PLKI

Popeyes Louisiana Kitchen, Inc.

Consumer


Presented:09/12/2013
Price:$43.85
Cap:$1.05B
Current Price:$79.00
Cap:$1.64B

Presented

Date09/12/2013
Price$43.85
Market Cap$1.05B
Ent Value$1.10B
P/E Ratio37.19x
Book Value$2.84
Div YieldN/A
Shares O/S23.86M
Ave Daily Vol170,000
Short Int2.80%

Current

Price$79.00
Market Cap$1.64B
Popeyes Louisiana Kitchen, Inc. develops, operates, and franchises quick-service restaurants. The company operates in two segments, Franchise Operations and Company-Operated Restaurants. As of December 28, 2014, it operated and franchised 2,379 Popeyes Chicken & Biscuits and Popeyes Louisiana Kitchen restaurants in the United States, Puerto Rico, Guam, the Cayman Islands, and 26 countries internationally. The company was formerly known as AFC Enterprises, Inc. and changed its name to Popeyes Louisiana Kitchen, Inc. in January 2014. Popeyes Louisiana Kitchen, Inc. was founded in 1972 and is headquartered in Atlanta, Georgia.

Highlights

The presenter is bullish on shares of PLKI, and believes the five year-old rebranding and expansion plans are capable of generating substantial returns for shareholders. The Louisiana Kitchen concept varies from the original Popeyes in that the new menu includes more seafood (mostly shrimp) and Cajun-style spices, and the restaurants are slightly more upscale than the old Popeyes. To-date, the rebranding has been completed in just over 1/3 of the franchise locations, and management’s goal is to have 60% of the restaurants transitioned by the end of 2013, and 90% by 2015.

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Idea Discussion

Commentor 1 - 2 weeks ago

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