Jefferies Downgrades Popeyes Louisiana Kitchen to Hold

By Austin Angelo

In a report released today, Alexander Slagle from Jefferies downgraded Popeyes Louisiana Kitchen (NASDAQ: PLKI) to Hold. The company’s shares closed yesterday at $60.57.

According to TipRanks.com, Slagle is a 4-star analyst with an average return of 10.7% and a 60.0% success rate. Slagle covers the Services sector, focusing on stocks such as Buffalo Wild Wings, Papa John’s Intl., and Red Robin Gourmet.

Popeyes Louisiana Kitchen has an analyst consensus of Hold.

Based on Popeyes Louisiana Kitchen’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $64 million and quarterly net profit of $10.4 million. In comparison, last year the company earned revenue of $61.1 million and had a net profit of $10.6 million.

Popeyes Louisiana Kitchen, Inc. develops, manages, and franchises quick-service restaurants. It operates through the Franchise Operations and Company-Operated Restaurants. The Franchise Operations segment includes royalty payments and franchisee sales. The Company-Operated Restaurants manages food chains under the Popeyes Louisiana Kitchen and Popeyes Chicken and Biscuits trademarks. The company was founded by Alvin C. Copeland Sr. in 1992 and is headquartered in Atlanta, GA.