Popeyes Louisiana Kitchen, Inc. (NASDAQ:PLKI) had its price target upped by Maxim Group from $63.00 to $70.00 in a research report report published on Tuesday morning. They currently have a hold rating on the stock.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Popeyes Louisiana Kitchen from a hold rating to a buy rating and set a $59.00 target price for the company in a report on Thursday, October 20th. TheStreet downgraded Popeyes Louisiana Kitchen from a buy rating to a hold rating in a report on Friday, November 11th. Jefferies Group LLC downgraded Popeyes Louisiana Kitchen from a buy rating to a hold rating and set a $63.00 target price for the company. in a report on Thursday, November 10th. They noted that the move was a valuation call. Finally, Wedbush restated an outperform rating and set a $72.00 target price on shares of Popeyes Louisiana Kitchen in a report on Saturday, January 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $61.50.

Analyst Recommendations for Popeyes Louisiana Kitchen (NASDAQ:PLKI)

Shares of Popeyes Louisiana Kitchen (NASDAQ:PLKI) opened at 66.38 on Tuesday. The stock’s 50 day moving average price is $63.01 and its 200-day moving average price is $58.07. Popeyes Louisiana Kitchen has a 1-year low of $49.11 and a 1-year high of $75.74. The company has a market capitalization of $1.38 billion, a PE ratio of 33.94 and a beta of -0.11.

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A number of large investors have recently modified their holdings of the company. Janus Capital Management LLC boosted its stake in shares of Popeyes Louisiana Kitchen by 8.2% in the fourth quarter. Janus Capital Management LLC now owns 2,234,624 shares of the company’s stock valued at $135,150,000 after buying an additional 169,044 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Popeyes Louisiana Kitchen by 0.8% in the second quarter. Vanguard Group Inc. now owns 1,756,915 shares of the company’s stock valued at $95,998,000 after buying an additional 14,547 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Popeyes Louisiana Kitchen by 6.0% in the third quarter. BlackRock Fund Advisors now owns 1,459,779 shares of the company’s stock valued at $77,573,000 after buying an additional 82,239 shares during the last quarter. Avenir Corp boosted its stake in shares of Popeyes Louisiana Kitchen by 0.3% in the fourth quarter. Avenir Corp now owns 990,633 shares of the company’s stock valued at $59,913,000 after buying an additional 3,369 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Popeyes Louisiana Kitchen by 43,786.4% in the third quarter. Victory Capital Management Inc. now owns 795,660 shares of the company’s stock valued at $42,282,000 after buying an additional 793,847 shares during the last quarter. 97.55% of the stock is currently owned by institutional investors.

About Popeyes Louisiana Kitchen

Popeyes Louisiana Kitchen, Inc operates and franchises quick-service restaurants (QSRs or restaurants) under the trade names Popeyes Louisiana Kitchen and Popeyes Chicken & Biscuits. The Company operates through two segments: franchise operations and company-operated restaurants. The franchise segment consists of domestic and international franchising activities.

5 Day Chart for NASDAQ:PLKI

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