Restaurant Brands International Inc Nears Acquisition Of Popeyes

Popeye's Chicken

They presently have a $58.00 price objective on the stock.

A number of other research analysts have also weighed in on the company. Popeyes' shareholders will receive $79 in cash per share at closing, the company said in a statement.

Current levels places Popeyes Louisiana Kitchen, Inc.

2/21/2017-Wedbush was Downgraded by analysts at Wedbush from a "Outperform " rating to a " Neutral" rating. Over the 52-week time span, the stock notched a high price of $78.85 and its minimum price was $49.11. Three investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. If the company has a ratings score of 1, this would represent a Strong Buy. The company's stock had a trading volume of 190,305 shares. The firm's stock has a market capitalization of $1.64 bln.

The stock price of firm is moving up from its 20 days moving average with 22.03% and remote isolated positively from 50 days moving average with 25.55%. If you are viewing this news story on another publication, it was stolen and reposted in violation of US and worldwide copyright and trademark law. (NASDAQ:PLKI) by some 1,338,305 shares, 98 decreased positions by 2,090,310 and 26 held positions by 16,890,086.

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Several hedge funds and other institutional investors have recently modified their holdings of PLKI. Popeyes Louisiana Kitchen's revenue for the quarter was up 4.7% on a year-over-year basis. According to their observations and findings, the stock could provide a high EPS of $0.63/share and a Low EPS of $0.45/share.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.69 per share according to consensus of 9 analysts. The company's revenue was up 5.1% compared to the same quarter previous year. BlackRock Fund Advisors increased its stake in shares of Popeyes Louisiana Kitchen by 6.0% in the third quarter. The fund owned 186,000 shares of the company's stock after selling 388 shares during the period.

Price Target is an important factor while doing analysis of a stock. The third largest holder is Blackrock Fund Advisors, which now holds $105.09 million worth of this stock and that ownership represents almost 6.41% of its market capitalization.

"Oxford Asset Management Reduces Stake in Popeyes Louisiana Kitchen, Inc". As Restaurant Brands CEO Daniel Schwartz said, "Popeyes is a powerful brand with a rich Louisiana heritage that resonates with guests around the world". More than 90% of the company-operated restaurants are concentrated in Louisiana and Tennessee.

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