Todays Report: The Nationwide Fund Advisors decides to keep it stake in Popeyes Louisiana Kitchen Inc. (PLKI) to the level of $781,000

The Nationwide Fund Advisors decides to keep it stake in Popeyes Louisiana Kitchen Inc. (PLKI) to the level of $781,000

Nationwide Fund Advisors cut its stake in Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) by 66.4% during the second quarter, Holdings Channel reports. The firm owned 14,292 shares of the company’s stock after selling 28,256 shares during the period. Nationwide Fund Advisors owned approximately 0.07% of Popeyes Louisiana Kitchen worth $781,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PLKI. JPMorgan Chase & Co. increased its position in shares of Popeyes Louisiana Kitchen by 978.7% in the second quarter. JPMorgan Chase & Co. now owns 4,250 shares of the company’s stock worth $233,000 after buying an additional 3,856 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Popeyes Louisiana Kitchen by 1.5% in the second quarter. Ameriprise Financial Inc. now owns 105,789 shares of the company’s stock worth $5,780,000 after buying an additional 1,572 shares during the last quarter. I.G. Investment Management LTD. increased its position in shares of Popeyes Louisiana Kitchen by 1.9% in the second quarter. I.G. Investment Management LTD. now owns 33,770 shares of the company’s stock worth $1,845,000 after buying an additional 618 shares during the last quarter. Chartwell Investment Partners LLC acquired a new position in shares of Popeyes Louisiana Kitchen during the second quarter worth about $8,675,000. Finally, Stanley Laman Group Ltd. acquired a new position in shares of Popeyes Louisiana Kitchen during the second quarter worth about $294,000. 97.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI) traded up 1.46% during mid-day trading on Friday, reaching $52.76. The company’s stock had a trading volume of 98,053 shares. The firm has a market cap of $1.12 billion, a P/E ratio of 27.39 and a beta of 0.09. Popeyes Louisiana Kitchen Inc. has a 12-month low of $49.11 and a 12-month high of $63.00. The firm’s 50-day moving average price is $53.12 and its 200 day moving average price is $54.80.

Popeyes Louisiana Kitchen (NASDAQ:PLKI) last posted its quarterly earnings data on Tuesday, August 16th. The company reported $0.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.47. The firm earned $61.70 million during the quarter, compared to analysts’ expectations of $63.40 million. Popeyes Louisiana Kitchen had a return on equity of 90.86% and a net margin of 16.44%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 EPS. On average, analysts expect that Popeyes Louisiana Kitchen Inc. will post $2.09 EPS for the current year.

A number of brokerages have recently issued reports on PLKI. Maxim Group downgraded Popeyes Louisiana Kitchen from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a report on Wednesday, August 17th. Wedbush reiterated an “outperform” rating and set a $65.00 price objective on shares of Popeyes Louisiana Kitchen in a research report on Wednesday, August 17th. Piper Jaffray Cos. reiterated an “in-line” rating and set a $56.00 price objective on shares of Popeyes Louisiana Kitchen in a research report on Wednesday, August 17th. Vetr upgraded Popeyes Louisiana Kitchen from a “strong sell” rating to a “sell” rating and set a $50.49 price objective for the company in a research report on Tuesday, August 23rd. Finally, Jefferies Group reiterated a “buy” rating and set a $63.00 price objective (down previously from $65.00) on shares of Popeyes Louisiana Kitchen in a research report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $59.61.

In other news, Director Carolyn H. Byrd sold 1,500 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $54.66, for a total value of $81,990.00. Following the completion of the sale, the director now owns 264 shares of the company’s stock, valued at approximately $14,430.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by insiders.

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.

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