Jim Cramer -- Yum! Brands Isn't a 'Jumping Up and Down' Buy
Yum! Brands, Inc. (YUM) - Get Report has had a good 2017 so far, with shares up about 20% on the year. Investors are hoping that momentum continues when the company reports earnings Thursday before the open.
Papa John's (PZZA) - Get Report and Domino's Pizza (DPZ) - Get Report both reported good domestic sales results. It will be interesting to see whether Yum's Pizza Hut division is able to deliver good results as well, TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, said from the floor of the New York Stock Exchange Wednesday.
The company's Taco Bell unit has been doing well and will likely continue to do so with the recent woes at Chipotle Mexican Grill (CMG) - Get Report , Cramer reasoned.
Yum! Brands, which is "a very well-run company," is also an interesting play now that it's not connected to Yum! China (YUMC) - Get Report , which is in a "challenged" state right now, he said.
While he likes YUM stock, Cramer said, "I'm not jumping up and down to buy it." However, with the recent dip from the low-$90s to the mid-$80s, Darden Restaurants, Inc. (DRI) - Get Report is looking more attractive, he concluded.
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At the time of publication, Cramer's Action Alerts PLUS had no position in any companies mentioned.