PLKI

Popeyes Louisiana Kitchen, Inc.

Consumer


Presented:08/07/2014
Price:$40.37
Cap:$0.96B
Current Price:$79.00
Cap:$1.64B

Presented

Date08/07/2014
Price$40.37
Market Cap$0.96B
Ent Value$1.01B
P/E Ratio38.04x
Book Value$2.84
Div YieldN/A
Shares O/S23.65M
Ave Daily Vol190,000
Short Int2.58%

Current

Price$79.00
Market Cap$1.64B
Popeyes Louisiana Kitchen, Inc. develops, operates, and franchises quick-service restaurants. The company operates in two business segments, Franchise Operations and Company-Operated Restaurants. As of December 29, 2013, it operated and franchised 2,225 Popeyes restaurants under the trade names Popeyes Chicken & Biscuits and Popeyes Louisiana Kitchen in 47 states, the District of Columbia, 3 territories, and 28 foreign countries. 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.

​Publicly traded companies mentioned herein: Domino's Pizza, Inc. (DPZ), Dunkin' Brands Group, Inc. (DNKN), Popeyes Louisiana Kitchen Inc (PLKI), Yum! Brands, Inc. (YUM)

Highlights

Formerly known as AFC Enterprises, Popeyes Louisiana Kitchen (PLKI) has successfully rebranded itself and the message is resonating with US consumers. The presenter is long the stock, and explained how shedding the old AFCE assets (Churches, Cinnabon, Seattle’s Best) and focusing on the restructuring and rebranding of Popeyes has worked. CEO Cheryl Bachelder, formerly President and Chief Concept Officer at KFC, has done a great job to-date and there appears to be a long runway for growth in both North America and abroad.

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Idea Discussion

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