Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) shares saw unusually-strong trading volume on Monday . Approximately 199,091 shares were traded during mid-day trading, an increase of 22% from the previous session’s volume of 162,895 shares.The stock last traded at $58.43 and had previously closed at $58.98.

Several equities research analysts have recently issued reports on PLKI shares. Zacks Investment Research upgraded shares of Popeyes Louisiana Kitchen from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Maxim Group lowered their price objective on shares of Popeyes Louisiana Kitchen from $66.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, April 26th. Vetr downgraded shares of Popeyes Louisiana Kitchen from a “strong-buy” rating to a “buy” rating and set a $57.70 price objective on the stock. in a research note on Tuesday, May 24th. Wedbush restated an “outperform” rating and issued a $70.00 price objective on shares of Popeyes Louisiana Kitchen in a research note on Thursday, May 19th. Finally, Cowen and Company started coverage on shares of Popeyes Louisiana Kitchen in a research note on Tuesday, April 19th. They issued a “market perform” rating and a $59.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Popeyes Louisiana Kitchen has a consensus rating of “Hold” and an average price target of $62.34.

The company’s 50 day moving average is $56.06 and its 200 day moving average is $55.61. The stock has a market cap of $1.28 billion and a P/E ratio of 30.59.

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

A number of large investors recently modified their holdings of the stock. Nicholas Co. Inc. WI boosted its stake in shares of Popeyes Louisiana Kitchen by 6.6% in the fourth quarter. Nicholas Co. Inc. WI now owns 1,508,158 shares of the company’s stock valued at $88,227,000 after buying an additional 93,466 shares in the last quarter. Hodges Capital Management Inc. boosted its stake in shares of 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 in the last quarter. Nationwide Fund Advisors boosted its stake in shares of 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 in the last quarter. Russell Frank Co boosted its stake in shares of 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 in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of 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 in the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.