Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) had its price target raised by Maxim Group from $60.00 to $63.00 in a research note issued to investors on Friday. The brokerage currently has a hold rating on the stock.

Other equities research analysts also recently issued reports about the stock. Jefferies Group reiterated a buy rating and set a $63.00 price objective (down from $65.00) on shares of Popeyes Louisiana Kitchen in a research note on Thursday, August 18th. Zacks Investment Research upgraded shares of Popeyes Louisiana Kitchen from a hold rating to a buy rating and set a $59.00 price objective for the company in a research note on Thursday, October 20th. Piper Jaffray Cos. reiterated 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. Wedbush reiterated an outperform rating and set a $65.00 price objective on shares of Popeyes Louisiana Kitchen in a research note on Wednesday, August 17th. Finally, Vetr upgraded 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Popeyes Louisiana Kitchen has an average rating of Hold and a consensus price target of $59.94.

Analyst Recommendations for Popeyes Louisiana Kitchen (NASDAQ:PLKI)

Popeyes Louisiana Kitchen (NASDAQ:PLKI) opened at 58.64 on Friday. Popeyes Louisiana Kitchen has a one year low of $49.11 and a one year high of $63.00. The company has a 50-day moving average of $53.40 and a 200 day moving average of $54.96. The company has a market cap of $1.22 billion, a P/E ratio of 29.98 and a beta of -0.11.

Popeyes Louisiana Kitchen (NASDAQ:PLKI) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. Popeyes Louisiana Kitchen had a net margin of 16.19% and a return on equity of 132.85%. The business earned $64 million during the quarter, compared to the consensus estimate of $64.92 million. During the same period in the previous year, the firm posted $0.47 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts anticipate that Popeyes Louisiana Kitchen will post $2.11 earnings per share for the current year.

In other news, Director Carolyn H. Byrd sold 1,500 shares of Popeyes Louisiana Kitchen stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $54.66, for a total value of $81,990.00. Following the sale, the director now owns 264 shares in the company, valued at $14,430.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Popeyes Louisiana Kitchen by 0.8% in the second quarter. Vanguard Group Inc. now owns 1,756,915 shares of the company’s stock valued at $95,998,000 after buying an additional 14,547 shares during the period. 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 valued at $83,865,000 after buying an additional 233,912 shares during the period. BlackRock Fund Advisors raised its stake in shares of Popeyes Louisiana Kitchen by 6.0% in the third quarter. BlackRock Fund Advisors now owns 1,459,779 shares of the company’s stock valued at $77,573,000 after buying an additional 82,239 shares during the period. RS Investment Management Co. LLC raised 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 valued at $57,608,000 after buying an additional 178,130 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Popeyes Louisiana Kitchen by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 800,419 shares of the company’s stock valued at $43,735,000 after buying an additional 5,295 shares during the period. Institutional investors and hedge funds own 94.72% 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.

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