Shares of Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) were up 1.4% during mid-day trading on Tuesday . The stock traded as high as $56.81 and last traded at $56.70, with a volume of 139,391 shares traded. The stock had previously closed at $55.90.

Several analysts recently issued reports on PLKI shares. Cowen and Company started coverage on shares of Popeyes Louisiana Kitchen in a research report on Tuesday, April 19th. They set a “market perform” rating and a $59.00 price target on the stock. Maxim Group reduced their price target on shares of Popeyes Louisiana Kitchen from $66.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, April 26th. Zacks Investment Research upgraded shares of Popeyes Louisiana Kitchen from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Wedbush reiterated an “outperform” rating and set a $70.00 price target on shares of Popeyes Louisiana Kitchen in a research report on Thursday, May 19th. Finally, Vetr lowered shares of Popeyes Louisiana Kitchen from a “strong-buy” rating to a “buy” rating and set a $57.70 price target on the stock. in a research report on Tuesday, May 24th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $62.34.

The stock’s 50-day moving average is $56.07 and its 200-day moving average is $55.57. The firm has a market capitalization of $1.24 billion and a PE ratio of 29.65.

Popeyes Louisiana Kitchen (NASDAQ:PLKI) last posted its quarterly earnings results on Wednesday, May 25th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.06. The firm had revenue of $82.20 million for the quarter, compared to the consensus estimate of $85.37 million. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.58 earnings per share. On average, analysts forecast that Popeyes Louisiana Kitchen Inc. will post $2.10 EPS for the current fiscal year.

Other hedge funds have bought and sold shares of the company. Hodges Capital Management Inc. raised its stake in Popeyes Louisiana Kitchen by 0.4% in the fourth quarter. Hodges Capital Management Inc. now owns 521,538 shares of the company’s stock valued at $30,510,000 after buying an additional 1,998 shares during the period. Nationwide Fund Advisors raised its stake in Popeyes Louisiana Kitchen by 7.6% in the fourth quarter. Nationwide Fund Advisors now owns 66,521 shares of the company’s stock valued at $3,891,000 after buying an additional 4,691 shares during the period. Russell Frank Co raised its stake in Popeyes Louisiana Kitchen by 32.7% in the fourth quarter. Russell Frank Co now owns 58,048 shares of the company’s stock valued at $3,418,000 after buying an additional 14,318 shares during the period. California State Teachers Retirement System raised its stake in Popeyes Louisiana Kitchen by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 42,934 shares of the company’s stock valued at $2,512,000 after buying an additional 752 shares during the period. Finally, New York State Common Retirement Fund raised its stake in Popeyes Louisiana Kitchen by 1.7% in the fourth quarter. New York State Common Retirement Fund now owns 42,352 shares of the company’s stock valued at $2,478,000 after buying an additional 700 shares during the period.

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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