Popeyes Louisiana Kitchen was downgraded by equities research analysts at Vetr from a "buy" rating to a "hold" rating in a research note issued to investors.
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They presently have a $60 target price on the stock. Vetr‘s target price would indicate a potential upside of 3.91% from the stock’s current price, AnalystRatingsNetwork.com reports.
Shares of Popeyes Louisiana Kitchen traded up 2.23% during mid-day trading on Monday, hitting $57.72. The stock had a trading volume of 168,169 shares.
The firm has a market capitalization of $1.30 billion and a price-to-earnings ratio of 31.08. Popeyes Louisiana Kitchen has a 1-year low of $50.57 and a 1-year high of $66.49. The stock’s 50-day moving average is $56.17 and its 200 day moving average is $57.29.
Popeyes Louisiana Kitchen last posted its quarterly earnings results on Wednesday, November 11th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.02. The business earned $61.10 million during the quarter, compared to the consensus estimate of $61.97 million.
During the same period in the prior year, the firm earned $0.42 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities research analysts predict that Popeyes Louisiana Kitchen will post $1.91 EPS for the current fiscal year.
A hedge fund recently raised its stake in Popeyes Louisiana Kitchen stock. Eagle Asset Management increased its stake in shares of Popeyes Louisiana Kitchen by 137.8% during the third quarter, according to its most recent Form 13F filing with the SEC.
The firm owned 179,276 shares of the company’s stock after buying an additional 103,888 shares during the period. Eagle Asset Management owned 0.77% of Popeyes Louisiana Kitchen worth $10,102,000 as of its most recent SEC filing. ■
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