Published: Thu, February 23, 2017
Finance | By Laverne Griffith

Tim Hortons and Burger King Planning to Buy Popeye's

Tim Hortons and Burger King Planning to Buy Popeye's

The offer from Arby's, which is backed by Roark Capital Group, would have been structured as a reverse takeover, the people said, asking not be identified as the details of the bid aren't public. The Relative Volume value measured for Popeyes Louisiana Kitchen, Inc. The insider now directly owns 149,654 shares worth $11,782,259.

"Popeyes is growing at a similar pace today as Burger King was in 2010", said Josh Kobza, RBI's chief financial officer.

As Restaurant Brands adds Popeyes to its restaurant business, Peter Costa, president at Empire Executions joins BNN to discuss why this move will likely light a fire under more companies to buy up brands in the sector. That's why the news that Popeyes is being acquired by Restaurant brands worldwide should be an exciting piece of news that encourages you to look towards the future, to April, when the deal will be done (RBI has only now announced its acquisition) and the gospel of Popeyes can be spread throughout the land, bringing fried chicken, red beans, rice, and whatever magic they put into their potatoes to people who have never experienced this flavor sensation (please note: most of my happiest Popeyes memories include me being unforgivably drunk, so I may be biased) before. The narrow spread implies traders see little risk of that transaction falling apart.

A spokesperson for Popeyes declined to comment. The stock is now moving above its 20-Day Simple Moving Average of 16.37% with the 50-Day Simple Moving Average of 16.37 percent. At the time, this indicated a possible downside of -0.13%. Analyst forecasts, earnings estimates and price target projections are issued to help their clients make money through stock investments. (NASDAQ:PLKI) is now showing its ROA (Return on Assets) of 16.5%.

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United Parcel Service, Inc. The company's revenue was up 5.1% on a year-over-year basis.

"We will adjust to increased costs just like we have before", she said. UPS is grappling with lower margins for e-commerce, which have dented earnings. "The franchisees will take on more of that investment". Drones could be one way to reduce those costs. The Company Touched its 52-Week High on Feb 21, 2017 and 52-Week Low on Feb 24, 2016. (NASDAQ:PLKI) reported its Actual EPS of $0.59/share.

The company's growth for the past 5 years has been at 15.75 percent.

Popeyes' average unit economics also made it appealing to Restaurant Brands: in 2015, Popeyes stores did an average of $1.37 million in sales per unit, up from $1.29 million in the prior year.

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