Shares of Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) traded up 2.7% on Tuesday . The company traded as high as $58.92 and last traded at $58.48, with a volume of 432,254 shares trading hands. The stock had previously closed at $56.94.

A number of analysts have weighed in on the stock. Jefferies Group restated a “buy” rating on shares of Popeyes Louisiana Kitchen in a research report on Sunday, May 29th. SunTrust Banks Inc. cut their target price on shares of Popeyes Louisiana Kitchen from $59.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, May 27th. Maxim Group dropped their price target on shares of Popeyes Louisiana Kitchen from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, May 26th. Sidoti dropped their price target on shares of Popeyes Louisiana Kitchen from $70.00 to $66.00 and set a “buy” rating for the company in a research note on Thursday, May 26th. Finally, Cowen and Company initiated coverage on shares of Popeyes Louisiana Kitchen in a research note on Tuesday, April 19th. They set a “market perform” rating and a $59.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Popeyes Louisiana Kitchen currently has an average rating of “Hold” and an average price target of $62.34.

The firm has a 50-day moving average price of $56.28 and a 200 day moving average price of $55.47. The stock has a market capitalization of $1.28 billion and a price-to-earnings ratio of 30.66.

Popeyes Louisiana Kitchen (NASDAQ:PLKI) last issued its quarterly earnings data on Wednesday, May 25th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.06. The business had revenue of $82.20 million for the quarter, compared to analyst estimates of $85.37 million. During the same period in the previous year, the business earned $0.58 EPS. The company’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 EPS for the current fiscal year.

Several hedge funds and institutional investors have modified their holdings of the company. Rhumbline Advisers raised 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 during the last quarter. RS Investment Management Co. LLC raised 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 during the last quarter. Russell Frank Co raised 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 during the last quarter. I.G. Investment Management LTD. raised 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 during the last quarter. Finally, Nicholas Co. Inc. WI raised its position 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 during 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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