Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) traded down 1.3% during trading on Tuesday . The stock traded as low as $55.88 and last traded at $56.12, with a volume of 121,677 shares. The stock had previously closed at $56.87.

Several equities research analysts have recently commented on the company. Jefferies Group restated a “buy” rating on shares of Popeyes Louisiana Kitchen in a research note on Sunday, May 29th. SunTrust Banks Inc. reduced their price objective 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. Maxim Group reduced their price objective on 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 reduced their price objective on 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, Zacks Investment Research lowered Popeyes Louisiana Kitchen from a “hold” rating to a “sell” rating in a research note on Friday, May 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $60.28.

The company has a market capitalization of $1.19 billion and a price-to-earnings ratio of 29.08. The company’s 50-day moving average is $56.63 and its 200-day moving average is $55.24.

Popeyes Louisiana Kitchen (NASDAQ:PLKI) last posted its quarterly earnings data on Tuesday, August 16th. The company reported $0.47 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. The company had revenue of $61.70 million for the quarter, compared to analyst estimates of $63.40 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts forecast that Popeyes Louisiana Kitchen Inc. will post $2.10 earnings per share for the current fiscal year.

Several large investors recently bought and sold shares of PLKI. RS Investment Management Co. LLC increased its stake 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 valued at $86,160,000 after buying an additional 89,770 shares during the last quarter. I.G. Investment Management LTD. increased 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 in the last quarter. Finally, New York State Common Retirement Fund increased 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 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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