|Bid||82.67 x 1400|
|Ask||85.00 x 1300|
|Day's Range||83.69 - 84.12|
|52 Week Range||72.61 - 88.07|
|PE Ratio (TTM)||17.82|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||1.44 (1.72%)|
|1y Target Est||88.50|
Oppenheimer analyst Brian Bittner downgraded Yum China Holdings Inc (NYSE: YUMC ) from Outperform to Perform and removed his $40 price target. The Thesis After spinning off from YUM! Brands, Inc. (NYSE: ...
The upgrade to CMG stock takes it from a rating of “In Line” to its new rating of “Overweight.” At the same time, the research firm also updated its 12-month price target for the stock. For comparison, Chipotle Mexican Grill stock was sitting at $493.32 when the markets closed on Tuesday. Morgan Stanley says that there are a few reasons that it is taking such a bullish approach to Chipotle Mexican Grill stock.
Amid a cost-laden operating environment, Yum! Brands (YUM) banks on refranchising and other efficiency initiatives to drive earnings.
China’s fast-food industry is in focus with the country’s sovereign wealth fund, China Investment Corp., and other investors said to be backing a takeover of Yum China Holdings Inc. The interest comes as the operator of the KFC and Pizza Hut brands in the country and other U.S. brands are reporting slowdowns. Here are some caveats for whoever bids for Yum China, valued at $13.6 billion. Chinese consumer spending is softening.
Investment firms are exploring a buyout of Yum China Holdings Inc (YUMC.N), the operator of KFC, Pizza Hut and Taco Bell in the world's second-largest economy, in what could be one of Asia's biggest M&A deals this year, sources close to the situation told Reuters. Yum China, which had a market value of $13.6 billion as of its closing price on Tuesday, was spun off from owner Yum Brands! Inc (YUM.N) in 2016 and later listed on the New York Stock Exchange. It is the biggest fast-food chain operator in China with over 8,100 restaurants in more than 1,200 cities.
Investment firms are exploring a buyout of Yum China Holdings Inc. (YUMC.N) in what could be one of Asia's biggest M&A deals this year, sources close to the situation told Reuters. Yum China, which had a market cap of $13 billion as of its closing price on Monday, was spun off from the KFC and Pizza Hut owner Yum Brands! Inc (YUM.N) in 2016 and later listed on the New York Stock Exchange. The firm itself has been discussing internally about switching to the Hong Kong bourse for a listing, because of the city's proximity to the Chinese market, potentially higher valuation and its convenient timezone for executives, a separate source with knowledge of the plan told Reuters.
China Investment Corp. is backing a potential takeover of Yum China Holdings Inc., people with knowledge of the matter said, in a deal that would be the biggest-ever Chinese acquisition of a consumer company. The sovereign fund and DCP Capital, the investment firm run by former KKR & Co. senior executives, are part of a consortium with Hillhouse Capital that’s considering a buyout of the operator of KFC and Pizza Hut outlets in China, according to the people. Yum China, spun off from Yum! Brands Inc. in 2016 and listed in New York, has a market value of $13.6 billion.
Papa John's (PZZA) sales are suffering after the ex-CEO of the company, John Schnatter, was publicly denounced for using racist language. Now, Domino's and Pizza Hut could steal more pizza market share.
MARKET PULSE Yum Brands Inc. (yum) whose portfolio of fast-food chains includes Taco Bell, KFC and Pizza Hut, said Friday that it has authorized up to $2 billion in share buybacks through the end of 2019.
Yum! Brands, Inc. Board of Directors declared a dividend of $0.36 per share of common stock. The quarterly dividend will be distributed September 7, 2018 to shareholders of record at the close of business on August 20, 2018.
Diners like the convenience and affordability of fast-food and fast-casual restaurants, a trend that shows no sign of slowing. Many of these chains have a presence across the country as they continue to expand. Here is a quick look at stories about the leading brands in the industry as recently reported by The Business Journals and other media.
NEW YORK, Aug. 09, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Omnicom ...
The pizza chain needs to do something deeper than simply removing John Schnatter's face from its logo, and it's planning to spend up to $50 million on a major re-brand.
Papa John’s (PZZA) has posted EPS of $0.36. A fall in revenue, a lower EBIT margin, and a higher effective tax rate lowered Papa John’s second-quarter EPS. Increased investments in various technological initiatives and greater franchise royalty waivers also contributed to the contraction in the company’s EBIT margin.
Papa John’s (PZZA) has posted revenue of $408.0 million compared to analysts’ expectation of $425.5 million due to lower-than-expected SSSG (same-store sales growth) in North America. The company’s systemwide SSSG in North America fell 6.1%, which was lower than analysts’ expectation of a fall of 4.9%. Year-over-year, Papa John’s revenue has fallen 6.2% due to negative SSSG and its refranchising of company-owned restaurants partially offset by the opening of new franchised restaurants.
Papa John’s (PZZA) posted its second-quarter earnings results after the market closed on August 7. The company posted adjusted EPS of $0.49 on revenue of $408.0 million. YoY (year-over-year), the company’s EPS fell 24.6%, while its revenue fell 6.2%.
As of August 3, Yum! Brands (YUM) was trading at $80.74. On the same day, analysts had set its average price target of $88.56, which represents a return potential of 8.2%.
Of all the valuation multiples available, we have opted for the forward PE (price-to-earnings) multiple for our analysis due to high visibility in Yum! Brands’ (YUM) future earnings. The forward PE multiple is calculated by dividing the company’s stock price from analysts’ earnings estimates for the next four quarters.
Yum! Brands (YUM) posted EPS (earnings per share) of $0.97. However, removing special items, the company’s adjusted EPS stood at $0.82, a 20.6% increase from $0.68 in the corresponding quarter of the previous year. The EPS growth was driven by expansion in the EBIT (earnings before interest and tax) margin, a lower effective tax rate, and share repurchases in the last four quarters partially offset by a decline in revenue.
Yum! Brands (YUM) posted overall SSSG (same-store sales growth) of 1.0% against analysts’ expectation of 2.0%. During the quarter, KFC posted SSSG of 2%, outperforming analysts’ expectation of 1.9%, while the SSSG of Pizza Hut and Taco Bell fell short of analysts’ expectations. Pizza Hut’s SSSG declined 1% during the quarter compared to analysts’ expectation of a 1% rise, while Taco Bell’s SSSG came in at 2% against analysts’ expectation of 2.7%.
The refranchising and closure of underperforming restaurants have resulted in the company now operating 760 fewer company-owned restaurants, which led to a decline in KFC’s revenue. Pizza Hut’s revenue increased 5.0% during the quarter due to the adoption of the new accounting standard, which contributed $75 million, and an increase in revenue from franchised restaurants due to the net addition of 630 units.
Yum! Brands (YUM) posted its second-quarter earnings before the market opened on August 2. The company posted adjusted EPS of $0.82 on revenues of $1.37 billion. Year-over-year, the company’s EPS has grown by 20.6%, while its revenue has fallen 5.5%.