Oppenheimer Believes Yum! Brands (NYSE: YUM) Won’t Stop Here

By Ryan Adsit

Oppenheimer analyst Brian Bittner reiterated a Buy rating on Yum! Brands (NYSE: YUM) today. The company’s shares opened today at $73.89, close to its 52-week high of $74.50.

According to TipRanks.com, Bittner is a top 100 analyst with an average return of 12.6% and a 70.9% success rate. Bittner covers the Services sector, focusing on stocks such as Restaurant Brands International, Popeyes Louisiana Kitchen, and Jack In The Box Inc.

Currently, the analyst consensus on Yum! Brands is Moderate Buy and the average price target is $73, representing a -1.2% downside.

In a report issued on June 15, RBC Capital also reiterated a Buy rating on the stock with a $75 price target.

Based on Yum! Brands’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.42 billion and quarterly net profit of $280 million. In comparison, last year the company earned revenue of $2.62 billion and had a net profit of $391 million.

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Yum! Brands, Inc. is a quick service restaurant company, which engages in the development, operation, franchise, and licenses a system of restaurants. It operates through the following segments: YUM China, YUM India, KFC Division, Pizza Hut Division and Taco Bell Division. The YUM China which includes all operations in mainland China. The YUM India which includes all operations in India, Bangladesh, Nepal and Sri Lanka. The KFC Division which includes all operations of the KFC concept to outside of China Division and India Division. The Pizza Hut Division which includes all operations of the Pizza Hut concept outside of China Division and India Division. The Taco Bell Division which includes all operations of the Taco Bell concept outside of India Division. The company was founded in 1997 and is headquartered in Louisville, KY.