Popeyes Louisiana Kitchen Inc. (PLKI) Trading Down 1.3%
Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) shares were 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 research analysts have recently commented on PLKI shares. SunTrust Banks Inc. dropped their price target on shares of Popeyes Louisiana Kitchen from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, May 27th. Zacks Investment Research upgraded shares of Popeyes Louisiana Kitchen from a “sell” rating to a “hold” rating in a research note on Wednesday. Vetr lowered shares of Popeyes Louisiana Kitchen from a “buy” rating to a “hold” rating and set a $57.70 target price on the stock. in a research note on Monday, May 30th. Maxim Group lowered their target price on shares of Popeyes Louisiana Kitchen from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, May 26th. Finally, Jefferies Group reiterated a “buy” rating and issued a $63.00 target price (down from $65.00) on shares of Popeyes Louisiana Kitchen in a research note on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $60.28.
The firm’s 50 day moving average price is $56.68 and its 200 day moving average price is $55.25. The company has a market capitalization of $1.18 billion and a PE ratio of 28.87.
Popeyes Louisiana Kitchen (NASDAQ:PLKI) last announced its quarterly earnings data on Tuesday, August 16th. The company reported $0.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.47. The business earned $61.70 million during the quarter, compared to the consensus estimate of $63.40 million. During the same period in the prior year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts predict that Popeyes Louisiana Kitchen Inc. will post $2.10 earnings per share for the current year.
A hedge fund recently raised its stake in Popeyes Louisiana Kitchen stock. I.G. Investment Management LTD. raised its position in Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,666 shares of the company’s stock after buying an additional 202 shares during the period. I.G. Investment Management LTD. owned about 0.15% of Popeyes Louisiana Kitchen worth $1,911,000 at the end of the most recent reporting 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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