Popeyes’ shareholders will receive $79 in cash per share at closing, the company said in a statement. Popeyes Louisiana Kitchen, Inc. has a one year low of $49.11 and a one year high of $63.90. On the 7th day After Earnings Report, the stock hit its share price as $59.82 by showing 7.26% increase from the Stock price Before Earnings were reported.
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Popeyes has been renovating stores and recently started a program to address service problems at its restaurants.
Warren Buffett’s Berkshire Hathaway Inc was brought in by 3G to provide financing for the deal and still holds a stake in Restaurant Brands. (NASDAQ:PLKI). At the time of writing, the First Call consensus price target for the company is $65.22.
PLKI stock was up 19% and QSR stock was up 6% as of Tuesday morning. The Short Ratio for the stock is 4.82. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of 22.03%. This Retail-Wholesale Sector stock now has the Market Capitalization of 1.64 Billion. “(PLKI) Downgraded by Feltl & Co.to Sell” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another domain, it was illegally copied and reposted in violation of global copyright & trademark law.
On Sep 16 Popeyes Louisiana Kitchen, Inc. The fund owned 186,000 shares of the company’s stock after selling 388 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Popeyes Louisiana Kitchen by 18.3% in the third quarter. And my dream right now is that this move means a Popeyes is opening in my neighborhood (so that I can safely walk home after drunkenly purchasing my red beans and rice and forgetting all my change on the counter).
The chain’s same-store sales gained 1.8% in the third quarter as most US restaurants endured a slump. “The key to long-term success at Popeyes will be a focus on guest satisfaction and franchise profitability”, he added. Municipal Employees Retirement System of MI boosted its stake in Popeyes Louisiana Kitchen by 1.7% in the third quarter. The Average Volume for the stock is measured as 184.76 Million.
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Shares of Popeyes Louisiana Kitchen, Inc. Yet of more importance have been Community Health’s efforts at a long-term strategic turnaround, and investors remain impressed at the pace of the company’s progress. Restaurant Brands (rtbrf), with $24 billion in system-wide sales and over 20,000 restaurants, will add 2,688 Popeyes (plki) restaurants to the company’s portfolio with the deal.
