Popeyes to be sold to Burger King's parent company for $1.8B

Posted February 23, 2017

This rating was issued on 11/11/16.

Since then, Popeyes shareholders have seen its stock increase by 21.7% annually in the nine years since Bachelder took the helm. Wedbush restated an "outperform" rating and set a $72.00 target price on shares of Popeyes Louisiana Kitchen in a research note on Saturday.

Investors expected a price target of 0.58 for this quarter. These analysts and investment firms use various valuation methods to decide a price target for a stock. Janus Capital Management Llc owns $147.75 million in Popeyes Louisiana Kitchen, Inc., which represents roughly 9.01% of the company's market cap and approximately 11% of the institutional ownership. Popeyes Louisiana Kitchen has a 52 week low of $49.11 and a 52 week high of $78.86. SunTrust Robinson Humphrey Maintains the company's stock to Neutral on 5/27/16 by setting a price target of $58.

"Oxford Asset Management Reduces Stake in Popeyes Louisiana Kitchen, Inc". (NASDAQ:PLKI), the current mean stands at 2.56. (NASDAQ:PLKI) now has a consensus Price Target of $65.22.

Several sell side analysts reviewed their recommendations on Popeyes Louisiana Kitchen, Inc.

There are 1 sell rating, 7 hold ratings on the stock. A month ago, analyst EPS consensus estimated earnings of US$0.47 per share.

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Finally, Archford Capital Strategies LLC increased its stake in The Kraft Heinz Company by 7.6% in the fourth quarter. The value of Buffett's stake in Kraft Heinz in today's dollars, with its shares close to $94, is about $30.6 billion.

For the quarter ending 08/16/2016, The Analyst projected that the company could deliver EPS of 0.47 while the company provided its Actual EPS of 0.47 showing a difference of 0 Percent between the Estimated and Actual EPS.

An important factor to consider when evaluating a stock's current and future value are the 52 week price high and low levels. He soon changed the name to Popeye's, after Gene Hackman's Popeye Doyle from "The French Connection", which came out the year before, and amped up the spice in the recipe. The firm's 50-day moving average is $63.70 and its 200-day moving average is $58.31.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. The Stock now has the market capitalization of $13.49 Billion, P/E (price to earnings ttm) of 47.96 and Weekly volatility of 2.70% and monthly volatility of 2.04% respectively. (NASDAQ:PLKI) performance during the last one year Improved 30.85 percent, while its year to date (YTD) performance showed a Positive trend of 30.18 percent.

Popeyes shares soared on the news, reaching US$79.03 in early morning trading, a jump of about 19.5 per cent from Friday's close.

The Relative Volume of the company is 2.82 and Average Volume (3 months) is 668.15 million.

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