Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) issued an update on its FY16 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.10-2.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.09.

Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) opened at 60.57 on Friday. The firm has a market capitalization of $1.29 billion, a PE ratio of 31.45 and a beta of -0.11. Popeyes Louisiana Kitchen Inc. has a 12 month low of $49.11 and a 12 month high of $63.00. The firm has a 50-day moving average of $53.17 and a 200 day moving average of $54.84.

Popeyes Louisiana Kitchen (NASDAQ:PLKI) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.53 by $0.06. The company earned $64 million during the quarter, compared to analysts’ expectations of $64.92 million. Popeyes Louisiana Kitchen had a net margin of 16.44% and a return on equity of 90.86%. Popeyes Louisiana Kitchen’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 earnings per share. Equities research analysts forecast that Popeyes Louisiana Kitchen Inc. will post $2.09 earnings per share for the current year.

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

Several brokerages recently commented on PLKI. Maxim Group cut shares of Popeyes Louisiana Kitchen from a buy rating to a hold rating and set a $60.00 price objective for the company. in a research note on Wednesday, August 17th. Wedbush reaffirmed an outperform rating and set a $65.00 price objective on shares of Popeyes Louisiana Kitchen in a research note on Wednesday, August 17th. Piper Jaffray Cos. reaffirmed an in-line rating and set a $56.00 price objective on shares of Popeyes Louisiana Kitchen in a research note on Wednesday, August 17th. Vetr raised shares of Popeyes Louisiana Kitchen from a strong sell rating to a sell rating and set a $50.49 price objective for the company in a research note on Tuesday, August 23rd. Finally, Jefferies Group cut shares of Popeyes Louisiana Kitchen from a buy rating to a hold rating in a research note on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $59.61.

In other news, Director Carolyn H. Byrd sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $54.66, for a total value of $81,990.00. Following the completion of the sale, the director now directly owns 264 shares in the company, valued at approximately $14,430.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in PLKI. Janus Capital Management LLC raised its stake in shares of Popeyes Louisiana Kitchen by 18.0% in the second quarter. Janus Capital Management LLC now owns 1,534,867 shares of the company’s stock worth $83,865,000 after buying an additional 233,912 shares during the last quarter. Northern Trust Corp raised its stake in shares of Popeyes Louisiana Kitchen by 12.1% in the third quarter. Northern Trust Corp now owns 357,132 shares of the company’s stock worth $18,979,000 after buying an additional 38,413 shares during the last quarter. BlackRock Investment Management LLC raised its stake in shares of Popeyes Louisiana Kitchen by 0.9% in the second quarter. BlackRock Investment Management LLC now owns 90,933 shares of the company’s stock worth $4,969,000 after buying an additional 809 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Popeyes Louisiana Kitchen by 1.1% in the third quarter. California State Teachers Retirement System now owns 45,923 shares of the company’s stock worth $2,440,000 after buying an additional 500 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Popeyes Louisiana Kitchen by 2.5% in the third quarter. Morgan Stanley now owns 43,881 shares of the company’s stock worth $2,333,000 after buying an additional 1,078 shares during the last quarter. Hedge funds and other institutional investors own 96.91% 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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