Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) – Investment analysts at SunTrust Banks increased their FY2017 earnings per share (EPS) estimates for shares of Popeyes Louisiana Kitchen in a note issued to investors on Wednesday. SunTrust Banks analyst J. Bartlett now expects that the brokerage will earn $2.52 per share for the year, up from their prior forecast of $2.51.
A number of other analysts also recently issued reports on PLKI. Zacks Investment Research raised shares of Popeyes Louisiana Kitchen from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Jefferies Group reaffirmed a “buy” rating on shares of Popeyes Louisiana Kitchen in a report on Thursday, August 4th. Maxim Group cut shares of Popeyes Louisiana Kitchen from a “buy” rating to a “hold” rating and set a $60.00 price objective on the stock. in a research note on Wednesday, August 17th. Piper Jaffray Cos. reiterated an “in-line” rating and issued a $56.00 price objective on shares of Popeyes Louisiana Kitchen in a research note on Wednesday, August 17th. Finally, Wedbush reiterated an “outperform” rating and issued a $65.00 price objective on shares of Popeyes Louisiana Kitchen in a research note on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $60.28.
Popeyes Louisiana Kitchen (NASDAQ:PLKI) traded up 0.77% during trading on Friday, reaching $52.04. 95,363 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $53.84 and its 200-day moving average is $54.83. Popeyes Louisiana Kitchen has a 12-month low of $49.11 and a 12-month high of $63.00. The company has a market cap of $1.11 billion, a P/E ratio of 27.02 and a beta of 0.09.
Popeyes Louisiana Kitchen (NASDAQ:PLKI) last released its quarterly earnings results on Tuesday, August 16th. The company reported $0.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.47. Popeyes Louisiana Kitchen had a net margin of 16.44% and a return on equity of 90.86%. The business earned $61.70 million during the quarter, compared to analysts’ expectations of $63.40 million. During the same quarter in the previous year, the company earned $0.44 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year.
In other Popeyes Louisiana Kitchen news, Director Carolyn H. Byrd sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $54.66, for a total transaction of $81,990.00. Following the sale, the director now owns 264 shares in the company, valued at approximately $14,430.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in PLKI. Melvin Capital Management LP purchased a new stake in Popeyes Louisiana Kitchen during the second quarter worth approximately $17,810,000. Janus Capital Management LLC boosted its stake in Popeyes Louisiana Kitchen by 18.0% in the second quarter. Janus Capital Management LLC now owns 1,534,867 shares of the company’s stock worth $83,865,000 after buying an additional 233,912 shares during the last quarter. RS Investment Management Co. LLC boosted its stake in Popeyes Louisiana Kitchen by 20.3% in the second quarter. RS Investment Management Co. LLC now owns 1,054,328 shares of the company’s stock worth $57,608,000 after buying an additional 178,130 shares during the last quarter. Chartwell Investment Partners LLC purchased a new stake in Popeyes Louisiana Kitchen during the second quarter worth approximately $8,675,000. Finally, Kalmar Investments Inc. DE boosted its stake in Popeyes Louisiana Kitchen by 199.3% in the second quarter. Kalmar Investments Inc. DE now owns 232,110 shares of the company’s stock worth $12,682,000 after buying an additional 154,565 shares during the last quarter. 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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