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United Securities Tweaks Americana Restaurants International Price Target Amid 'Robust' Q3 Earnings
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03:26 AM EST, 11/02/2026 (MT Newswires) -- United Securities LLC "modestly" raised the price target on Americana Restaurants International (ADX:AMR, SASE:6015) following the release of the company's third-quarter financial statements. "Americana has delivered its seventh consecutive double-digit revenue and profit growth clearly evidencing the sustainability of its financial performance. While we believe the legacy issues are behind, the current scenario will continue to pose challenges in terms of margin pressure caused by supply chain disruptions. Considering the past track record, we are confident the management will be able to overcome these near-term hurdles," analysts wrote Sunday. The restaurant operator logged a 63% year-over-year increase in net profit to $70 million, surpassing United Securities' estimate by 20%. Revenue was up 14.4% annually to $712.3 million, which beat the research firm's forecast by 3.9%. "Americana continues to be the best play in the segment with world renowned brands, widest network and operational agility. We keep our forecast for the full year revenue and profit largely unchanged but increase our target price modestly to SAR 2.79 per share, considering the upside risk as well as the volatile macro-outlook. Our target price implies an upside potential of 8.2% from the current market price. We therefore provide a HOLD rating the stock," United Securities added.
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