The stock of Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) is a huge mover today! About 508,616 shares traded hands or 210.24% up from the average. Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) has risen 6.49% since April 8, 2016 and is uptrending. It has outperformed by 0.84% the S&P500.
The move comes after 9 months positive chart setup for the $1.31 billion company. It was reported on Nov, 10 by Barchart.com. We have $84.06 PT which if reached, will make NASDAQ:PLKI worth $537.10M more.
Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) Ratings Coverage
Out of 7 analysts covering Popeyes Louisiana Kitchen (NASDAQ:PLKI), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. Popeyes Louisiana Kitchen has been the topic of 13 analyst reports since August 22, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, August 25 by Zacks. On Tuesday, December 15 the stock rating was initiated by Maxim Group with “Buy”. The firm has “Buy” rating given on Tuesday, April 26 by Maxim Group. As per Tuesday, November 10, the company rating was downgraded by Longbow. The rating was downgraded by Zacks to “Sell” on Tuesday, September 22. The stock of Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) has “Buy” rating given on Thursday, May 26 by Sidoti. The stock has “Neutral” rating given by SunTrust on Friday, May 27. The firm earned “Market Perform” rating on Tuesday, April 19 by Cowen & Co. The firm earned “Buy” rating on Thursday, February 25 by Maxim Group. On Wednesday, August 17 the stock rating was downgraded by Maxim Group to “Hold”.
According to Zacks Investment Research, “Popeyes Louisiana Kitchen Inc. owns, operates and franchises a chain of quick-service restaurants. The company operates in two business segments: franchise operations and company-operated restaurants. It operates primarily in Texas, California, Louisiana, Florida, Illinois, Maryland, New York, Georgia, Virginia and Mississippi. Popeyes Louisiana Kitchen Inc., formerly known as AFC Enterprises, Inc., is based in Atlanta, United States.”
Insitutional Activity: The institutional sentiment decreased to 0.66 in 2016 Q2. Its down 0.70, from 1.36 in 2016Q1. The ratio turned negative, as 20 funds sold all Popeyes Louisiana Kitchen Inc shares owned while 66 reduced positions. 16 funds bought stakes while 41 increased positions. They now own 20.30 million shares or 1.87% less from 20.69 million shares in 2016Q1.
National Bank & Trust Of New York Mellon Corporation last reported 258,622 shares in the company. Mutual Of America Mngmt Limited Liability has 26,173 shares for 0.03% of their US portfolio. Alpine Woods Cap Invsts Llc holds 6,721 shares or 0.02% of its portfolio. Allianz Asset Mgmt Ag last reported 0% of its portfolio in the stock. Wilen Management holds 8,000 shares or 0.28% of its portfolio. Raymond James And accumulated 27,789 shares or 0% of the stock. Clinton Grp Incorporated accumulated 4,994 shares or 0.01% of the stock. Aqr Management Ltd Liability Corp has 0% invested in the company for 8,031 shares. Royal Fincl Bank Of Canada last reported 0% of its portfolio in the stock. Nationwide Fund Advsrs has invested 0% of its portfolio in Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI). Invesco accumulated 84,590 shares or 0% of the stock. Comerica Natl Bank owns 18,478 shares or 0.01% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) owns 526 shares or 0% of their US portfolio. Blackrock Institutional Trust Na holds 555,746 shares or 0% of its portfolio. Bandera Limited Liability Co holds 18.1% of its portfolio in Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) for 503,644 shares.
Insider Transactions: Since September 16, 2016, the stock had 0 insider purchases, and 1 insider sale for $81,983 net activity. BYRD CAROLYN H sold 1,500 shares worth $81,983.
More notable recent Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) news were published by: Seekingalpha.com which released: “Popeyes Louisiana Kitchen, Inc. Reports Thursday AM: Rangebound For 12 Months …” on November 08, 2016, also Fool.com with their article: “Popeyes Lousiana Kitchen, Inc. Makes Domestic Progress” published on November 10, 2016, Reuters.com published: “BRIEF-Popeyes Louisiana Kitchen Q3 earnings per share $0.49” on November 09, 2016. More interesting news about Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) were released by: Businesswire.com and their article: “Popeyes Louisiana Kitchen, Inc. Announces Third Quarter 2016 Earnings …” published on October 26, 2016 as well as Fool.com‘s news article titled: “Popeyes Louisiana Kitchen, Inc. Heats Up a Strong Quarter” with publication date: November 14, 2015.
PLKI Company Profile
Popeyes Louisiana Kitchen, Inc. (Popeyes), incorporated on July 27, 1992, develops, operates and franchises quick-service restaurants (QSRs or restaurants) under the trade names Popeyes Louisiana Kitchen and Popeyes Chicken & Biscuits. The Firm operates through two divisions: franchise activities and company-operated restaurants. The franchise segment consists of domestic and international franchising activities. Within the QSR industry, the Company offers Louisiana style menu that features spicy chicken, chicken tenders, fried shrimp and other seafood, red beans and rice and other regional items.
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