Burger King parent company to buy Popeyes

This Company belongs to Retail-Wholesale sector.

Moving toward the volatility measures, the price volatility of stock was 1.73% for a week and 2.38% for a month as well as price volatility’s Average True Range for 14 days was 2.68. 8 have given the stock a Hold rating, 0 as Underperform and 0 as Sell. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.15.

The stock price of firm is moving up from its 20 days moving average with 22.03% and remote isolated positively from 50 days moving average with 25.55%. It has negotiated to acquire Popeyes Louisiana Kitchen Inc. The company’s market cap is $1.63 Billion.

Several analysts have released their opinion on Popeyes Louisiana Kitchen, Inc. The stock stands almost 3.95% off versus the 52-week high and 60.31% away from the 52-week low.

In the past 6 months, 0 Insider purchases and 1 Insider Sales were made in which 9850 shares were exchanged as Insider Sales.

According to sentiments of 10 analysts the company is expected to report revenues of $59.91M for the current quarter. Hence, the surprise factor was 0 percent. Bank of New York Mellon Corp boosted its stake in Popeyes Louisiana Kitchen by 0.3% in the third quarter. (NASDAQ:PLKI) shares. This target consists of 9 research analysts polled by Zacks Research.

In a conference call, Restaurant Brands CEO Daniel Schwartz explained: “The key to long-term success at Popeyes will be a focus on guest satisfaction and franchise profitability”. Bearish revenue estimates established at $56.9M while the bullish revenue forecast has been figured out at $62.3M. Revenues totaled $4,145.8 million, up from $4,052.2 million. Avenir Corp now owns 990,633 shares of the company’s stock valued at $59,913,000 after buying an additional 3,369 shares in the last quarter.

In the transaction dated December 21, 2015, the great number of shares disposed came courtesy the CEO; BACHELDER CHERYL A disposed a total of 25,639 shares at an average price of $56.67, amounting to approximately $1,452,962. (NASDAQ:PLKI) topped its 52-week high price target of 78.86 on Feb 21, 2017.

RBI is paying $79.00 per share for Popeyes, a 19.5% premium to the stock’s Friday close. PLKI has P/E (Price to Earnings ttm) value of 40.27, Forward P/E of 32.1, P/C (Price to cash per share) of 248.24 and Price to Free Cash Flow (P/FCF) value of 29.31. Most recently, the company reported EPS of $0.59. Net profit margin of the company was recorded at 16.2 percent, operating profit margin was 27.4 percent, whereas gross profit margin stands at 66.7 percent. “We still believe Dairy Queen screens favourable as a portfolio company for RBI as we outlined in our initiation”.