Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) – Stock analysts at Jefferies Group lowered their Q4 2016 earnings per share (EPS) estimates for Popeyes Louisiana Kitchen in a research note issued to investors on Friday. Jefferies Group analyst A. Slagle now anticipates that the brokerage will post earnings of $0.45 per share for the quarter, down from their prior estimate of $0.52. Jefferies Group currently has a “Hold” rating and a $63.00 price target on the stock. Jefferies Group also issued estimates for Popeyes Louisiana Kitchen’s FY2017 earnings at $2.47 EPS.

Popeyes Louisiana Kitchen (NASDAQ:PLKI) last released its earnings results on Wednesday, November 9th. The company reported $0.59 EPS for the quarter, beating the Zacks’ 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 return on equity of 132.85% and a net margin of 16.19%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS.

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

Several other equities research analysts have also recently weighed in on PLKI. Maxim Group boosted their price objective on Popeyes Louisiana Kitchen from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, November 11th. Wedbush reissued 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. reissued 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 Popeyes Louisiana Kitchen from a “strong sell” rating to a “sell” rating and set a $50.49 price objective on the stock in a research note on Tuesday, August 23rd. Finally, Zacks Investment Research raised Popeyes Louisiana Kitchen from a “sell” rating to a “hold” rating in a research note on Wednesday, August 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $59.94.

Popeyes Louisiana Kitchen (NASDAQ:PLKI) opened at 58.64 on Monday. Popeyes Louisiana Kitchen has a 1-year low of $49.11 and a 1-year high of $63.00. The stock has a market cap of $1.22 billion, a PE ratio of 29.98 and a beta of -0.11. The stock has a 50 day moving average price of $53.40 and a 200-day moving average price of $54.96.

Hedge funds and other institutional investors have recently made changes to their positions in the company. RS Investment Management Co. LLC boosted its position 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. Eagle Asset Management Inc. boosted its position in shares of Popeyes Louisiana Kitchen by 13.2% in the second quarter. Eagle Asset Management Inc. now owns 364,160 shares of the company’s stock valued at $19,897,000 after buying an additional 42,531 shares during the period. BNP Paribas Arbitrage SA boosted its position 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 valued at $382,000 after buying an additional 3,339 shares during the period. Renaissance Technologies LLC boosted its position 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 valued at $41,645,000 after buying an additional 20,944 shares during the period. Finally, Aristotle Capital Boston LLC boosted its position in shares of Popeyes Louisiana Kitchen by 3.3% in the second quarter. Aristotle Capital Boston LLC now owns 146,911 shares of the company’s stock valued at $8,027,000 after buying an additional 4,705 shares during the period. 94.72% of the stock is currently owned by institutional investors.

In related 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 value of $81,990.00. Following the transaction, the director now owns 264 shares of the company’s stock, valued at $14,430.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by corporate insiders.

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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