Eagle Boston Investment Management Inc buys $11,198,229 stake in Popeyes Louisiana Kitchen Inc (PLKI)

Popeyes Louisiana Kitchen Inc (PLKI) : Eagle Boston Investment Management Inc scooped up 1,533 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 Oct 12, 2016. The investment management firm now holds a total of 218,204 shares of Popeyes Louisiana Kitchen Inc which is valued at $11,198,229.Popeyes Louisiana Kitchen Inc makes up approximately 1.46% of Eagle Boston Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Eagle Asset Management Inc reduced its stake in PLKI by selling 110,263 shares or 30.28% in the most recent quarter. The Hedge Fund company now holds 253,897 shares of PLKI which is valued at $13,029,994. Popeyes Louisiana Kitchen Inc makes up approx 0.09% of Eagle Asset Management Inc’s portfolio.Cutler Group Lp reduced its stake in PLKI by selling 1,477 shares or 45.53% in the most recent quarter. The Hedge Fund company now holds 1,767 shares of PLKI which is valued at $91,372. Popeyes Louisiana Kitchen Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.First Mercantile Trust Co reduced its stake in PLKI by selling 210 shares or 8.57% in the most recent quarter. The Hedge Fund company now holds 2,240 shares of PLKI which is valued at $115,942. Popeyes Louisiana Kitchen Inc makes up approx 0.02% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in PLKI by selling 3,548 shares or 50.74% in the most recent quarter. The Hedge Fund company now holds 3,445 shares of PLKI which is valued at $181,862.

Popeyes Louisiana Kitchen Inc closed down -0.39 points or -0.75% at $51.32 with 2,43,701 shares getting traded on Tuesday. Post opening the session at $51.71, the shares hit an intraday low of $50.77 and an intraday high of $51.71 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Popeyes Louisiana Kitchen Inc reported $0.47 EPS for the quarter, based on the information available during the earnings call on Aug 16, 2016. Analyst had a consensus estimate of $0.47. The company had revenue of $61.70 million for the quarter, compared to analysts expectations of $63.50 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on Popeyes Louisiana Kitchen Inc.

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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