Eagle Boston Investment Management Inc buys $12,430,415 stake in Popeyes Louisiana Kitchen Inc (PLKI)

Popeyes Louisiana Kitchen Inc (PLKI) : Eagle Boston Investment Management Inc scooped up 5,480 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 Jul 19, 2016. The investment management firm now holds a total of 216,671 shares of Popeyes Louisiana Kitchen Inc which is valued at $12,430,415.Popeyes Louisiana Kitchen Inc makes up approximately 1.62% of Eagle Boston Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Eagle Asset Management Inc boosted its stake in PLKI in the latest quarter, The investment management firm added 42,531 additional shares and now holds a total of 364,160 shares of Popeyes Louisiana Kitchen Inc which is valued at $20,891,859. Popeyes Louisiana Kitchen Inc makes up approx 0.14% of Eagle Asset Management Inc’s portfolio. Barrett Asset Management sold out all of its stake in PLKI during the most recent quarter. The investment firm sold 103 shares of PLKI which is valued $5,909.Creative Planning boosted its stake in PLKI in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 2,300 shares of Popeyes Louisiana Kitchen Inc which is valued at $128,593.

Popeyes Louisiana Kitchen Inc opened for trading at $56.71 and hit $57.67 on the upside on Wednesday, eventually ending the session at $57.37, with a gain of 1.50% or 0.85 points. The heightened volatility saw the trading volume jump to 1,36,728 shares. Company has a market cap of $1,256 M.

On the company’s financial health, Popeyes Louisiana Kitchen Inc reported $0.58 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on May 25, 2016. Analyst had a consensus of $0.64. The company had revenue of $82.20 million for the quarter, compared to analysts expectations of $84.90 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 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 .Shares were Reiterated by Maxim Group on Apr 26, 2016 to “Buy” and Lowered the Price Target to $ 64 from a previous price target of $66 .

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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