Share on StockTwits

Popeyes Louisiana Kitchen (NASDAQ:PLKI) posted its quarterly earnings results on Wednesday. The company reported $0.39 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.39, AnalystRatingsNetwork reports. 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. Popeyes Louisiana Kitchen updated its FY14 guidance to $1.58-1.63 EPS.

Popeyes Louisiana Kitchen (NASDAQ:PLKI) traded up 1.37% during mid-day trading on Wednesday, hitting $40.75. 187,677 shares of the company’s stock traded hands. Popeyes Louisiana Kitchen 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.

A number of research firms have recently commented on PLKI. 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Popeyes Louisiana Kitchen has an average rating of “Buy” and an average target price 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).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.