Tim Hortons’ parent company to buy Popeyes chain

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.69 per share according to consensus of 9 analysts.

Several investment firms issued their expert ratings on Popeyes Louisiana Kitchen, Inc. According to their predictions High & Low revenue estimates are 62.3 Million and 56.9 Million respectively. During the same period in the previous year, the company posted $0.47 EPS. “They are just generating so much free cash flow and not having to put any money to work to get that growth”. In the recent few years, it has come up with various food mashups such as onion ring-shaped chicken fries, Cheetos Chicken Fries, burgers with red and black buns and the Whopperito. “Unlike Tim Hortons, which was a larger company with significant overhead reduction opportunities, Popeyes’ general and administrative expenses appear to offer fewer areas for cost-cutting”. The most optimistic analyst sees the stock reaching $72 while the most conventional predicts the target price at $56. (NASDAQ:PLKI) now has a consensus Price Target of $65.22. Maxim Group Downgrades the stock to Hold on 8/17/16 with no specific Price Target. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/02/21/popeyes-louisiana-kitchen-inc-plki-downgraded-by-feltl-co-to-sell.html.

Popeyes Louisiana Kitchen, Inc. closed its last trading session at $66.12 with the gain of 19.07%.

3G Capital’s long-time partner, Warren Buffett’s Berkshire Hathaway Inc, committed $3 billion of preferred equity to finance that deal.

Digging a bit further, company shares have been noted 4.03% off the 52 week high and 60.44% away from the 52 week low. The stock is now moving above its 20-Day Simple Moving Average of 25.55% with the 50-Day Simple Moving Average of 25.55 percent. The firm past twelve months price to sales ratio was 6.14 and price to cash ratio remained 248.24.

He said that, in some cases of franchise acquisition, franchisees may find their profits diminishing as the parent company concentrates on its return on investment. The stock already was up 13% this year through Friday. (NASDAQ:PLKI) performance during the last one year Improved 30.85 percent, while its year to date (YTD) performance showed a Positive trend of 30.18 percent.