
Popeyes Louisiana Kitchen's ticker symbol is PLKI. This symbol is used to identify the company on stock exchanges.
Investing in Popeyes can be a smart move for those who enjoy their spicy fried chicken. The company has been growing rapidly in recent years, with sales increasing by 10% in 2020.
However, investing always comes with some level of risk. In 2019, Popeyes faced a chicken shortage due to a bird flu outbreak, which negatively impacted their sales.
Explore further: Popeyes Gravy
Popeyes Stock Information
Popeyes is a subsidiary of RBI Inc, which is a significant fact to know when it comes to its stock symbol.
The stock symbol for Popeyes is QSR, and it's listed on the New York Stock Exchange.
Consider reading: Does Popeyes Have Breakfast?
Popeyes Stock Symbol
Popeyes is a subsidiary of RBI Inc. Its stock symbol is QSR on the New York Stock Exchange.
Prior to being absorbed into the Restaurant Brands International family of companies, Popeyes Louisiana Kitchen stock traded under the stock symbol PLKI from 2008 to 2017.
The stock symbol PLKI is no longer on the New York Stock Exchange (NYSE) since it is no longer a publicly traded entity.
The current stock symbol QSR is used for Popeyes as it is part of the Restaurant Brands International family of companies listed on the NYSE.
Is Popeyes Stock a Good Buy?
Popeyes is on an upward swing, benefiting from declining sales at KFC and jumping on the Chick-fil-A chicken sandwich trend.
The company's popularity led to double-digit same-store sales growth during the 2020 coronavirus pandemic, a stark contrast to its sister brands BK and Tim Hortons, which slumped.
Warren Buffet divested his stake in Popeyes, while Bill Ackman increased his, giving investors two opposing views from experienced and successful investors.
Picking a side depends on your risk appetite and investment goals, as both opinions come from seasoned investors with a track record of success.
Investing in Popeyes
Popeyes is on an upward swing, benefiting from declining sales at KFC and jumping on the Chick-fil-A chicken sandwich trend.
Its popularity caused double-digit same-store sales growth during the 2020 coronavirus pandemic.
The company's sister brands, BK and Tim Hortons, slumped in comparison.
Warren Buffet divested his stake in the brand, while Bill Ackman increased his.
This gives two opposite opinions from experienced and successful investors, making it a nuanced decision for potential investors.
Company Updates
Popeyes is on an upward swing, benefiting from declining sales at KFC and jumping on the Chick-fil-A chicken sandwich trend.
Its popularity caused double-digit same-store sales growth during the 2020 coronavirus pandemic, a remarkable feat considering its sister brands BK and Tim Hortons slumped.
Warren Buffet divested his stake in the brand, while Bill Ackman increased his, giving two opposite opinions from experienced and successful investors.
Popeyes' ability to thrive during a pandemic is a testament to its strong brand and loyal customer base.
Investors like Warren Buffet and Bill Ackman have taken notice of Popeyes' success, with Buffet selling his stake and Ackman buying more.
Frequently Asked Questions
What happened to Popeyes stock?
Popeyes stock stopped trading after its acquisition by Restaurant Brands International in a $1.8 billion deal. Shareholders received $79 per share in cash as part of the transaction.
Which company owns Popeyes?
Popeyes is owned by Restaurant Brands International Inc., a multinational fast-food company. This parent company also operates Burger King and Tim Hortons.
What is the stock code for Popeyes?
The stock code for Popeyes is PLKI. This code is used to trade shares of the company on the stock market.
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