Popeyes Louisiana Kitchen Inc (PLKI) Releases FY14 Earnings Guidance
Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.58-1.63 for the period, compared to the Thomson Reuters consensus estimate of $1.63, American Banking News.com reports.
Shares of Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) traded up 1.37% during mid-day trading on Wednesday, hitting $40.75. The stock had a trading volume of 187,377 shares. Popeyes Louisiana Kitchen Inc has a 52-week low of $35.74 and a 52-week high of $46.12. The stock has a 50-day moving average of $40.95 and a 200-day moving average of $40.74. The company has a market cap of $963.7 million and a price-to-earnings ratio of 27.37.
Popeyes Louisiana Kitchen (NASDAQ:PLKI) last released its earnings data on Wednesday, August 20th. The company reported $0.39 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.39. The company had revenue of $53.70 million for the quarter, compared to the consensus estimate of $54.80 million. Popeyes Louisiana Kitchen’s revenue was up 12.1% compared to the same quarter last year. Analysts expect that Popeyes Louisiana Kitchen Inc will post $1.63 EPS for the current fiscal year.
PLKI has been the subject of a number of recent research reports. Analysts at Piper Jaffray reiterated an overweight rating on shares of Popeyes Louisiana Kitchen in a research note on Monday, August 4th. They now have a $50.00 price target on the stock, up previously from $47.00. Analysts at Wedbush raised their price target on shares of Popeyes Louisiana Kitchen from $48.00 to $50.00 in a research note on Monday, June 30th. They now have an outperform rating on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $46.25.
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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