Insider Selling: AFC Enterprises CEO Unloads 18,428 Shares of Stock (AFCE)
AFC Enterprises (NASDAQ:AFCE) CEO Cheryl Bachelder sold 18,428 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $43.76, for a total value of $806,409.28. Following the transaction, the chief executive officer now directly owns 200,851 shares in the company, valued at approximately $8,789,240. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Feltl & Co. raised their price target on shares of AFC Enterprises 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.
AFC Enterprises (NASDAQ:AFCE) traded down 0.54% on Monday, hitting $43.94. 37,474 shares of the company’s stock traded hands. AFC Enterprises has a 1-year low of $24.53 and a 1-year high of $44.92. The stock’s 50-day moving average is $43.12 and its 200-day moving average is $37.57. The company has a market cap of $1.048 billion and a price-to-earnings ratio of 32.04.
AFC Enterprises (NASDAQ:AFCE) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, analysts predict that AFC Enterprises will post $1.44 earnings per share 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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