Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI)’s share price was up 2.7% during mid-day trading on Tuesday . The stock traded as high as $58.92 and last traded at $58.48, with a volume of 432,254 shares changing hands. The stock had previously closed at $56.94.

Several equities analysts recently issued reports on PLKI shares. SunTrust Banks Inc. decreased their price target on Popeyes Louisiana Kitchen from $59.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, May 27th. Vetr cut Popeyes Louisiana Kitchen from a “buy” rating to a “hold” rating and set a $57.70 price target on the stock. in a report on Monday, May 30th. Maxim Group decreased their price target on Popeyes Louisiana Kitchen from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, May 26th. Zacks Investment Research cut Popeyes Louisiana Kitchen from a “hold” rating to a “sell” rating in a report on Friday, May 27th. Finally, Wedbush reiterated an “outperform” rating and issued a $65.00 price target on shares of Popeyes Louisiana Kitchen in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $60.28.

The stock has a 50-day moving average price of $56.43 and a 200 day moving average price of $55.44. The company has a market cap of $1.21 billion and a PE ratio of 28.93.

Popeyes Louisiana Kitchen (NASDAQ:PLKI) last posted its quarterly earnings results on Tuesday, August 16th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. During the same period last year, the firm posted $0.44 EPS. The business had revenue of $61.70 million for the quarter, compared to analyst estimates of $63.40 million. Popeyes Louisiana Kitchen’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts expect that Popeyes Louisiana Kitchen Inc. will post $2.11 EPS for the current year.

Several institutional investors have bought and sold shares of the company. Nicholas Co. Inc. WI boosted its position 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 period. RS Investment Management Co. LLC boosted its position in 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 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. 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. Finally, I.G. Investment Management LTD. boosted its position in 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 worth $1,911,000 after buying an additional 202 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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