DMP - Deutsche Bank rates the stock as Sell
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Yum Brands released its earnings result for Pizza Hut within which the Australian division is highlighted. The numbers are a bit difficult to interpret, the broker notes, given a reporting calendar change and the acquisition of Eagle Boys within the period.
It appears to the broker, nevertheless, that sales have been broadly flat, which suggests the days of Domino's eating up Pizza Hut market share, as was the case for many years, may have reached a plateau. Sell and $36 target retained.
Sector: Consumer Services.
Target price is $36.00.Current Price is $49.06. Difference: ($13.06) - (brackets indicate current price is over target). If DMP meets the Deutsche Bank target it will return approximately -36% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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