Jefferies Maintains Popeyes Louisiana Kitchen Inc to Buy with Price Target $63.00

Brokerage firm Jefferies Maintains its rating on Popeyes Louisiana Kitchen Inc(NASDAQ:PLKI). In a research note issued to the investors, the brokerage major Lowers the price-target to $63.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Aug 18, 2016.

In a different note, On Aug 17, 2016, Maxim Group said it Downgrades its rating on Popeyes Louisiana Kitchen Inc. The shares have been rated ‘Hold’ by the firm. On May 27, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Popeyes Louisiana Kitchen Inc. In the research note, the firm Lowers the price-target to $59.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 26, 2016, Sidoti & Co. said it Maintains its rating on Popeyes Louisiana Kitchen Inc. In the research note, the firm Lowers the price-target to $70.00 per share. The shares have been rated ‘Buy’ by the firm.

Popeyes Louisiana Kitchen Inc (PLKI) shares turned negative on Mondays trading session with the shares closing down -0.24 points or -0.43% at a volume of 93,124. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $55.64. The peak price level was also seen at $55.64 while the days lowest was $54.77. Finally the shares closed at $55.06. The 52-week high of the shares is $63 while the 52-week low is $49.11. According to the latest information available, the market cap of the company is $1,171 M.

Popeyes Louisiana Kitchen Inc(PLKI) last announced its earnings results on Aug 16, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $61.70M. Analysts had an estimated revenue of $63.40M. Earnings per share were $0.47. Analysts had estimated an EPS of $0.47.

Several Insider Transactions has been reported to the SEC. On Apr 18, 2016, Richard Lynch (Chief Global Brand Officer) sold 8,300 shares at $52.78 per share price.Also, On Mar 3, 2016, Harold M Cohen (General Counsel) sold 5,500 shares at $55.10 per share price.On Dec 22, 2015, Cheryl A Bachelder (CEO) sold 25,639 shares at $56.70 per share price, according to the Form-4 filing with the securities and exchange commission.

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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