Burger King and Tim Hortons owner to buy Popeyes for $1.8 bln

Popeyes

Reuters reports that chicken accounts for about 10 percent of the fast-food industry, according to data service IBISWorld, and Popeyes' market share is growing. Hosking Partners LLP now owns 74,220 shares of the company's stock worth $3,944,000 after buying an additional 8,744 shares during the period.

Sidoti Downgrade its coverage for Popeyes Louisiana Kitchen, Inc. The research firm Downgrade the stock to Neutral. For the week, the stock is performing 11.17%. The company reached a 52-week low at 49.11 on May 26, 2016. While the stock price moved along with the volume change, shares are touching $78.99. The next year's growth is calculated to be 16.1 percent. (NASDAQ:PLKI)'s stock to Hold with no specific Price Target. The company's revenue was up 5.1% on a year-over-year basis.

An important factor to consider when evaluating a stock's current and future value are the 52 week price high and low levels.

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The company posted EPS of $0.42 for the same quarter a year ago. Wedbush restated an "outperform" rating and set a $72.00 target price on shares of Popeyes Louisiana Kitchen in a research note on Saturday. The company now has a consensus rating of "Hold" and an average target price of $61.50. Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI)'s distance from 20 day simple moving average is 22.03% whereas its distance from 50 day simple moving average is 25.55% along with 37.37% distance from 200 day simple moving average. At the time, this indicated a possible downside of -0.13%. Vanguard Group Inc. increased its stake in shares of Popeyes Louisiana Kitchen by 0.8% in the second quarter.

The average Popeyes location has $1.4 million in annual revenue, Schwartz said. Here, 1 indicates a Strong Buy and 5 indicates a Strong Sell. Likewise, the positive performance for the quarter was recorded as 30.85% and for the year was 30.85%, while the YTD performance remained at 30.18%. The stock is showing its Operating Margin of 27.4 percent. Gross Margin percentage stands at 0% while its Operating Margin for trailing twelve month is 0 percent and Profit margin (ttm) is 0 Percent. (NASDAQ:PLKI) where 0 analyst have rated the stock as Strong Buy, 0 analysts said it's a Buy, 0 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. The short ratio in the company's stock is documented at 4.82 and the short float is around of 4.48%. In terms of volatility, it has a beta coefficient of 0.12 and technical analysis volatility indicator called Average True Range or ATR around 2.68.

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