Insider Selling: AFC Enterprises CEO Unloads 9,352 Shares of Stock (AFCE)
AFC Enterprises (NASDAQ:AFCE) CEO Cheryl Bachelder sold 9,352 shares of AFC Enterprises stock on the open market in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $42.44, for a total transaction of $396,898.88. Following the completion of the transaction, the chief executive officer now directly owns 200,851 shares of the company’s stock, valued at approximately $8,524,116. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Feltl & Co. raised their price target on shares of AFC Enterprises (NASDAQ:AFCE) from $35.00 to $38.00 in a research note to investors on Thursday, August 22nd. They now have a “hold” rating on the stock.
Shares of AFC Enterprises (NASDAQ:AFCE) traded up 1.17% on Wednesday, hitting $43.29. The stock had a trading volume of 97,501 shares. AFC Enterprises has a 52 week low of $24.35 and a 52 week high of $44.45. The stock has a 50-day moving average of $40.96 and a 200-day moving average of $36.57. The company has a market cap of $1.033 billion and a price-to-earnings ratio of 31.03.
AFC Enterprises (NASDAQ:AFCE) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.04. The company had revenue of $47.90 million for the quarter, compared to the consensus estimate of $45.35 million. During the same quarter last year, the company posted $0.27 earnings per share. AFC Enterprises’s revenue was up 21.0% compared to the same quarter last year. Analysts expect that AFC Enterprises will post $1.43 EPS for the current fiscal year.
AFC Enterprises, Inc (NASDAQ:AFCE) develops, operates, and franchises quick-service restaurants (QSRs or restaurants) under the trade names Popeyes Chicken & Biscuits and Popeyes Louisiana Kitchen (collectively Popeyes).
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