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Yum! Brands (NYSE:YUM)

  • Giugno 23, 2023
  • Posted by: Oliver
  • Categoria: Economics, Finance & accounting
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Yum! Brands (NYSE:YUM)

Yum! Brands is the firm behind such names as KFC, Taco Bell, and Pizza Hut. The trio of reliable restaurant brands alone is worth a premium price of admission. However, when you also consider management’s willingness to experiment with new products, I do think Yum! stock makes for a terrific defensive growth play to ride out a rocky economic environment.Cowen went as far as to call Taco Bell a “crown jewel” in the Yum! portfolio. I couldn’t agree more. Though Yum! isn’t exactly a steal at these levels, I’m staying bullish as many investors may be underestimating recession risk amid the market’s latest run.It’s not so easy for a mature fast-food firm to give growth a jolt in such a competitive environment. Still, as more budget-constrained folks head to value-rich fast-food restaurants to save money, Yum! may have a chance to lure hungry consumers with intriguing menu items such as Taco Bell’s new vegan Crunchwrap. New offerings don’t always hit the spot, but they’re at least enough to get people in the doors.

At 26.2 times forward P/E and 5.6 times P/S, YUM stock is a quality name at a somewhat reasonable price.

What is the Price Target for YUM Stock?

Yum! Brands is a Moderate Buy, with 10 Buys and eight Holds assigned in the past three months. The average YUM stock price target of $149.06 entails a 7.6% gain from here.

 

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