Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) – Equities researchers at Wedbush decreased their Q4 2016 earnings estimates for Popeyes Louisiana Kitchen in a research report issued to clients and investors on Friday. Wedbush analyst N. Setyan now expects that the firm will post earnings per share of $0.45 for the quarter, down from their previous estimate of $0.52. Wedbush currently has a “Outperform” rating and a $65.00 target price on the stock. Wedbush also issued estimates for Popeyes Louisiana Kitchen’s Q1 2017 earnings at $0.66 EPS, Q3 2017 earnings at $0.68 EPS and Q4 2017 earnings at $0.51 EPS.

Several other equities research analysts have also recently issued reports on the company. Zacks Investment Research raised Popeyes Louisiana Kitchen from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Thursday, October 20th. Jefferies Group reissued a “buy” rating on shares of Popeyes Louisiana Kitchen in a research note on Thursday, August 4th. Vetr cut Popeyes Louisiana Kitchen from a “strong-buy” rating to a “sell” rating and set a $50.49 target price for the company. in a research note on Wednesday, August 17th. Piper Jaffray Cos. reissued an “in-line” rating and set a $56.00 target price on shares of Popeyes Louisiana Kitchen in a research note on Wednesday, August 17th. Finally, Maxim Group cut 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. 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’s stock. Popeyes Louisiana Kitchen presently has a consensus rating of “Hold” and a consensus target price of $59.94.

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

Shares of Popeyes Louisiana Kitchen (NASDAQ:PLKI) opened at 59.48 on Monday. Popeyes Louisiana Kitchen has a 1-year low of $49.11 and a 1-year high of $63.00. The firm has a 50-day moving average price of $53.27 and a 200-day moving average price of $54.88. The stock has a market capitalization of $1.24 billion, a PE ratio of 30.41 and a beta of -0.11.

Popeyes Louisiana Kitchen (NASDAQ:PLKI) last released its quarterly earnings results on Wednesday, November 9th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Popeyes Louisiana Kitchen had a return on equity of 132.85% and a net margin of 16.19%. The company earned $64 million during the quarter, compared to analysts’ expectations of $64.92 million. During the same period last year, the business posted $0.47 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year.

In related news, Director Carolyn H. Byrd sold 1,500 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 264 shares of the company’s stock, valued at approximately $14,430.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning boosted its position in Popeyes Louisiana Kitchen by 91.7% in the second quarter. Creative Planning now owns 2,300 shares of the company’s stock valued at $126,000 after buying an additional 1,100 shares during the last quarter. US Bancorp DE boosted its position in Popeyes Louisiana Kitchen by 116.5% in the second quarter. US Bancorp DE now owns 2,334 shares of the company’s stock valued at $128,000 after buying an additional 1,256 shares during the last quarter. BlackRock Inc. boosted its position in Popeyes Louisiana Kitchen by 53.4% in the second quarter. BlackRock Inc. now owns 2,489 shares of the company’s stock valued at $136,000 after buying an additional 866 shares during the last quarter. Bruderman Asset Management LLC boosted its position in Popeyes Louisiana Kitchen by 10.3% in the second quarter. Bruderman Asset Management LLC now owns 2,880 shares of the company’s stock valued at $157,000 after buying an additional 270 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position 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 valued at $163,000 after buying an additional 361 shares during the last quarter. 94.72% of the stock is owned by hedge funds and other institutional investors.

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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