Avenir Corp buys $58,426,747 stake in Popeyes Louisiana Kitchen Inc (PLKI)

Popeyes Louisiana Kitchen Inc (PLKI) : Avenir Corp scooped up 1,007 additional shares in Popeyes Louisiana Kitchen Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,026,291 shares of Popeyes Louisiana Kitchen Inc which is valued at $58,426,747.Popeyes Louisiana Kitchen Inc makes up approximately 4.58% of Avenir Corp’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies reduced its stake in PLKI by selling 176,500 shares or 22.06% in the most recent quarter. The Hedge Fund company now holds 623,444 shares of PLKI which is valued at $35,492,667. Popeyes Louisiana Kitchen Inc makes up approx 0.07% of Renaissance Technologies’s portfolio.Fort Washington Investment Advisors Inc Oh reduced its stake in PLKI by selling 5,000 shares or 24.25% in the most recent quarter. The Hedge Fund company now holds 15,617 shares of PLKI which is valued at $889,076. Popeyes Louisiana Kitchen Inc makes up approx 0.02% of Fort Washington Investment Advisors Inc Oh’s portfolio.Alpine Woods Capital Investors reduced its stake in PLKI by selling 799 shares or 10.63% in the most recent quarter. The Hedge Fund company now holds 6,721 shares of PLKI which is valued at $382,627. Popeyes Louisiana Kitchen Inc makes up approx 0.02% of Alpine Woods Capital Investors’s portfolio.Msi Financial Services Inc reduced its stake in PLKI by selling 2 shares or 40.0% in the most recent quarter. The Hedge Fund company now holds 3 shares of PLKI which is valued at $172.

Popeyes Louisiana Kitchen Inc closed down -0.24 points or -0.43% at $55.06 with 93,124 shares getting traded on Monday. Post opening the session at $55.19, the shares hit an intraday low of $54.77 and an intraday high of $55.64 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Popeyes Louisiana Kitchen Inc reported $0.47 EPS for the quarter, based on the information available during the earnings call on Aug 16, 2016. Analyst had a consensus estimate of $0.47. The company had revenue of $61.70 million for the quarter, compared to analysts expectations of $63.50 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on Popeyes Louisiana Kitchen Inc. Shares were Reiterated by Maxim Group on May 26, 2016 to “Buy” and Lowered the Price Target to $ 60 from a previous price target of $64 .

Popeyes Louisiana Kitchen Inc. (Popeyes) develops operates and franchises quick-service restaurants (QSRs or restaurants) under the trade names Popeyes Chicken & Biscuits and Popeyes Louisiana Kitchen. The Company operates through two segments: franchise operations and company-operated restaurants. Within the QSR industry Popeyes offers Louisiana style menu that features spicy chicken chicken tenders fried shrimp and other seafood red beans and rice and other regional items. The Company has approximately 340 franchisees operating restaurants within the Popeyes system. Its domestic franchisee operates approximately 132 restaurants and its international franchisee operates approximately 109 restaurants. The Company operates and franchises approximately 2379 Popeyes restaurants in 48 states the District of Columbia three territories and 26 foreign countries.

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