Shares of Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) saw an uptick in trading volume on Friday . 331,799 shares traded hands during mid-day trading, an increase of 73% from the previous session’s volume of 191,891 shares.The stock last traded at $56.91 and had previously closed at $56.86.

Several research firms have recently issued reports on PLKI. Zacks Investment Research upgraded shares of Popeyes Louisiana Kitchen from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Jefferies Group restated a “buy” rating on shares of Popeyes Louisiana Kitchen in a report on Thursday, August 4th. Wedbush restated an “outperform” rating and issued a $70.00 target price on shares of Popeyes Louisiana Kitchen in a report on Thursday, May 19th. Maxim Group lowered their target price on shares of Popeyes Louisiana Kitchen from $66.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, April 26th. Finally, Sidoti lowered their target price on shares of Popeyes Louisiana Kitchen from $70.00 to $66.00 and set a “buy” rating for the company in a report on Thursday, May 26th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $62.34.

The company’s 50-day moving average price is $56.23 and its 200-day moving average price is $55.55. The firm has a market cap of $1.25 billion and a price-to-earnings ratio of 29.87.

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

Other large investors have added to or reduced their stakes in the company. Nicholas Co. Inc. WI raised its stake in 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 worth $88,227,000 after buying an additional 93,466 shares during the last quarter. RS Investment Management Co. LLC raised its stake in shares of Popeyes Louisiana Kitchen by 6.5% in the fourth quarter. RS Investment Management Co. LLC now owns 1,472,829 shares of the company’s stock worth $86,160,000 after buying an additional 89,770 shares in the last quarter. Russell Frank Co raised 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 worth $3,418,000 after buying an additional 14,318 shares in the last quarter. Rhumbline Advisers raised its stake in shares of 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 in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of 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 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.

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