Popeyes Louisiana Kitchen Inc (PLKI) Given Average Recommendation of “Hold” by Analysts

Popeyes Louisiana Kitchen Inc (PLKI) Given Average Recommendation of “Hold” by Analysts

PLKI has been the subject of several recent research reports. Stephens restated an “overweight” rating and set a $58.00 price objective on shares of Popeyes Louisiana Kitchen in a report on Wednesday, February 22nd. Maxim Group boosted their price objective on Popeyes Louisiana Kitchen from $63.00 to $70.00 and gave the company a “hold” rating in a report on Tuesday, February 14th. Sidoti downgraded Popeyes Louisiana Kitchen from a “buy” rating to a “neutral” rating in a report on Tuesday, February 14th. Jefferies Group LLC restated a “hold” rating and set a $63.00 price objective on shares of Popeyes Louisiana Kitchen in a report on Wednesday, February 22nd. Finally, Zacks Investment Research upgraded Popeyes Louisiana Kitchen from a “sell” rating to a “hold” rating in a report on Thursday, February 23rd.

Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) has been assigned a consensus rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $62.70.

Shares of Popeyes Louisiana Kitchen (NASDAQ PLKI) opened at 79.00 on Tuesday. Popeyes Louisiana Kitchen has a 1-year low of $49.11 and a 1-year high of $79.16. The company’s 50-day moving average price is $75.23 and its 200-day moving average price is $62.33.

Several large investors have recently added to or reduced their stakes in PLKI. Janus Capital Management LLC increased its stake in Popeyes Louisiana Kitchen by 8.2% in the fourth quarter. Janus Capital Management LLC now owns 2,234,624 shares of the restaurant operator’s stock valued at $135,150,000 after buying an additional 169,044 shares in the last quarter. Avenir Corp increased its stake in Popeyes Louisiana Kitchen by 0.3% in the fourth quarter. Avenir Corp now owns 990,633 shares of the restaurant operator’s stock valued at $59,913,000 after buying an additional 3,369 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Popeyes Louisiana Kitchen by 0.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 559,827 shares of the restaurant operator’s stock valued at $29,749,000 after buying an additional 4,081 shares in the last quarter. State Street Corp increased its stake in Popeyes Louisiana Kitchen by 7.1% in the fourth quarter. State Street Corp now owns 484,765 shares of the restaurant operator’s stock valued at $29,316,000 after buying an additional 32,107 shares in the last quarter. Finally, Cypress Funds LLC purchased a new stake in Popeyes Louisiana Kitchen during the third quarter valued at approximately $10,628,000. Hedge funds and other institutional investors own 97.55% of the company’s stock.

About Popeyes Louisiana Kitchen

Popeyes Louisiana Kitchen, Inc (Popeyes) develops, operates and franchises quick-service restaurants (QSRs) under the trade names Popeyes Louisiana Kitchen and Popeyes Chicken & Biscuits. The Company conducts its operations through two segments: franchise operations and Company-operated restaurants. The Company-operated restaurant segment includes the operation of Company-owned restaurants.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PLKI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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