What did Endeavour Group report?

• Total group sales of $12.2 billion, up 1.3% year-on-year
• Group underlying EBIT of $845 million, down 8.7% from FY25
• Underlying NPAT of $363 million, down 14.8%
• Statutory NPAT of $52 million, down 87.8% reflecting significant items
• Fully franked final dividend of 1.2 cents per share (full-year payout ratio 59%)
• Cash realisation of 93%; net debt increased to $1.9 billion

What else do investors need to know?

Endeavour Group's retail sales momentum improved over the year, with Dan Murphy's and BWS seeing a combined sales lift of 1.0%. Online sales jumped 34.8% to $1.1 billion, now 11.6% of total retail sales. The business invested in lower shelf prices and competitive promotions, which weighed on gross profit margins.

Hotels delivered 4.2% sales growth, with renewed venues and 2,000 new gaming machines helping boost customer experience. The Hotels segment's EBIT rose 4.1% as guest satisfaction scores improved, and accommodation revenue was up a strong 9.3%.

Management reaffirmed a $300 million cost-out target by FY29, with plans for further transformation in both the retail and hotels businesses. Net debt rose due to higher capital expenditure and lower profits.

What did Endeavour Group management say?

Commenting on the results, Endeavour's CEO, Jayne Hrdlicka, said:

The F26 full year result reflects a period where the Group started to implement the actions required to execute its strategy and realise the potential of our portfolio of Retail and Hotel assets… Sales momentum in Retail is building with customers responding positively to our renewed focus on value and price leadership. Following the introduction of lower shelf prices in Dan Murphys at the end of Q1 F26, and the decision to lift our promotional competitiveness and value orientation across both Dan Murphyʼs and BWS, our Retail business is consistently gaining share, delivering 10 consecutive months of sales growth.

The Hotels portfolio will go through significant transformation in F27 to simplify the way we operate, deliver targeted investment in renewals and generally improve guest experiences. F27 will be a year of investment for the Group as we continue to execute the key initiatives required to transform all aspects of the business and establish a platform for sustainable future earnings growth.

What's next for Endeavour Group?

Looking ahead, Endeavour expects a year of investment in FY27, especially in its hotels portfolio, with up to 75 renewals and approximately 1,900 new gaming machines planned. Retail sales momentum has continued into the new year, but the group notes the outlook for consumer spending remains uncertain due to higher living costs and macroeconomic uncertainty.

The company has reaffirmed its focus on simplicity, value, and customer experience, while targeting further cost reduction. Capital expenditure for FY27 is guided between $550 million and $650 million, supporting digital transformation and network upgrades.

Endeavour Group share price snapshot

The Endeavour Group share price has been struggling versus the S&P/ASX 200 index (ASX: XJO) over the past 12 months, declining almost 20%.

View Original Announcement

The post Endeavour Group FY26 profit tumbles despite sales growth appeared first on The Motley Fool Australia.

Will the market be able to bounce back from this on Monday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set for a solid start to the week following a good session on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 41 points or 0.45% higher. In the United States, the Dow Jones rose 1%, the S&P 500 climbed 0.45%, and the Nasdaq pushed 0.45% higher.

Oil prices rise

It could be a positive start to the week for ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices rose on Friday night. According to Bloomberg, the WTI crude oil price was up 0.25% to US$87.06 a barrel and the Brent crude oil price was up 0.65% to US$94.39 a barrel. This was despite reports claiming that the Iranian government wants to end the war soon.

GYG shares downgraded

Guzman Y Gomez Ltd (ASX: GYG) shares are around fair value now following a recent rally according to analysts at Bell Potter. In response to the quick-service restaurant operator's FY 2026 results, the broker has downgraded its shares to a hold rating with an improved price target of $27.30. It commented: "While we think GYG is a clear leader in the QSR space after displaying strong comp sales growth, margin expansion, and further network growth opportunities, we see near-term cost headwinds and a consumer slow-down as a risk to FY27 guidance and view the current multiple as fairly valued. While we increase our PT ~11%, it is only a modest premium to the share price, so we downgrade to HOLD."

Gold price jumps

It is likely to be a strong start to the week for ASX 200 gold shares Capricorn Metals Ltd (ASX: CMM) and Northern Star Resources Ltd (ASX: NST) after the gold price jumped on Friday night. According to CNBC, the gold futures price was up 2.4% to US$4,680.6 an ounce. The precious metal hit a three-month high on US dollar weakness.

ASX 200 results

A number of ASX 200 shares will be on watch on Monday when they release their latest results. Among the names to watch are Dan Murphy's owner Endeavour Group (ASX: EDV) regional bank Bendigo and Adelaide Bank Ltd (ASX: BEN), lithium leader PLS Group (ASX: PLS), and health insurance company NIB Holdings Limited (ASX: NHF).

The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

As earnings season continues, brokers have lowered their ratings on several ASX 200 shares this week.

Let's see a sample.

BHP Group Ltd (ASX: BHP)

The BHP share price is $65.29, up 2.5% today and up 56% over 12 months. 

Morgans downgraded BHP shares after the miner's FY26 report.

The broker lowered its 12-month price target from $59.80 to $55.30.

This suggests a potential 15% downside ahead.

Northern Star Resources Ltd (ASX: NST)

The Northern Star Resources share price is $23.99, up 6.4% today and up 32% over 12 months. 

Citi downgraded the ASX 200 gold share to a hold call after the miner's FY26 report.

The broker has a price target of $24.30, indicating just a 1% upside over the next 12 months.

Judo Capital Holdings Ltd (ASX: JDO)

The Judo share price is $1, down 1.8% today and down 45% over 12 months. 

Jarden downgraded the ASX 200 bank share to a sell rating after its FY26 report.

The broker has a $1.25 target, implying a potential 25% upside ahead.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price is $4.25, up 2.4% today and down 82% over 12 months. 

Morgan Stanley downgraded the ASX 200 consumer discretionary share to a hold rating on Thursday.

This followed the online furniture retailer's FY26 report.

The broker has a 12-month price target of $4.23, suggesting a 13% upside from here.

Endeavour Group Ltd (ASX: EDV)

The Endeavour share price is $3.50, up 2.6% today and down 17% over 12 months. 

Bell Potter downgraded the ASX 200 consumer staples share to a hold call with a $3.60 target.

This followed the liquor and hotel operator's unaudited preliminary results for FY26.

The target implies just 3% potential upside ahead.

QBE Insurance Group Ltd (ASX: QBE)

The QBE share price is $21.75, down 4% today and up 0.8% over 12 months. 

Jarden downgraded the ASX 200 financial share to a sell rating after the insurer's 1H FY26 report.

The broker has a $20.30 target, indicating a 6% downside ahead.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is $7.50, down 0.7% today and up 17% over 12 months. 

Morgans downgraded the ASX 200 coal share from buy to hold after the miner's FY26 report.

The broker reduced its 12-month price target from $8.50 to $8.05.

This implies a potential 7% upside ahead.

The broker said:

The effects of poor coal prices in the 1H provided a significant headwind for the full-year result.

FY27 guidance was softer than expected, with production growth appearing limited given the unchanged upper end of group guidance, while both costs and capital expenditure expectations have moved higher.

HomeCo Daily Needs REIT (ASX: HDN)

The HomeCo Daily Needs REIT is $1.15 per share, down 0.4% today and down 13% over 12 months. 

Jefferies downgraded the real estate investment trust (REIT) to a hold rating this week.

The change came after HomeCo's FY26 report.

The broker lowered its price target from $1.44 to $1.30.

This suggests potential capital growth of 13% over the next year. 

Reliance Worldwide Corp Ltd (ASX: RWC)

The Reliance share price is $4.83, down 0.6% today and up 4% over 12 months. 

Jarden downgraded Reliance shares to a hold call after the company released its FY26 report and revealed a takeover offer of $4.75 per share.

The broker increased its target price from $4.25 to $4.75.

This implies a potential 8% upside ahead.

Imdex (ASX: IMD)

The Imdex share price is $3.85, up 3.2% today and up 15% over 12 months. 

Imdex provides cloud-connected devices and solutions that help miners find, define, and mine ore bodies.

Bell Potter downgraded the ASX 200 materials share to a hold rating on Tuesday.

This followed Imdex's FY26 report.

The broker reduced its 12-month price target from $4.60 to $4.

This suggests a potential 4% upside ahead.

The post 10 ASX 200 shares downgraded by analysts this week appeared first on The Motley Fool Australia.

Let's take a look at some new expert ratings.

Wildcat Resources Ltd (ASX: WC8)

The Wildcat Resources share price is 40 cents, down 5.4% today and up 101% over 12 months. 

Arthur Garipoli from Dolphin Partners has a buy rating on this ASX 200 lithium share. 

On The Bull this week, Garipoli explained:

This Western Australian explorer is advancing the Tabba Tabba Lithium-Tantalum project, which is a large-scale, hard rock development in an established mining jurisdiction with low sovereign risk and close to Port Hedland infrastructure.

The recent share price fall may represent a good entry opportunity for investors looking for a recovery in lithium markets and in a company with near term catalysts.

WC8 has completed a pre-feasibility study. A large resource base and an upcoming definitive feasibility study de-risks the company.

In our view, WC8 represents a compelling risk-reward scenario.

Centuria Industrial REIT (ASX: CIP)

Centuria Industrial REIT shares are $3.04, down 0.2% today and down 9% over 12 months. 

Bell Potter has a hold rating and $3.35 price target on this ASX real estate investment trust (REIT).

Analyst Andy MacFarlane said:

CIP announced its FY26 result with FFO / share of 18.2c slightly below BPe (-2%) and Visible Alpha consensus (-1%), and at the bottom end of its guidance range.

FY27 guidance provided for FFO / share range of 18.8c – 19.2c (BPe 18.3c; VA consensus 18.7c) and DPS of 17.3c (BPe 16.8c, VA consensus 17.0c).

A solid result for CIP with some plus and minuses, but ultimately the forward earnings outcome to be driven by two leasing campaigns, as it navigates higher CoD which will increase again into FY28 (all else equal) as it explores ways to fund its growth ambitions.

Endeavour Group Ltd (ASX: EDV)

The Endeavour share price is $3.47, down 1.6% today and down 17% over 12 months. 

Garipoli has a sell rating on this ASX 200 consumer staples share. 

He commented on the liquor and hotel operator's unaudited preliminary results for FY26:

Total group sales of $12.212 billion were up 1.3 per cent on the prior corresponding period. However, total group underlying net profit after tax of $363 million was down from $426 million in full year 2025.

The group expects to recognise after tax significant items, predominately non-cash, of $311 million.

The recent share price recovery since the start of June and August 13 provides an opportunity for investors to cash in some gains.

In our view, better investment opportunities exist elsewhere given recent numbers and high cost of living expenses.

The post Buy, hold, sell: Centuria Industrial REIT, Endeavour, Wildcat Resources shares appeared first on The Motley Fool Australia.

But exactly how much superannuation do you need to be able to earn passive income as high as $50,000 every single year?

Let's investigate.

How much do I need in my superannuation to generate an annual $50,000 passive income?

The calculation is simple. You need to divide your annual passive income by the dividend yield of your total portfolio, and it'll give you the amount you'll need to invest.

The tricky part is that the answer varies significantly depending on your portfolio's actual yield.

That means a 3% yielding superannuation portfolio would need to be double the size of one that yields 6%.

For $50,000 in passive income on a portfolio yielding 3%, you'd need a superannuation balance of around $1.66 million, because $50,000 ÷ 3% = $1,666,666.

Then, if your portfolio yields closer to 4%, you'd need a superannuation balance closer to $1.25 million to earn the same passive income.

To earn $50,000 per year on a 5% yielding portfolio, your balance would need to be around $1 million.

Increase that to 6%, and you'd need more like $833,000.

If you go higher again to 7% or 8%, you'd be able to earn $50,000 in annual passive income from a $714,000 or $625,000 balance, respectively.

And so on. The higher your yield is, the lower your superannuation balance needs to be.

Can't I just invest in the highest-yielding ASX shares so that I can earn the same amount off of a lower superannuation balance?

Yes, but it doesn't make good investment sense. 

When it comes to ASX dividend shares, generally the higher the yield, the higher the risk associated with that stock.

Ideally, you want a diversified portfolio of a range of good-quality ASX shares from different sectors and with a variety of different yields. 

And remember, you don't need to invest the whole sum in one go. Start with a monthly investment and let compound growth do some of the hard work for you.

Give me some examples of ASX shares that I could look at

ASX blue-chip shares like BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), and CSL Ltd (ASX: CSL) all yield around the 3% level.

If you want something that yields a little higher, at around 4% or 5%, my picks would be something like Telstra Group Ltd (ASX: TLS), Endeavour Group Ltd (ASX: EDV) and NIB Holdings Ltd (ASX: NHF).

Then, for higher-yielding ASX shares, my picks would be APA Group (ASX: APA), Metcash Ltd (ASX: MTS), Fortescue Ltd (ASX: FMG), or Lendlease Group (ASX: LLC). At the time of writing, these shares yield between 6% and 8%.

The post How much do I need in my superannuation to earn $50,000 per year in passive income? appeared first on The Motley Fool Australia.

Let's see what the broker is saying about these ASX shares this morning:

Endeavour Group Ltd (ASX: EDV)

Bell Potter has downgraded this drinks giant's shares to a hold rating with a reduced price target of $3.60 following the release of its FY 2026 results.

While the broker is feeling reasonably upbeat about the BWS and Dan Murphy's owner, it feels that any potential upgrades are already priced in. It said:

We see consensus revision risk as skewed to the upside, with Retail yet to fully benefit from improved consumer price perception following the shelf price resets. However, the current value-to-growth arithmetic suggests these potential upgrades are already priced in, with EDV sitting at the more expensive end of ASX 100 valuations. 

We note that VA consensus has yet to reflect an uplift in Hotels EBIT despite the company's accelerated investment in Hotel renewals, presenting further upside to earnings in FY29 onwards, although this is likely offset by rent reviews which will impact FY29-30.

JB Hi-Fi Ltd (ASX: JBH)

Bell Potter remains positive on this retail giant following the release of its FY 2026 results.

Although the broker suspects that trading conditions could remain challenging in the near term, the broker believes this will be a cyclical low. As a result, it has retained its buy rating with a trimmed price target of $81.00. Bell Potter said:

While we anticipate challenging trading conditions over the next ~9 months for the overall Consumer Discretionary sector with our views of FY27 as the cyclical low point for most retailers, we see the ability of JBH to relatively outperform the peer group from 2H27e onwards.

New Hope Corporation Ltd (ASX: NHC)

The broker has retained its hold rating and $5.00 price target on this coal miner's shares following its results release.

While pleased with its performance in FY 2026 and positive on its outlook, Bell Potter appears to believe its shares are fully valued now. It explains: 

We retain a Hold recommendation and apply a 10% premium to our sum of the parts valuation with energy security concerns exacerbated by geopolitical issues. NHC's low-cost operations will continue to underpin margins through the coal price cycle, funding capital expenditure commitments and supporting shareholder returns. 

Beyond ramp-up of New Acland Stage 3, we see a limited organic production growth pipeline and believe NHC may participate in industry consolidation.

The post Buy, hold, sell: Endeavour, JB Hi-Fi, and New Hope shares  appeared first on The Motley Fool Australia.

Meanwhile, let's check out some fresh ratings from Morgans.

Light & Wonder Inc CDI (ASX: LNW)

The Light & Wonder share price is $119.61, up 1.4% today and down 12% over 12 months. 

Morgans maintained its buy recommendation on this ASX 200 consumer discretionary share. 

The broker increased its 12-month price target from $168 to $174.

This implies a potential 45% upside ahead.

The changes followed Light & Wonder's 2Q FY26 update yesterday.

Morgans said: 

The highlight was margin, where disciplined cost management and a favourable mix drove expansion across all three segments.

We think most of that gain holds through the balance of the year, even as mix shifts toward lower-margin outright sales in a heavily fourth-quarter weighted finish.

We forecast 6.3% growth in consolidated adjusted EBITDA in FY26, with 3Q and 4Q representing 26% and 28% of the full-year outcome, respectively.

Transurban Group (ASX: TCL)

The Transurban share price is $14.68, down 0.1% today and up 6% over 12 months. 

Morgans recommends investors trim their positions in Transurban shares.

The broker raised its 12-month price target from $12.50 to $12.63.

This implies a potential 14% downside from here.

Transurban issued an update on NSW toll reform and June traffic volumes this week.

Morgans commented:  

We incorporate the impact of Sydney toll reforms (subject to definitive agreements and various approvals expected in 2HCY26) and 2H26 monthly traffic data into our forecasts and valuation.

TCL said the toll reforms were structured to be value neutral and not impact "near term" DPS. We largely agree on value – our target price adjusts -11 cps to $12.63/s albeit this includes actual June quarter CPI lower than we had expected.

The near- term DPS impact is mitigated by key reform changes not applying until FY28.

In coming years we expect TCL's EBITDA growth to be constrained by Melbourne weakness while its interest costs (paid and expensed) rise faster than consensus expectations.

TRIM ahead of first-time FY27 DPS guidance.

Endeavour Group Ltd (ASX: EDV)

The Endeavour share price is $3.45, up 0.4% today and down 15% over 12 months. 

Morgans downgraded the ASX 200 consumer staples share from hold to trim this week.

The broker raised its 12-month price target from $2.80 to $3.20.

This indicates a potential 7% downside ahead.

The changes followed Endeavour's preliminary FY26 report.

Endeavour disclosed a 1.3% lift year over year in group sales to $12,212 million.

However, the underlying net profit after tax (NPAT) fell to $363 million, down from $426 million in FY25.

Morgans said the preliminary figures for underlying sales, EBIT, and NPAT were mostly in line with expectations, but noted higher costs.

The broker increased its 12-month target price "due to an uplift in peer valuation multiples".

Morgans added:

We expect liquor demand to remain under pressure amid elevated interest rates, ongoing cost-of-living pressures and an uncertain macroeconomic backdrop.

The new management strategy also carries execution risk, in our view.

Endeavour will release its finalised FY26 results on 24 August.

The post Buy, hold, sell: Light & Wonder, Transurban, Endeavour shares appeared first on The Motley Fool Australia.

Brokers have reduced their ratings on numerous ASX shares this week.

Let's take a look at a few of them.

Endeavour Group Ltd (ASX: EDV)

The Endeavour share price is $3.44, up 0.2% today and down 15% over 12 months. 

Morgans downgraded the ASX 200 consumer staples share from hold to trim yesterday.

The broker lifted its 12-month price target from $2.80 to $3.20.

This implies a potential 7% downside ahead.

The changes came after Endeavour released its preliminary FY26 results.

Endeavour revealed a 1.3% lift year over year in group sales to $12,212 million.

However, the underlying net profit after tax (NPAT) fell to $363 million, down from $426 million in FY25.

Morgans commented:

EDV has provided some preliminary numbers for FY26 with underlying sales, EBIT and NPAT largely in line with expectations.

The company has, however, announced $372m ($311m after tax) in one-off costs (both cash and non-cash) relating to the write down of carrying values for assets as well as costs associated with the implementation of its strategy review.

Further details on EDV's performance are due to be released at its FY26 result on 24 August.

We decrease FY27F and FY28F underlying EBIT by 2%. Despite this, our target price increases to $3.20 (from $2.80) due to an uplift in peer valuation multiples.

We expect liquor demand to remain under pressure amid elevated interest rates, ongoing cost-of-living pressures and an uncertain macroeconomic backdrop.

The new management strategy also carries execution risk, in our view.

Firefly Metals Ltd (ASX: FFM)

The Firefly Metals share price is $1.93, up 5.2% today and up 87% over 12 months. 

MA Financial downgraded the copper and gold mining share to a hold rating on Tuesday.

The broker has a 12-month price target of $1.90.

This suggests a potential 55% upside ahead.

APA Group (ASX: APA)

The APA share price is $10.07, down 1% today and up 17% over 12 months. 

Jarden downgraded the ASX 200 utilities share to a hold rating on Wednesday.

The broker has a 12-month price target of $10.25.

This implies just a 2% upside ahead.

APA will announce its FY26 results on Thursday, 20 August.

Guzman y Gomez Ltd (ASX: GYG)

The Guzman Y Gomez share price is $24.88, down 0.3% today and down 12% over 12 months. 

UBS downgraded the ASX 200 consumer discretionary share to a hold rating yesterday.

The broker raised its 12-month price target from $24 to $28.

This indicates potential capital gains of 12% over the next year. 

The Mexican restaurant franchise group will announce its FY26 results on Friday, 21 August.

Northern Star Resources Ltd (ASX: NST)

Northern Star Resources shares are $22.34, up 3.9% today and up 30% over 12 months. 

Morgans downgraded the ASX 200 gold share from buy to accumulate following the miner's June quarter report.

The broker lowered its 12-month price target from $26 to $24.

This suggests a potential 7% upside ahead.

The post 5 ASX shares downgraded by brokers this week appeared first on The Motley Fool Australia.

What did Endeavour Group report?

• Total group sales climbed 1.3% year over year to $12,212 million.
• Retail sales edged up 0.7% to $10,016 million; hotels sales rose 4.2% to $2,196 million.
• Total group underlying EBIT dropped to $845 million from $926 million in FY25.
• Underlying NPAT fell to $363 million, down from $426 million last year.
• Significant items after tax totalled $311 million, mostly non-cash write-downs and one-off costs.

What else do investors need to know?

The group's bottom line was impacted by $372 million in pre-tax significant items, mainly related to non-cash asset write-downs across legacy technology, property, and inventory, as part of a broader strategic review. Cash costs were also booked for restructuring, the establishment of a new business services function, and the transition relating to its agreement with Woolworths to close the Melbourne Liquor Distribution Centre in 2028.

Endeavour is simplifying its operations, including rationalising its portfolio—impairing 75 retail stores, 25 hotels, and adjusting the value of vineyards now set for closure or sale. Some of these moves aim to help the business focus on key areas and support its ongoing transformation.

What did Endeavour Group management say?

Jayne Hrdlicka, Endeavour Group Managing Director and CEO, said;

After a comprehensive review of our portfolio, we have reassessed the carrying value of some of our assets including legacy technology systems, wineries and vineyards and a small number of Retail stores and Hotels. Following the reset of our asset base and simplification of our portfolio we are now well placed to focus our capital and resources on maximising the value of our core businesses through our multi-year business transformation strategy.

What's next for Endeavour Group?

Management has flagged that the significant items and portfolio simplification are setting the business up to streamline operations and concentrate investment in its core retail and hotels brands moving forward. The group will provide more details in its final audited results and full-year presentation on 24 August 2026.

Endeavour's outlook includes ongoing cost reductions, business transformation, and targeting greater returns from a more focused asset base. Investors can expect the company's dividend policy to remain based on underlying NPAT.

Endeavour Group share price snapshot

It has been a tough 12 months for the Endeavour Group share price. During this time, the drinks giant's shares have fallen 14%, which compares unfavourably to a 4.3% gain by the S&P/ASX 200 index (ASX: XJO).

View Original Announcement

The post Endeavour Group share price in focus after FY26 earnings drop appeared first on The Motley Fool Australia.

Among the 11 market sectors, energy is in the lead today, up 2.9%, while materials is the laggard, down 2.3%. 

Meanwhile, on The Bull, three experts give us their views on three ASX 200 shares.

Let's check them out.   

Resmed CDI (ASX: RMD)

Resmed shares are $31.37 apiece, down 0.2% on Wednesday.

The Resmed share price fell 26.6% to $28.88 in FY26 amid a broader healthcare sector downturn.

Blake Halligan from Catapult Wealth has a buy rating on this ASX 200 healthcare share.

Halligan said:

ResMed is a global leader in sleep apnoea devices and digital health platforms, benefiting from strong structural demand and resilient clinical positioning.

Despite the progression in GLP-1 therapies for treating sleep apnoea, ResMed's CPAP (continuous positive airway pressure) treatments remain superior at this point in time.

RMD continues to offer appealing growth, income and defensive healthcare exposure.

Goodman Group (ASX: GMG)

The Goodman Group share price is $30.07, down 2% today.

Goodman Group shares fell 9.1% in FY26 and finished the year at $31.13 on 30 June.

Remo Greco from Sanlam Private Wealth has a hold rating on this ASX 200 real estate investment trust (REIT).

Greco said: 

Goodman Group is a global industrial property and data centre developer. Data centres under construction represent 73 per cent of work in progress, according to the company's third quarter update in fiscal year 2026.

In our view, GMG trades at an elevated valuation, reflecting a lot of potential growth options for the business. The shares have risen from $25.08 on March 30 to trade at $30.645 on July 2.

Investors can continue holding the stock after a recent strong share price performance, but should monitor the news flow to gauge if developments are meeting investor expectations.

Endeavour Group Ltd (ASX: EDV)

Endeavour shares are $3.41 apiece, up 1.6% today.

The Endeavour share price fell 19% to close out FY26 at $3.25 on 30 June.

James Bills from Shaw and Partners has a sell rating on this ASX 200 consumer staples share. 

Bills said: 

Endeavour operates liquor outlets, hotels and gaming facilities. It's navigating a more challenging consumer environment amid cost pressures in fiercely competitive sectors.

While the company has a strong asset base and market position, we believe near term performance is likely to remain subdued.

With limited catalysts for a re-rating, the stock lacks appeal at this stage of the cycle, in our view.

The shares have fallen from $4.04 on March 2 to trade at $3.375 on July 2.

The post Buy, hold, sell: Goodman Group, Endeavour, Resmed shares appeared first on The Motley Fool Australia.

Now the two S&P/ASX 200 Index (ASX: XJO) stocks have delivered widely different returns over the past year, which leads to different reasoning behind those sell recommendations.

For example, ASX 200 lithium stock PLS– formerly known as Pilbara Minerals – has been on a tear amid surging global lithium prices.

On Monday afternoon, PLS shares were trading for $5.15 apiece. That sees the share price up an eye-popping 254.8% over 12 months.

As for Endeavour, shares in the ASX 200 liquor outlets, hotels and gaming venue owner and operator were changing hands for $3.34 each on Monday. This puts the Endeavour share price down 19.7% over 12 months.

Now I should note that Endeavour did pay 17.1 cents a share in fully franked dividends over the past year. Endeavour shares trade on a fully franked trailing dividend yield of 3.3%.

But that's not keeping the ASX 200 stock from joining PLS shares on the chopping block.

Time to sell PLS shares?

Catapult Wealth's Blake Halligan recently analysed the outlook for the ASX lithium producer (courtesy of The Bull).

"PLS Group is a leading Australian lithium producer focused on spodumene concentrate," he said.

Commenting on the recent strong run higher in PLS shares, Halligan noted:

Over the past three months, sentiment has been driven by a sharp rebound in spot spodumene prices and improving earnings expectations. Stronger spodumene prices are triggering global supply re-starts and expansions.

But following on the big share price gains, Halligan believes investors would do well to take profits on the lithium stock.

He concluded, "The company's valuation already reflects elevated prices amid supply growth potentially adding pressure on margins."

Which brings us to…

Time to exit Endeavour shares?

Atop selling PLS shares investors also might want to consider unloading Endeavour shares.

That's according to Shaw and Partners James Bills.

"Endeavour operates liquor outlets, hotels and gaming facilities," Bills said.

"It's navigating a more challenging consumer environment amid cost pressures in fiercely competitive sectors.," he noted.

Summarising his sell recommendation on Endeavour shares, Bills concluded:

While the company has a strong asset base and market position, we believe near term performance is likely to remain subdued. With limited catalysts for a re-rating, the stock lacks appeal at this stage of the cycle, in our view. The shares have fallen from $4.04 on March 2 to trade at $3.375 on July 2.

The post Sell alert! Why these experts are calling time on Endeavour and PLS shares appeared first on The Motley Fool Australia.

It was a fairly horrid end to the trading week for the S&P/ASX 200 Index (ASX: XJO) and many ASX shares this Friday. After investors' mood seemed to sour over yesterday's session, it curdled even further today, with the ASX 200 falling by a nasty 0.92% by the end of trading.

That leaves the index at 8,828.7 points as we head into the weekend.

This rough end to the trading week for ASX investors follows a far more pleasant session for the American markets overnight.

The Dow Jones Industrial Average Index (DJX: .DJI) was a little timid, rising by 0.14%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was more decisive, though, shooting up 1.91%.

But let's return to the ASX now and take a closer look at what was going on amongst the various ASX sectors in today's tough trading conditions.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

It was a bit of a wild session for the ASX 200 today, with the index dipping into the red at one point. But investors regained their optimism, and the index finished 0.57% higher at 8,653.3 points.

This successful session for Australian investors comes after a mixed night on the American markets.

The Dow Jones Industrial Average Index (DJX: .DJI) fared decently, rising by 0.17%.

However, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) went the other way, dropping a chunky 0.97%.

But let's return to the local markets now and dive a little deeper into what the different ASX sectors were up to today.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

After opening sharply lower compared to yesterday's close, the ASX 200 remained in red territory all session and ended up closing down 1.13%. That leaves the index at 8,686.1 points.

This tough day on the local bourse for Australian investors came after a similarly bearish session on Wall Street last night.

The Dow Jones Industrial Average Index (DJX: .DJI) was in a foul mood, dropping 1.21%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) wasn't much better, falling 0.89%.

But let's return to ASX shares now and take a look at how today's tough trading conditions percolated down into the different ASX sectors today.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Data shows 124 ASX 200 companies are in the red today.

This includes a hefty 3.7% share price decline for the market's largest listed company, BHP Group Ltd (ASX: BHP).

Meanwhile, several brokers have lifted their ratings on select ASX shares this week.

Let's take a look.

Endeavour Group Ltd (ASX: EDV)

The Endeavour share price is $2.98, up 3.7% today and down 19% in the calendar year to date (YTD).

Last week, Endeavour unveiled a strategy involving $300 million in cost savings by FY29, including $100 million in FY27.

The group wants to strengthen Dan Murphy's price leadership, modernise BWS' digital experience, and lift its hotels performance. 

Endeavour will divest non-core assets, including most of its winery and vineyard portfolio.

The group also lowered its dividend payout ratio to a range of 50% to 75% of underlying net profit after tax (NPAT).

Citi upgraded the ASX 200 consumer discretionary share to a buy rating on Wednesday.

However, the broker reduced its 12-month price target from $3.45 to $3.25.

This still implies a potential near-10% upside ahead.

BHP Group Ltd (ASX: BHP)

The BHP Group share price is $62.51, down 3.7% today, and up 40% over six months.

Germany's DZ Bank AG upgraded the ASX 200 mining share to a hold rating this week.

DZ Bank has a $65 price target on BHP shares.

This suggests that only 4% upside is left for the next 12 months.

Graincorp Ltd (ASX: GNC)

The Graincorp share price is $5.09, up 2% today, and down 38% over six months.

Jarden upgraded the ASX 200 consumer staples share to a hold rating on Tuesday.

The broker lowered its price target from $5.50 to $5.40.

This implies potential capital growth of 6% over the next year.

Dicker Data Ltd (ASX: DDR)

The Dicker Data share price is $11.16, down 1.4% today.

Over the past month, this ASX 200 technology share has lifted 22%.

Morgan Stanley upgraded Dicker Data shares to a buy rating this week.

The broker raised its 12-month price target from $10.30 to $11.

This implies the tech stock is fully valued today.

Nufarm Ltd (ASX: NUF) 

The Nufarm share price is $2.87, up 0.7% on Thursday and up 24% YTD.

UBS upgraded the chemical and seed technology company to a buy rating this week.

Following Nufarm's FY25 results, the broker lifted its target on the ASX 200 agriculture share from $2.80 to $3.50.

This suggests a 22% upside is on the way.

Sims Ltd (ASX: SGM)

The Sims share price is $27.68, down 2.5% today and up 52% YTD.

Morgan Stanley upgraded Sims shares to a hold rating on Monday.

The broker has a $24 target, implying a 13% downside over the next 12 months.

Tabcorp Holdings Ltd (ASX: TAH)

The Tabcorp share price is 80 cents, down 0.6% today and down 32% over the past month.

Morgans upgraded the ASX 200 consumer discretionary share to a buy rating this week.

The broker said:

Following the announcement of AUSTRAC's investigation this month, the TAH share price has fallen approximately 37%.

While we expect the investigation to remain an overhang for the foreseeable future, at these levels the stock appears materially undervalued.

Current trading conditions remain supportive in our view and position the company well for a strong upcoming result, despite inherent uncertainty surrounding the scope of the investigation and the quantum of potential penalties.

Morgans has a share price target of $1.07, implying 34% potential capital growth ahead.

The post 7 ASX shares attracting upgraded ratings this week appeared first on The Motley Fool Australia.

That's because insider buying is often regarded as a bullish indicator, as few people know a company and its intrinsic value better than its directors.

If they are buying, it could be a sign that they are confident in the direction the company is heading and see value in its shares.

Conversely, if they are selling, it could be a sign that they think the shares are fully valued. After all, you would be reluctant to sell if you thought they were worth more.

With that in mind, listed below are three ASX 200 shares that have reported meaningful insider activity recently. They are as follows:

CSL Ltd (ASX: CSL)

The CEO of CSL appears to believe the beaten down biotech giant's shares are good value at current levels.

According to a recent change of director's interest notice, Gordon Naylor was buying shares on market on 26 May. The company's leader snapped up a total of 1,100 CSL shares for a total consideration of $107,800. This equates to an average of $98.00 per share, which is a premium to what investors can pay on the market today ($92.86).

CSL shares are down around 45% since the start of the year.

Endeavour Group Ltd (ASX: EDV)

Another beaten down ASX 200 share that has reported insider buying is drinks giant Endeavour Group.

Two of the Dan Murphy's and BWS owner's executives have been buying shares recently.

Earlier this week, Endeavour's independent non-executive director, Penny Winn, bought 26,165 shares through an on-market trade. She paid a total of $75,054.79, which represents a price of $2.8685 each.

Late last week, fellow independent non-executive director, Michael Ihlein, snapped up a sizeable 88,000 Endeavour shares for a total consideration of $250,800.

Endeavour shares are down around 20% since the turn of the year.

PLS Group Ltd (ASX: PLS)

The CEO of this lithium giant has been selling shares recently.

Last week, Dale Henderson sold a total of 627,500 PLS shares for a consideration of $4,032,145.60. This represents an average sale price of approximately $6.43 per share, which compares favourably to its current share price of $6.29.

The notice advises that the on-market share sale by Henderson was "for tax obligations and portfolio rebalancing purposes."

It also highlights that following completion of the transaction, Henderson will continue to hold approximately 2.8 million shares and vested but unexercised performance rights in the company.

PLS shares are up 425% over the past 12 months.

The post 3 ASX 200 shares reporting major insider buying and selling appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Chrysos Corporation Ltd (ASX: C79)

The Chrysos share price is up 2.5% to $6.15. Investors have been buying this mining technology company's shares after it announced the successful refinancing of its corporate facilities. Chrysos has agreed a new three-year $200 million syndicated facility with three domestic financiers. Management notes that this moves it away from an existing asset-based financing debt structure to a corporate-style facility designed to provide operational flexibility and support the development, production and funding of PhotonAssay units in numerous jurisdictions around the world. Chrysos CEO, Dirk Treasure, commented: "We are pleased to have this facility in place to support the Company's continued growth and accelerating deployment cadence. Continued adoption of PhotonAssay is driving strong demand across multiple regions, reflected in the additional four contracts signed with laboratories since our last update."

Endeavour Group Ltd (ASX: EDV)

The Endeavour share price is up 3% to $2.96. This appears to have been driven by a broker note out of Citi. According to the note, the broker has upgraded the drinks giant's shares to a buy rating with a trimmed price target of $3.25. Citi believes Endeavour could win market share based on its scale and price leadership strategy.

Racura Oncology Ltd (ASX: RAC)

The Racura Oncology share price is up 3.5% to $2.60. This morning, the biopharmaceutical company revealed that a specialist institutional investor focused on emerging healthcare companies has made an investment. The investor has provided a binding commitment to subscribe for 526,315 fully paid ordinary shares in Racura at an issue price of $1.90 per share. This represents a 23% discount to the average market price as of 3 June.

Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine share price is up 10% to $4.54. This follows the release of the wine giant's investor day update. The Penfolds owner's Ascent strategy will focus on the brands and markets where it believes it can win, while cutting costs, simplifying operations, reshaping its supply chain, and strengthening its balance sheet. Treasury Wine revealed that it is targeting $100 million per year in cost reductions, which are expected to be fully realised by FY 2029.

The post Why Chrysos, Endeavour, Racura, and Treasury Wine shares are racing higher today appeared first on The Motley Fool Australia.

The drinks retailer and hotels operator is up 5.58% to $3.03 at the time of writing, even as the broader market trades lower.

By contrast, the S&P/ASX 200 Index (ASX: XJO) is down 1.17% to 8,683 points.

The move comes after a rough stretch for the owner of Dan Murphy's and BWS, with the stock still down around 11% over the past month.

Over 12 months, Endeavour shares are still about 27% lower.

Why investors are buying today

The latest buying appears to be tied to a broker upgrade, with Citi moving Endeavour to a buy rating after the stock's recent fall.

Citi analyst Sam Teeger sees room for Endeavour to claw back market share under new management.

Endeavour owns Dan Murphy's and BWS, giving it a large position in the Australian liquor market. But the company has been under pressure as shoppers watch their spending more closely and competitors fight harder for sales.

Citi appears to believe a more price-led approach could help the company win back some ground from Coles Group Ltd (ASX: COL) and independent rivals.

But after a tough run, it hasn't taken much to bring some buyers back. The stock was already trading near depressed levels, so the latest broker news gave investors a reason to look again.

Target price still moves lower

Even with the upgrade, Citi is not ignoring the work still ahead.

The broker reportedly cut its target price by 6% to $3.25, with higher capital expenditure and lower gaming and hotel peer multiples weighing on the valuation.

Endeavour is still trying to reset the business after a difficult period. Last week, the company outlined plans to reduce complexity, improve returns, and lower capital expenditures following a heavy investment phase.

It is also targeting at least $100 million in cost savings in FY27.

But investors will want to see those savings materialise without the company losing further sales momentum.

Coles could be a catalyst

Coles could also play a role in how the market views Endeavour from here.

Citi reportedly flagged the August Coles result as a key event, with Coles weighing up whether to reduce its big-box liquor store network by about 10%.

The liquor market remains tough, and shoppers are still sensitive to prices. But if Endeavour can regain some momentum while controlling costs, the share price may have more room to recover.

Foolish Takeaway

Today's rally is a welcome change for shareholders, but it doesn't undo the damage from the past year.

Endeavour shares remain well below where they were 12 months ago, and the company still needs to prove its reset can lift performance.

The post This beaten-down ASX 200 stock just jumped 5%. Is the market too negative? appeared first on The Motley Fool Australia.

Let's see if the broker is bullish or bearish on these names. Here's what it is saying:

ASX Ltd (ASX: ASX)

Morgans was disappointed to see this stock exchange operator provide cost and capital expenditure guidance that was significantly higher than expected.

In light of this, the broker has reduced its earnings estimates beyond FY 2026 and trimmed its valuation accordingly.

This has seen Morgans reaffirm its hold rating with a new price target of $51.50. It said:

ASX released FY27 total cost guidance along with FY28 capex expectations both of which were materially above consensus at the time of release. Whilst the topline shows encouraging growth (+~12.5% FYTD), we anticipate the market to remain cautious given the elevated cost profile as the technology refresh continues.

We lift FY26F EPS ~4% on stronger-than-forecast cash market and Futures/OTC volumes, but lower FY27-FY28F EPS by ~5%, as the updated cost guidance more than offsets the higher revenue base in the outer years. Our DCF/PE-derived PT is lowered to A$51.50 on the above, accompanied by an increase in the house RFR to 4.6%. We maintain our Hold recommendation and note near-term elevated costs will likely remain a headwind.

Endeavour Group Ltd (ASX: EDV)

Another ASX 200 share that Morgans has been looking at is drinks giant Endeavour.

In response to the Dan Murphy's and BWS owner's investor day event, Morgans has retained its hold rating on Endeavour's shares with a reduced price target of $2.80.

While there were positives from the investor day, Morgans highlights that there are execution risks to contend with while trading conditions remain challenging. It commented:

EDV provided a strategic update at its Investor Day with the new management team, led by CEO Jayne Hrdlicka, outlining their plans for growth. As expected, no trading update was provided given the company provided one only a few weeks ago. Management outlined three core growth pillars: 1) grow Retail revenue through repositioning the Dan Murphy's and BWS offers; 2) improve Hotels performance by stepping up investments in renewals; and 3) reduce costs with $300m in targeted savings by FY29. We make negligible changes to FY26-28F EBIT forecasts; however, underlying NPAT declines by 0-3% due to higher interest expense.

Our target price decreases to $2.80 (from $3.30) reflecting changes to earnings forecasts and a reduction in our FY27F PE multiple to 13x (from 15x). While the Investor Day highlighted a range of revenue and cost opportunities, these require accelerated investment and are expected to keep balance sheet leverage elevated through FY27. Execution remains key, and with the liquor market still challenging, we prefer to wait for delivery before reassessing our view. HOLD retained.

Judo Capital Holdings Ltd (ASX: JDO)

Morgans is more positive on this small business lender.

It was pleased with management's decision to undertake a second capital relief securitisation transaction. Morgans believes it reduces the need for an equity raising.

As a result, the broker has retained its buy rating with a $2.15 price target. It commented:

JDO announced its second capital relief securitisation transaction backed by SME business loans. The transaction is significant as it shows JDO's ability to again source and its willingness to utilise capital relief securitisations to support its CET1 capital ratio without the need for equity raisings. Target price of $2.15 per share, with strong double digit earnings growth forecast across FY26-28F. BUY retained, with potential TSR at current prices of c.38% (driven entirely by capital growth).

The post Buy, hold, sell: ASX, Endeavour, and Judo Capital shares appeared first on The Motley Fool Australia.

Endeavour shares are down 28% over the past year and fell to a fresh 52-week low this week following its Investor Day.

Most of the attention has been on Dan Murphy's and BWS, and understandably so.

The retail drinks business accounts for the majority of group revenue and has been under pressure from subdued consumer spending and margin compression.

But there is another part of the Endeavour Group story that deserves considerably more attention than it receives.

The hotels business is a hidden gem

Endeavour operates more than 350 licensed hotel venues across Australia under its ALH Hotels and Nightcap brands.

This makes the company one of the largest hotel operators in the country.

These are community-based venues offering bars, dining, gaming, wagering, accommodation, and live entertainment.

In the first half of FY 2026, the hotels segment generated revenue of $1.17 billion, up 4.4% year on year.

These were record results.

That momentum carried into Q3 FY 2026, where hotels delivered sales growth of 3.7%.

Impressively, the company realised these results even as cost-of-living pressures began to weigh on growth toward the end of the quarter.

Compare that to the retail segment, which grew just 2.9% in the same period.

The hotels business is clearly the more resilient division.

Yet the market continues to value Endeavour shares almost entirely through the lens of its troubled retail operations.

What the new strategy says about hotels

Tuesday's Investor Day made the hotel opportunity explicit.

Management announced it will accelerate capital investment in the Hotels network through light-touch renewals, full refurbishments, and whole-of-venue repositionings.

This signals a clear belief that the hotel assets can deliver meaningfully higher returns with targeted investment.

The strategy also targets $300 million in cost savings by FY 2029, including $100 million in FY 2027.

Management will divest most of its winery and vineyard portfolio, including Chapel Hill, Oakridge, and Josef Chromy, to sharpen capital allocation and free up resources for the hotel acceleration.

CEO Jayne Hrdlicka said at the Investor Day:

Our Hotels business has delivered consistent and growing earnings, and we believe there is a significant opportunity to unlock more value through targeted investment in our venues and a simplified operating model.

Why the market sold off anyway

Despite the strategy's merits, investors hit the sell button for two reasons.

First, the dividend payout ratio was cut to a range of 50% to 75% of underlying NPAT, down from the historical policy, removing a key reason many income investors owned the stock.

Second, near-term earnings remain soft, with the first half of FY 2026 delivering underlying NPAT of $278 million, down 6.7% year on year.

The shares have since fallen to an all-time low of $2.95, down 20% year to date.

Bell Potter retains its buy rating with a price target of $3.85, implying upside from the current share price, stating:

We retain our Buy rating. Although the outlook for consumer spending has weakened due to the Middle East conflict and a worsening rate environment, we believe market expectations are low for the company's strategic reset and the hotel asset base provides a floor for valuation.

Foolish Takeaway

Endeavour Group is not a quick fix.

The transformation will take time, the dividend has been cut, and the retail business faces ongoing headwinds from cost-of-living pressures.

But for investors who can look past the near-term pain, a 350-venue hotel network growing at 4% per year, combined with $300 million in targeted cost savings and a sharper strategic focus, is a more interesting story than the 52-week low share price implies.

The post Why Endeavour Group's hotel portfolio could be more valuable than the market realises appeared first on The Motley Fool Australia.