Shares of Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) saw strong 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 analysts have weighed in on the company. Jefferies Group restated a “buy” rating on shares of Popeyes Louisiana Kitchen in a research note on Thursday, August 4th. Vetr downgraded Popeyes Louisiana Kitchen from a “buy” rating to a “hold” rating and set a $57.70 price target for the company. in a research note on Monday, May 30th. Zacks Investment Research upgraded Popeyes Louisiana Kitchen from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th. SunTrust Banks Inc. dropped their price target on Popeyes Louisiana Kitchen from $59.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, May 27th. Finally, Cowen and Company started coverage on Popeyes Louisiana Kitchen in a research note on Tuesday, April 19th. They issued a “market perform” rating and a $59.00 price target for the company. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $62.34.

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

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

Other hedge funds and institutional investors recently made changes to their positions in the company. Rhumbline Advisers boosted its position 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 valued at $1,732,000 after buying an additional 1,855 shares in the last quarter. I.G. Investment Management LTD. boosted its position in shares of Popeyes Louisiana Kitchen by 0.6% in the fourth quarter. I.G. Investment Management LTD. now owns 32,666 shares of the company’s stock valued at $1,911,000 after buying an additional 202 shares in the last quarter. New York State Common Retirement Fund boosted its position 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 valued at $2,478,000 after buying an additional 700 shares in the last quarter. Russell Frank Co boosted its position 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, RS Investment Management Co. LLC boosted its position 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 valued at $86,160,000 after buying an additional 89,770 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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