Burger King's owner buys Popeyes for $1.8B

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Granite Investment Partners LLC owned approximately 0.87% of Popeyes Louisiana Kitchen worth $9,884,000 at the end of the most recent reporting period.

Shares of Popeyes Louisiana Kitchen, Inc.

For the full year, the company posted earnings of $1.98 a share and revenue of $268.9 million.

Previously on 02/14/2017, Scotia Capital reported about Restaurant Brands Int'l (TSE:QSR) raised the target price from $52.00 to $62.00.

Tuesday brought a fresh set of all-time record highs for the stock market, pushing the Dow, S&P 500, and Nasdaq Composite to unprecedented heights.

Of course, this isn't the first time Restaurant Brands was supposedly interested in buying Popeye's Louisiana Kitchen. The third largest holder is Blackrock Fund Advisors, which now holds $105.09 million worth of this stock and that ownership represents almost 6.41% of its market capitalization. Wedbush lowered Popeyes Louisiana Kitchen from an "outperform" rating to a "neutral" rating in a research report on Tuesday.

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Zacks Research also compiles analyst ratings using a scale that ranges from 1 to 5. (NASDAQ:PLKI) has a market capitalization of 1.63 Billion.

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%.

Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) share price soared 19.07% or 12.61 points to reach at $78.73 during previous trading session. The company had revenue of $1111.40 million for the quarter, compared to analysts expectations of $1103.90 million. The Return on Investment (ROI) is at 27.9% while it's Return on Equity (ROE) value stands at 126.4%. This showed the surprise of 4.8% in the last quarter earnings.

The deal between Popeyes Louisiana Kitchen Inc and Restaurant Brands International Inc is expected to close in early April 2017.

A number of analysts recently weighed in on PLKI shares. Maxim Group Downgrades the stock to Hold on 8/17/16 with no specific Price Target. They noted that the move was a valuation call. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.56 average brokerage recommendation. SunTrust Robinson Humphrey Maintains the company's stock to Neutral on 5/27/16 by setting a price target of $58. "As Popeyes enters its 45th year, its success reflects the awesome brand entrusted to us by founder Al Copeland, Sr. and the unique high trust partnership that we enjoy with our franchise owners". The Company operates through two segments: franchise operations and company-operated restaurants.

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