El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.
According to Zacks, “El Pollo Loco Holdings, Inc., through its subsidiary, develops, franchises, licenses and operates quick-service restaurants under the name El Pollo Loco. The restaurants specializes in flame-grilled chicken in a variety of contemporary Mexican-influenced entrees, including specialty chicken burritos, chicken quesadillas, chicken tortilla soup, Pollo Bowls and Pollo Salads. El Pollo Loco Holdings, Inc. is headquartered in Costa Mesa, California. “
A number of other research analysts have also recently commented on the company. Robert W. Baird upped their target price on El Pollo Loco Holdings from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, June 9th. Jefferies Group LLC reissued a “buy” rating on shares of El Pollo Loco Holdings in a research note on Wednesday, July 19th. BidaskClub cut El Pollo Loco Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Morgan Stanley lowered their target price on El Pollo Loco Holdings from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $14.75.
El Pollo Loco Holdings (LOCO) opened at 11.80 on Friday. The firm has a 50-day moving average price of $11.78 and a 200-day moving average price of $12.68. El Pollo Loco Holdings has a 52 week low of $10.08 and a 52 week high of $14.85. The company has a market capitalization of $456.08 million, a price-to-earnings ratio of 25.65 and a beta of 0.33.
El Pollo Loco Holdings (NASDAQ:LOCO) last posted its earnings results on Thursday, August 3rd. The restaurant operator reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $105.60 million for the quarter, compared to the consensus estimate of $105.83 million. El Pollo Loco Holdings had a return on equity of 9.56% and a net margin of 4.66%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 earnings per share. Analysts anticipate that El Pollo Loco Holdings will post $0.67 EPS for the current fiscal year.
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A number of institutional investors have recently modified their holdings of LOCO. Dimensional Fund Advisors LP lifted its stake in El Pollo Loco Holdings by 95.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 427,955 shares of the restaurant operator’s stock valued at $5,114,000 after buying an additional 208,537 shares in the last quarter. Bank of Montreal Can lifted its stake in El Pollo Loco Holdings by 1,046.4% in the 2nd quarter. Bank of Montreal Can now owns 173,100 shares of the restaurant operator’s stock worth $2,398,000 after purchasing an additional 158,000 shares in the last quarter. Oxford Asset Management purchased a new position in El Pollo Loco Holdings in the 1st quarter worth approximately $1,547,000. Vanguard Group Inc. lifted its stake in El Pollo Loco Holdings by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 1,849,656 shares of the restaurant operator’s stock worth $22,104,000 after purchasing an additional 111,692 shares in the last quarter. Finally, OxFORD Asset Management LLP lifted its stake in El Pollo Loco Holdings by 84.7% in the 2nd quarter. OxFORD Asset Management LLP now owns 239,082 shares of the restaurant operator’s stock worth $3,311,000 after purchasing an additional 109,651 shares in the last quarter. 77.16% of the stock is currently owned by hedge funds and other institutional investors.
El Pollo Loco Holdings Company Profile
El Pollo Loco Holdings, Inc specializes in fire-grilling citrus-marinated chicken and operates in the limited service restaurant (LSR) segment. The Company’s menu features its signature product, citrus-marinated fire-grilled chicken, and a range of Mexican-inspired entrees that it creates from chicken.
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