Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) traded down 1.5% during mid-day trading on Tuesday . The company traded as low as $56.48 and last traded at $57.41, with a volume of 230,867 shares. The stock had previously closed at $58.31.

A number of equities research analysts have issued reports on the stock. Jefferies Group reiterated a “buy” rating on shares of Popeyes Louisiana Kitchen in a research report on Sunday, May 29th. Wedbush reiterated an “outperform” rating and issued a $70.00 target price on shares of Popeyes Louisiana Kitchen in a research report on Thursday, May 19th. SunTrust Banks Inc. cut their target price on shares of Popeyes Louisiana Kitchen from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, May 27th. Zacks Investment Research downgraded shares of Popeyes Louisiana Kitchen from a “hold” rating to a “sell” rating in a research report on Friday, May 27th. Finally, Maxim Group dropped their price target on shares of Popeyes Louisiana Kitchen from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, May 26th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $62.34.

The stock’s 50-day moving average price is $56.03 and its 200-day moving average price is $55.61. The stock has a market cap of $1.26 billion and a price-to-earnings ratio of 30.10.

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

Other hedge funds and institutional investors recently bought and sold shares of the company. Russell Frank Co boosted its position in Popeyes Louisiana Kitchen by 32.7% in the fourth quarter. Russell Frank Co now owns 58,048 shares of the company’s stock worth $3,418,000 after buying an additional 14,318 shares during the period. Nationwide Fund Advisors boosted its position in Popeyes Louisiana Kitchen by 7.6% in the fourth quarter. Nationwide Fund Advisors now owns 66,521 shares of the company’s stock worth $3,891,000 after buying an additional 4,691 shares during the period. California State Teachers Retirement System boosted its position 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 worth $2,512,000 after buying an additional 752 shares during the period. Rhumbline Advisers boosted its position in Popeyes Louisiana Kitchen by 6.7% in the fourth quarter. Rhumbline Advisers now owns 29,609 shares of the company’s stock worth $1,732,000 after buying an additional 1,855 shares during the period. Finally, New York State Common Retirement Fund boosted its position 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 worth $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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