Popeyes Louisiana Kitchen, Inc. (NASDAQ:PLKI) – Stock analysts at SunTrust Banks dropped their Q4 2016 EPS estimates for shares of Popeyes Louisiana Kitchen in a note issued to investors on Wednesday. SunTrust Banks analyst J. Bartlett now anticipates that the firm will post earnings per share of $0.48 for the quarter, down from their prior estimate of $0.49.

Popeyes Louisiana Kitchen (NASDAQ:PLKI) last issued its earnings results on Wednesday, November 9th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The business earned $64 million during the quarter, compared to analyst estimates of $64.92 million. Popeyes Louisiana Kitchen had a return on equity of 132.85% and a net margin of 16.19%. Popeyes Louisiana Kitchen’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. ILLEGAL ACTIVITY WARNING: This news story was first reported by Daily Political and is the propert of of Daily Political. If you are accessing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The legal version of this news story can be viewed at http://www.dailypolitical.com/2017/01/13/q4-2016-earnings-forecast-for-popeyes-louisiana-kitchen-inc-issued-by-suntrust-banks-plki.html.

Several other research firms also recently commented on PLKI. TheStreet downgraded Popeyes Louisiana Kitchen from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. Zacks Investment Research downgraded Popeyes Louisiana Kitchen from a “buy” rating to a “hold” rating in a research note on Tuesday, November 15th. Jefferies Group downgraded Popeyes Louisiana Kitchen from a “buy” rating to a “hold” rating and set a $63.00 price objective on the stock. in a research note on Thursday, November 10th. They noted that the move was a valuation call. Finally, Maxim Group raised their price objective on Popeyes Louisiana Kitchen from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, November 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $59.94.

Shares of Popeyes Louisiana Kitchen (NASDAQ:PLKI) traded down 0.47% during mid-day trading on Friday, reaching $61.73. The company’s stock had a trading volume of 55,273 shares. The company’s 50-day moving average price is $61.25 and its 200-day moving average price is $56.51. Popeyes Louisiana Kitchen has a 12-month low of $49.11 and a 12-month high of $63.11. The stock has a market capitalization of $1.28 billion, a P/E ratio of 31.56 and a beta of -0.04.

A number of hedge funds have recently added to or reduced their stakes in PLKI. US Bancorp DE increased its stake in Popeyes Louisiana Kitchen by 116.5% in the second quarter. US Bancorp DE now owns 2,334 shares of the company’s stock worth $128,000 after buying an additional 1,256 shares during the last quarter. BlackRock Inc. increased its stake in Popeyes Louisiana Kitchen by 53.4% in the second quarter. BlackRock Inc. now owns 2,489 shares of the company’s stock worth $136,000 after buying an additional 866 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Popeyes Louisiana Kitchen by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 2,984 shares of the company’s stock worth $163,000 after buying an additional 361 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Popeyes Louisiana Kitchen by 978.7% in the second quarter. JPMorgan Chase & Co. now owns 4,250 shares of the company’s stock worth $233,000 after buying an additional 3,856 shares during the last quarter. Finally, Mason Street Advisors LLC purchased a new stake in Popeyes Louisiana Kitchen during the second quarter worth about $234,000. 97.08% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Daily Political and is the propert of of Daily Political. If you are accessing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The legal version of this news story can be viewed at http://www.dailypolitical.com/2017/01/13/q4-2016-earnings-forecast-for-popeyes-louisiana-kitchen-inc-issued-by-suntrust-banks-plki.html.

Popeyes Louisiana Kitchen Company Profile

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.

5 Day Chart for NASDAQ:PLKI

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