Rs Investment Management Co buys $60,318,105 stake in Popeyes Louisiana Kitchen Inc (PLKI)

Popeyes Louisiana Kitchen Inc (PLKI) : Rs Investment Management Co scooped up 178,130 additional shares in Popeyes Louisiana Kitchen Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 1,054,328 shares of Popeyes Louisiana Kitchen Inc which is valued at $60,318,105.Popeyes Louisiana Kitchen Inc makes up approximately 0.59% of Rs Investment Management Co’s portfolio.

Other Hedge Funds, Including , Skylands Capital reduced its stake in PLKI by selling 5,100 shares or 4.59% in the most recent quarter. The Hedge Fund company now holds 106,021 shares of PLKI which is valued at $6,065,461. Popeyes Louisiana Kitchen Inc makes up approx 0.94% of Skylands Capital’s portfolio.Msi Financial Services Inc reduced its stake in PLKI by selling 2 shares or 40.0% in the most recent quarter. The Hedge Fund company now holds 3 shares of PLKI which is valued at $172.Ls Investment Advisors boosted its stake in PLKI in the latest quarter, The investment management firm added 38 additional shares and now holds a total of 850 shares of Popeyes Louisiana Kitchen Inc which is valued at $50,133. Simplex Trading sold out all of its stake in PLKI during the most recent quarter. The investment firm sold 951 shares of PLKI which is valued $54,559.Bnp Paribas Arbitrage Sa boosted its stake in PLKI in the latest quarter, The investment management firm added 3,339 additional shares and now holds a total of 6,993 shares of Popeyes Louisiana Kitchen Inc which is valued at $383,426.

Popeyes Louisiana Kitchen Inc closed down -0.09 points or -0.16% at $57.28 with 1,09,999 shares getting traded on Friday. Post opening the session at $57.19, the shares hit an intraday low of $56.71 and an intraday high of $57.82 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Popeyes Louisiana Kitchen Inc reported $0.58 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on May 25, 2016. Analyst had a consensus of $0.64. The company had revenue of $82.20 million for the quarter, compared to analysts expectations of $84.90 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Many Wall Street Analysts have commented on Popeyes Louisiana Kitchen Inc. Shares were Reiterated by Maxim Group on May 26, 2016 to “Buy” and Lowered the Price Target to $ 60 from a previous price target of $64 .

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.

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