Yum! Brands' Shares Leap 6.1% on Stellar Q2 Results

Shares of fast-food restaurant firm Yum! Brands, Inc. (YUM) closed 6.1% higher on Thursday after the company reported strong second-quarter 2021 results on the back of same-store sales growth across Read More... The post Yum! Brands' Shares Leap 6.1% on Stellar Q2 Results appeared first on TipRanks Financial Blog.

Yum! Brands' Shares Leap 6.1% on Stellar Q2 Results

Shares of fast-food restaurant firm Yum! Brands, Inc. (YUM) closed 6.1% higher on Thursday after the company reported strong second-quarter 2021 results on the back of same-store sales growth across all business divisions.

Yum! Brands operates 43,617 restaurants across 135 countries through its brands WingStreet, The Habit Burger Grill, Taco Bell, Pizza Hut and KFC. (See Yum stock chart on TipRanks)

Adjusted earnings per share (EPS) increased 41% year-over-year to $1.16, beating the Street’s estimate of $0.95. Total revenues grew 34% to $1.6 billion, surpassing analysts’ expectations of $1.48 billion.

KFC division’s sales surged 67% year-over-year to $682 million; sales of Pizza Hut division climbed 6% to $249 million; and Taco Bell division’s sales rose 19% to $532 million.

The CEO of Yum! Brands, David Gibbs, said, “On the basis of these strong results, we’re reinstating our long-term growth algorithm and revising the unit growth component of this algorithm from 4% unit growth to between 4% and 5% unit growth.”

Following the announcement of the second-quarter results, Cowen & Co. analyst Andrew Charles reiterated a Hold rating on the stock but raised the price target to $134 from $117 (2.8% upside potential).

The analyst said, “We are pleased with Yum's second-quarter performance and the confidence to reinstate long-term guidance + raise long-term net restaurant development to 4%-5% from 4%. We raise 2021-23 expected EPS by 7%.”

Overall, the stock has a Moderate Buy consensus based on 6 Buys, 5 Holds and 1 Sell. The average Yum! Brands price target of $127.90 implies nearly 2% downside potential. Shares of the company have gained 42.2% over the past year.

According to TipRanks’ Smart Score rating system, Yum scores a 9 out of 10, suggesting that the stock is likely to outperform market averages.

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The post Yum! Brands' Shares Leap 6.1% on Stellar Q2 Results appeared first on TipRanks Financial Blog.

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Why Did Mizuho Securities Downgrade Coinbase Global's Stock?

Coinbase Global (COIN – Research Report) received a Hold rating and a $210.00 price target from Mizuho Securities analyst Dan Dolev today. The company's shares closed last Thursday at $235.78, close to its 52-week low of $208.00. According to TipRanks.com, Dolev is ranked #672 out of 7609 analysts. Coinbase Global has an analyst consensus of Moderate Buy, with a price target consensus of $351.33. See today’s analyst top recommended stocks >> Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COIN in relation to earlier this year. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. Coinbase Global Inc is a provider of end-to-end financial infrastructure and technology for the crypto-economy. It generates substantially all its net revenue from transaction fees from trades that occur on its platform. Geographically, it derives a vast majority of its revenues from the US followed by the rest of the world. Read More on COIN: Canaccord Genuity Remains a Buy on CI Financial (CIFAF) Amazon Delivers Mixed Q2 Results; Shares Fall 7% After-Hours Yum! Brands’ Shares Leap 6.1% on Stellar Q2 Results Schneider National Beats Q2 Expectations; Shares Jump Upwork Q2 Results Beat Estimates; Shares Fall 4.4% The post Why Did Mizuho Securities Downgrade Coinbase Global's Stock? appeared first on TipRanks Financial Blog.

Why Did Mizuho Securities Downgrade Coinbase Global's Stock?

Coinbase Global (COIN – Research Report) received a Hold rating and a $210.00 price target from Mizuho Securities analyst Dan Dolev today. The company's shares closed last Thursday at $235.78, close to its 52-week low of $208.00.

According to TipRanks.com, Dolev is ranked #672 out of 7609 analysts.

Coinbase Global has an analyst consensus of Moderate Buy, with a price target consensus of $351.33.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COIN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Coinbase Global Inc is a provider of end-to-end financial infrastructure and technology for the crypto-economy. It generates substantially all its net revenue from transaction fees from trades that occur on its platform. Geographically, it derives a vast majority of its revenues from the US followed by the rest of the world.

Read More on COIN:

  • Canaccord Genuity Remains a Buy on CI Financial (CIFAF)
  • Amazon Delivers Mixed Q2 Results; Shares Fall 7% After-Hours
  • Yum! Brands’ Shares Leap 6.1% on Stellar Q2 Results
  • Schneider National Beats Q2 Expectations; Shares Jump
  • Upwork Q2 Results Beat Estimates; Shares Fall 4.4%

The post Why Did Mizuho Securities Downgrade Coinbase Global's Stock? appeared first on TipRanks Financial Blog.

Source : Tip Ranks More   

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