Popeyes Louisiana Kitchen, Inc. (PLKI): Richard Lynch , Chief Global Brand Officer of Popeyes Louisiana Kitchen, Inc. sold 8,300 shares on Apr 14, 2016. The Insider selling transaction was reported by the company on Apr 18, 2016 to the Securities and Exchange Commission. The shares were sold at $52.78 per share for a total value of $438,095.59 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 3, 2016, Harold M Cohen (General Counsel) sold 5,500 shares at $55.10 per share price.On Dec 22, 2015, Cheryl A Bachelder (CEO) sold 25,639 shares at $56.70 per share price.Also, On Dec 3, 2015, Lizanne Thomas (director) purchased 200 shares at $58.22 per share price.On Jun 29, 2015, Andrew G Skehan (COO, International) sold 10,078 shares at $59.90 per share price.
Popeyes Louisiana Kitchen Inc: On Friday, Apr 15, 2016 heightened volatility was witnessed in Popeyes Louisiana Kitchen Inc which led to swings in the share price. The shares opened for trading at $52.47 and hit $54.01 on the upside , eventually ending the session at $53.93, with a gain of 2.24% or 1.18 points. The heightened volatility saw the trading volume jump to 1,59,357 shares. The 52-week high of the share price is $63 and the company has a market cap of $1,211 M . The 52-week low of the share price is at $49.99.
Company has been under the radar of several Street Analysts.Popeyes Louisiana Kitchen Inc is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 66 from a previous price target of $68 . The Rating was issued on Feb 25, 2016.
Currently the company Insiders own 2.7% of Popeyes Louisiana Kitchen Inc shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -33.91%.Institutional Investors own 94.13% of Popeyes Louisiana Kitchen Inc shares.During last six month period, the net percent change held by insiders has seen a change of -33.91%.
Popeyes Louisiana Kitchen Inc. (Popeyes) develops operates and franchises quick-service restaurants (QSRs or restaurants) under the trade names Popeyes Chicken & Biscuits and Popeyes Louisiana Kitchen. The Company operates through two segments: franchise operations and company-operated restaurants. Within the QSR industry Popeyes offers Louisiana style menu that features spicy chicken chicken tenders fried shrimp and other seafood red beans and rice and other regional items. The Company has approximately 340 franchisees operating restaurants within the Popeyes system. Its domestic franchisee operates approximately 132 restaurants and its international franchisee operates approximately 109 restaurants. The Company operates and franchises approximately 2379 Popeyes restaurants in 48 states the District of Columbia three territories and 26 foreign countries.