Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) – Investment analysts at SunTrust Banks lifted their FY2017 earnings per share (EPS) estimates for Popeyes Louisiana Kitchen in a research note issued on Wednesday. SunTrust Banks analyst J. Bartlett now forecasts that the brokerage will post earnings per share of $2.52 for the year, up from their prior forecast of $2.51.

Popeyes Louisiana Kitchen (NASDAQ:PLKI) last released its quarterly earnings results on Tuesday, August 16th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Popeyes Louisiana Kitchen had a return on equity of 90.86% and a net margin of 16.44%. The business earned $61.70 million during the quarter, compared to analysts’ expectations of $63.40 million. During the same period in the prior year, the business posted $0.44 EPS. The company’s revenue was up 3.9% compared to the same quarter last year.

Earnings History and Estimates for Popeyes Louisiana Kitchen (NASDAQ:PLKI)

Several other research firms have also commented on PLKI. Maxim Group lowered Popeyes Louisiana Kitchen from a “buy” rating to a “hold” rating and set a $60.00 target price for the company. in a research note on Wednesday, August 17th. Wedbush reissued an “outperform” rating and set a $65.00 price target on shares of Popeyes Louisiana Kitchen in a research report on Wednesday, August 17th. Piper Jaffray Cos. reissued an “in-line” rating and set a $56.00 price target on shares of Popeyes Louisiana Kitchen in a research report on Wednesday, August 17th. Jefferies Group reissued a “buy” rating on shares of Popeyes Louisiana Kitchen in a research report on Thursday, August 4th. Finally, Zacks Investment Research raised Popeyes Louisiana Kitchen from a “sell” rating to a “hold” rating in a research report on Wednesday, August 24th. 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 company presently has an average rating of “Hold” and a consensus price target of $60.28.

Shares of Popeyes Louisiana Kitchen (NASDAQ:PLKI) traded up 0.77% during midday trading on Friday, hitting $52.04. The stock had a trading volume of 95,363 shares. The company has a market cap of $1.11 billion, a P/E ratio of 27.02 and a beta of 0.09. The stock has a 50 day moving average of $53.84 and a 200-day moving average of $54.83. Popeyes Louisiana Kitchen has a one year low of $49.11 and a one year high of $63.00.

Several hedge funds have recently made changes to their positions in PLKI. RS Investment Management Co. LLC boosted its stake in shares of Popeyes Louisiana Kitchen by 20.3% in the second quarter. RS Investment Management Co. LLC now owns 1,054,328 shares of the company’s stock worth $57,608,000 after buying an additional 178,130 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Popeyes Louisiana Kitchen by 9.9% in the first quarter. Prudential Financial Inc. now owns 62,243 shares of the company’s stock worth $3,241,000 after buying an additional 5,608 shares during the last quarter. Hancock Holding Co. boosted its stake in shares of Popeyes Louisiana Kitchen by 0.3% in the first quarter. Hancock Holding Co. now owns 166,915 shares of the company’s stock worth $8,690,000 after buying an additional 510 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Popeyes Louisiana Kitchen by 2.7% in the first quarter. Renaissance Technologies LLC now owns 799,944 shares of the company’s stock worth $41,645,000 after buying an additional 20,944 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Popeyes Louisiana Kitchen by 91.4% in the second quarter. BNP Paribas Arbitrage SA now owns 6,993 shares of the company’s stock worth $382,000 after buying an additional 3,339 shares during the last quarter. Institutional investors and hedge funds own 97.48% of the company’s stock.

In other news, Director Carolyn H. Byrd sold 1,500 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $54.66, for a total transaction of $81,990.00. Following the sale, the director now directly owns 264 shares in the company, valued at approximately $14,430.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.

About Popeyes Louisiana Kitchen

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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