurant market. The fast-casual format continues to grow in appeal as fast-food chains vie for customers with steep discounts, and higher labor costs compress profit margins. Yum sees Habit growing mostly with franchising, Gibbs said, and will tap into its existing franchisee base to open new stores.Yum has shown willingness to buy and invest in other companies in recent years: It purchased a stake in delivery specialist Grubhub Inc. in 2018 and acquired QuickOrder, which makes software for online ordering.While Habit is dwarfed by Yum’s other brands, there are benefits to buying a smaller chain, Sanford C. Bernstein analyst Sara Senatore said in a note.“Yum has been intimating that it would be receptive to an acquisition,” she said. “We believe starting small is appropriate to mitigate risk and prove out the company’s ability to successfully integrate and grow a concept.”Yum shares fell 0.3% to $101.52 at 12:18 p.m. in New York trading. The stock rose 9.6% last year, trailing the S&P 500 Index.(Updates with CEO comments in fifth paragraph)To contact the reporter on this story: Leslie Patton in Chicago at email@example.comTo contact the editors responsible for this story: Sally Bakewell at firstname.lastname@example.org, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Yum Brands Inc. has kicked off the new year by announcing a major acquisition. The Louisville-based restaurant conglomerate is purchasing The Habit Restaurants Inc. (Nasdaq: HABT) for $375 million, according to a news release. The Habit Burger Grill, based in Irvine, Calif., has more than 270 restaurants with locations in 13 states throughout California, Arizona, Utah, New Jersey, Florida, Idaho, Virginia, Nevada, Washington, Maryland, Pennsylvania, North Carolina and South Carolina, as well as seven international locations.
Yum Brands Inc. and The Habit Restaurants Inc. announced that the Taco Bell parent has acquired The Habit Burger Grill company for $14 per share, or about $375 million. Yum Brands' portfolio also includes KFC and Pizza Hut. The Habit Burger Grill was founded in 1969 in California, and specializes in chargrilled, made-to-order burgers, chicken and tuna sandwiches, and more. Yum expects the transaction to have "minimal" impact on adjusted earnings per share in 2020, to be accretive in 2021 and to increase after that. The deal is expected to close in the second quarter of 2020. The Habit Burger Grill will continue to be managed by Chief Executive Russell Bendel, reporting to Yum Chief Executive David Gibbs. Yum shares have gained 11.4% over the past year, Habit Restaurants stock is down 2.8% and the S&P 500 index has gained 27.8% for the period.
Shares of Habit Restaurants surge after the parent of the KFC, Pizza Hut and Taco Bell brands said it is buying the restaurant chain for $14 a share in cash.
Papa John's (PZZA) continued international expansion plans, strategic partnerships, strong digital platform and various sales initiatives bode well.
It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]
Today we'll look at The Habit Restaurants, Inc. (NASDAQ:HABT) and reflect on its potential as an investment...
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The Habit Restaurants, Inc. (NASDAQ:HABT) shareholders will doubtless be very grateful to see the share price up 39...
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]