Restaurant Brands (QSR - Get Report) had reportedly pursued a potential takeover of rival fast-food chain Popeyes Louisiana Kitchen (PLKI) months ago, but has since lost interest, the New York Post reports.

Yesterday Reuters reported that the Canada-based owner of Burger King and Tim Hortons was currently in discussions about a possible acquisition. 

Popeyes stock was down about 3.3% to $68.50 in pre-market trading on Tuesday after soaring on Monday. Restaurant Brands stock was down 0.56% to $53.50 in pre-market trading.

Restaurant Brands walked away from the discussions late last year in part because Popeyes shares surged after the company reported third-quarter results in November, the Post reports. 

Popeyes stock has risen another 17% so far this year. 

Restaurant Brands could pursue a transaction with another company altogether, with potential targets including pizza, Mexican and chicken restaurants, sources told the Post.