The Popeyes Louisiana Kitchen, Inc. (PLKI) Stake Decreased by the PNC Financial Services …

//The Popeyes Louisiana Kitchen, Inc. (PLKI) Stake Decreased by the PNC Financial Services …

The Popeyes Louisiana Kitchen, Inc. (PLKI) Stake Decreased by the PNC Financial Services …

PNC Financial Services Group Inc. reduced its position in Popeyes Louisiana Kitchen, Inc. (NASDAQ:PLKI) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,390 shares of the company’s stock after selling 142 shares during the period. PNC Financial Services Group Inc.’s holdings in Popeyes Louisiana Kitchen were worth $499,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Popeyes Louisiana Kitchen by 0.8% in the second quarter. Vanguard Group Inc. now owns 1,756,915 shares of the company’s stock worth $95,998,000 after buying an additional 14,547 shares in the last quarter. Janus Capital Management LLC boosted its position in 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 in the last quarter. RS Investment Management Co. LLC boosted its position in 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in Popeyes Louisiana Kitchen by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 800,419 shares of the company’s stock worth $43,735,000 after buying an additional 5,295 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Popeyes Louisiana Kitchen by 43,786.4% in the third quarter. Victory Capital Management Inc. now owns 795,660 shares of the company’s stock worth $42,282,000 after buying an additional 793,847 shares in the last quarter. Institutional investors own 97.08% of the company’s stock.

Popeyes Louisiana Kitchen, Inc. (NASDAQ:PLKI) traded down 1.19% during mid-day trading on Friday, hitting $60.48. The company had a trading volume of 124,035 shares. Popeyes Louisiana Kitchen, Inc. has a 1-year low of $49.11 and a 1-year high of $63.11. The stock has a market capitalization of $1.25 billion, a PE ratio of 30.92 and a beta of -0.03. The stock has a 50 day moving average price of $61.03 and a 200-day moving average price of $56.36.

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

A number of research firms recently commented on PLKI. TheStreet cut Popeyes Louisiana Kitchen from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. Zacks Investment Research raised Popeyes Louisiana Kitchen from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Thursday, October 20th. Jefferies Group cut Popeyes Louisiana Kitchen from a “buy” rating to a “hold” rating and set a $63.00 price objective on the stock. in a research note on Thursday, November 10th. They noted that the move was a valuation call. Finally, Maxim Group raised their price objective on Popeyes Louisiana Kitchen from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, November 11th. 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 currently has an average rating of “Hold” and an average target price of $59.94.

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.

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2017-10-23T11:03:45+00:00