Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI)’s share price fell 9% on Wednesday . The company traded as low as $52.04 and last traded at $53.22, with a volume of 883,293 shares trading hands. The stock had previously closed at $58.48.

A number of research firms have weighed in on PLKI. Piper Jaffray Cos. reiterated an “in-line” rating and set a $56.00 price objective on shares of Popeyes Louisiana Kitchen in a research note on Wednesday. Wedbush restated an “outperform” rating and set a $65.00 target price on shares of Popeyes Louisiana Kitchen in a research report on Wednesday. Maxim Group cut Popeyes Louisiana Kitchen from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a research report on Wednesday. Jefferies Group restated a “buy” rating on shares of Popeyes Louisiana Kitchen in a research report on Thursday, August 4th. Finally, Vetr cut Popeyes Louisiana Kitchen from a “buy” rating to a “hold” rating and set a $57.70 target price on the stock. in a research report on Monday, May 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $60.28.

The stock has a market cap of $1.25 billion and a P/E ratio of 29.84. The stock has a 50 day moving average of $56.51 and a 200-day moving average of $55.45.

Popeyes Louisiana Kitchen (NASDAQ:PLKI) last announced its earnings results on Tuesday, August 16th. The company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. During the same period in the previous year, the company posted $0.44 earnings per share. The business earned $61.70 million during the quarter, compared to analysts’ expectations of $63.40 million. Popeyes Louisiana Kitchen’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts anticipate that Popeyes Louisiana Kitchen Inc. will post $2.10 earnings per share for the current year.

Several large investors have made changes to their positions in the stock. RS Investment Management Co. LLC boosted 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 during the last quarter. Nicholas Co. Inc. WI boosted its stake 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 worth $88,227,000 after buying an additional 93,466 shares during the last quarter. I.G. Investment Management LTD. boosted its stake 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 worth $1,911,000 after buying an additional 202 shares during the last quarter. New York State Common Retirement Fund boosted 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 during the last quarter. Finally, Rhumbline Advisers boosted 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 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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