Popeyes Moved To 3.5-Star Stock By Vetr Crowd
Shares of Popeyes Louisiana Kitchen Inc (NASDAQ: PLKI) have been pretty flat over the past six months, and up 2.4 percent since the beginning of the year.
The stock still managed to outperform peers like Yum! Brands, Inc. (NYSE: YUM) and El Pollo LoCo Holdings Inc (NASDAQ: LOCO).
The Vetr crowd upgraded the stock's rating from three stars to 3.5 stars.
On Wednesday, the Vetr crowd upgraded Popeyes, although only 60 percent of the crowd's ratings being bullish. It should be noted that the site's algorithm considers several factors on top of Buy, Hold or Sell ratings to award stars.
Related Link: Vetr Crowd Overwhelmingly Bullish On Toyota
In addition to the 3.5 star Buy rating, the Vetr crowd has issued a $60 price target, which implies an upside potential of almost 5 percent. Wall Street is considerably more optimistic, and boasts an average price target of $65.
How Strong Is Popeyes?
A few major Wall Street research firms have weighed in on Popeyes' strength recently. On Tuesday, analysts at Maxim Group issued a Buy rating and $68 price target on the stock.
About a month ago, Longbow Research downgraded shares from Buy to Neutral after checks suggested that system-wide same-store sales growth in the US has been below the estimate and the consensus during 3Q15.
A few days ago, Jim Cramer said on that he liked Popeyes' latest results and its CEO, and thus recommended viewers holding their long positions at the company.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Latest Ratings for PLKI
Nov 2015 | Longbow Research | Downgrades | Buy | Neutral |
Oct 2015 | SunTrust Robinson Humphrey | Initiates Coverage on | Neutral | |
Feb 2015 | Jefferies | Maintains | Hold |
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