Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) has earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $59.69.
Several equities research analysts recently weighed in on the company. Maxim Group lowered Popeyes Louisiana Kitchen from a “buy” rating to a “hold” rating and set a $60.00 target price for the company. in a report on Wednesday, August 17th. Wedbush reiterated an “outperform” rating and set a $65.00 price target on shares of Popeyes Louisiana Kitchen in a report on Wednesday, August 17th. Piper Jaffray Cos. reiterated an “in-line” rating and set a $56.00 price target on shares of Popeyes Louisiana Kitchen in a report on Wednesday, August 17th. Jefferies Group reiterated a “buy” rating on shares of Popeyes Louisiana Kitchen in a report on Thursday, August 4th. Finally, Zacks Investment Research upgraded Popeyes Louisiana Kitchen from a “sell” rating to a “hold” rating in a report on Wednesday, August 24th.
Popeyes Louisiana Kitchen (NASDAQ:PLKI) opened at 53.14 on Wednesday. Popeyes Louisiana Kitchen has a one year low of $49.11 and a one year high of $63.00. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 27.59 and a beta of 0.22. The stock’s 50 day moving average is $55.12 and its 200 day moving average is $54.81.
Popeyes Louisiana Kitchen (NASDAQ:PLKI) last announced its quarterly earnings results on Tuesday, August 16th. The company reported $0.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. The business earned $61.70 million during the quarter, compared to analysts’ expectations of $63.40 million. Popeyes Louisiana Kitchen had a return on equity of 90.86% and a net margin of 16.44%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. On average, equities analysts forecast that Popeyes Louisiana Kitchen will post $2.10 EPS for the current year.
In other Popeyes Louisiana Kitchen news, Director Carolyn H. Byrd sold 1,500 shares of the company’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $54.66, for a total value of $81,990.00. Following the sale, the director now directly owns 264 shares in the company, valued at $14,430.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Popeyes Louisiana Kitchen during the fourth quarter worth $8,801,000. Icon Advisers Inc. Co. acquired a new stake in shares of Popeyes Louisiana Kitchen during the first quarter valued at approximately $1,421,000. Pacad Investment Ltd. acquired a new stake in shares of Popeyes Louisiana Kitchen during the first quarter valued at approximately $297,000. TIAA CREF Investment Management LLC boosted its stake in shares of Popeyes Louisiana Kitchen by 4.5% in the first quarter. TIAA CREF Investment Management LLC now owns 154,656 shares of the company’s stock valued at $8,051,000 after buying an additional 6,667 shares during the last quarter. Finally, Teachers Advisors Inc. boosted its stake in shares of Popeyes Louisiana Kitchen by 1.0% in the first quarter. Teachers Advisors Inc. now owns 53,013 shares of the company’s stock valued at $2,760,000 after buying an additional 537 shares during the last quarter. Hedge funds and other institutional investors own 97.48% of the company’s stock.
About Popeyes Louisiana Kitchen
Popeyes Louisiana Kitchen, Inc operates and franchises quick-service restaurants (QSRs or restaurants) under the trade names Popeyes Louisiana Kitchen and Popeyes Chicken & Biscuits. The Company operates through two segments: franchise operations and company-operated restaurants. The franchise segment consists of domestic and international franchising activities.
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