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YUM

Yum Brands (NYSE:YUM) has seen a 16.87% increase in short interest since its last report, with 5.24 million shares sold short, representing 1.87% of its float. It would take 2.68 days to cover these short positions. While an increase in short interest can indicate bearish sentiment, Yum Brands has less short interest compared to its peers' average of 9.20%. The rise in short interest doesn't necessarily predict a stock price drop.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 2:15 pm

MAR

Henri Giscard d’Estaing, co-CEO of Fosun Tourism and president of Club Med, has resigned from the board of Fosun Tourism. Despite rumors of a potential sale of Club Med due to Fosun's debt, the company's improved financials make a sale less likely. Fosun Tourism's revenue rose 39% in the first half of 2023, and Club Med's bookings for the second half of 2023 are up 23% from the same period in 2019. The company plans to open 17 new resorts in the next three years, focusing on growth in China and Southeast Asia.

Portfolio Pulse from The Bamboo Works

January 03, 2024 | 2:13 pm

BRBR

Truist Securities analyst Bill Chappell has downgraded BellRing Brands (NYSE:BRBR) from Buy to Hold and reduced the price target from $55 to $50.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 2:10 pm

LIAN

B of A Securities analyst Geoff Meacham has downgraded LianBio (NASDAQ:LIAN) from Buy to Underperform and reduced the price target from $5 to $3. This downgrade reflects a more bearish outlook on the company's stock by the analyst.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 2:09 pm

SBUX

Starbucks Corporation (NASDAQ:SBUX) announced a new initiative where customers in the U.S. and Canada can use their own clean cups to receive a $0.10 discount and, in the U.S., Starbucks Rewards members get 25 Bonus Stars. This move is part of Starbucks' goal to reduce waste by 50% by 2030. The company highlighted its unique position as the only national coffeehouse in the U.S. to allow personal cup use for mobile orders and the first in Canada to do so for all drink sizes. The announcement follows recent news of Starbucks' CEO addressing the damage to outlets amid the Israel-Hamas conflict, clarifying the company's values and beliefs. SBUX shares saw a slight premarket decrease of 0.13% to $93.54.

Portfolio Pulse from Nabaparna Bhattacharya

January 03, 2024 | 2:05 pm

WEN

Barclays analyst Jeffrey Bernstein has downgraded Wendy's (NASDAQ:WEN) from Overweight to Equal-Weight and set a price target of $21.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 2:03 pm

BLMN

DRI

Bloomin' Brands, Inc (BLMN) has reached a cooperation agreement with Starboard Value LP, which holds about 9.7% of BLMN's common stock. As part of the agreement, BLMN appointed two new directors: Dave George, former COO of Darden Restaurants Inc (DRI), and Jon Sagal, Partner at Starboard. Additionally, BLMN formed an operating committee to identify opportunities for improvement. BLMN shares dropped 2.98% to close at $27.31.

Portfolio Pulse from Shivani Kumaresan

January 03, 2024 | 2:02 pm

FC

Franklin Covey (NYSE:FC) is expected to release its quarterly earnings report on Thursday, 2024-01-04, with an estimated EPS of $0.19. Investors are looking for an earnings beat and positive guidance for future growth. Historically, FC's stock price has shown volatility post-earnings, with a mix of positive and negative reactions. Over the last year, FC shares have declined by 11.65%, indicating potential concern among long-term shareholders ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 2:01 pm

KRUS

Kura Sushi USA (NASDAQ:KRUS) is expected to release its quarterly earnings report on Thursday, 2024-01-04, with analysts predicting an EPS of $-0.10. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Kura Sushi's stock price has shown significant movement post-earnings announcement, regardless of beats or misses. Last quarter, the company beat EPS estimates by $0.01, but the stock dropped by 10.54% the following day. Over the past year, KRUS shares have increased by 51.31%, with the stock currently trading at $73.22.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 2:01 pm

SMPL

Simply Good Foods (NASDAQ:SMPL) is expected to release its quarterly earnings report on Thursday, 2024-01-04, with analysts predicting an EPS of $0.41. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, SMPL's stock price has reacted variably to earnings releases, with the last quarter showing a 4.17% increase despite meeting EPS estimates. Shares are currently trading at $39.71, up 13.91% over the last 52 weeks, indicating a positive sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 2:01 pm