Popeyes Louisiana Kitchen CEO Cheryl A. Bachelder Unloads 22,111 Shares (PLKI)
Popeyes Louisiana Kitchen (NASDAQ:PLKI) CEO Cheryl A. Bachelder unloaded 22,111 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $45.61, for a total transaction of $1,008,482.71. Following the completion of the sale, the chief executive officer now directly owns 179,391 shares in the company, valued at approximately $8,182,024. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Popeyes Louisiana Kitchen (NASDAQ:PLKI) traded down 2.46% during mid-day trading on Monday, hitting $44.40. The stock had a trading volume of 125,347 shares. Popeyes Louisiana Kitchen has a 1-year low of $33.00 and a 1-year high of $46.12. The stock’s 50-day moving average is $40.43 and its 200-day moving average is $40.13. The company has a market cap of $1.050 billion and a P/E ratio of 30.99.
Popeyes Louisiana Kitchen (NASDAQ:PLKI) last released its earnings data on Wednesday, May 28th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $70.10 million for the quarter, compared to the consensus estimate of $69.52 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis. Analysts expect that Popeyes Louisiana Kitchen will post $1.63 EPS for the current fiscal year.
Separately, analysts at Longbow Research initiated coverage on shares of Popeyes Louisiana Kitchen in a research note on Friday, April 25th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Popeyes Louisiana Kitchen has a consensus rating of “Buy” and a consensus price target of $44.50.
Popeyes Louisiana Kitchen Inc, formerly AFC Enterprises, Inc develops, operates, and franchises quick-service restaurants (NASDAQ:PLKI) under the trade names Popeyes Chicken & Biscuits and Popeyes Louisiana Kitchen (collectively Popeyes).
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