Brokerages Set El Pollo LoCo Holdings Inc (LOCO) Price Target at $13.00

Shares of El Pollo LoCo Holdings Inc (NASDAQ:LOCO) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $13.00.

LOCO has been the subject of several analyst reports. TheStreet raised shares of El Pollo LoCo from a “c” rating to a “b-” rating in a report on Friday, August 3rd. Guggenheim upped their price objective on shares of El Pollo LoCo from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, October 3rd. Zacks Investment Research raised shares of El Pollo LoCo from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Tuesday, July 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $14.00 price objective on shares of El Pollo LoCo in a report on Friday, July 13th. Finally, BidaskClub raised shares of El Pollo LoCo from a “hold” rating to a “buy” rating in a report on Saturday, August 18th.

A number of hedge funds have recently bought and sold shares of LOCO. BlackRock Inc. raised its position in El Pollo LoCo by 5.8% in the second quarter. BlackRock Inc. now owns 3,247,496 shares of the restaurant operator’s stock worth $37,023,000 after acquiring an additional 179,321 shares in the last quarter. Dimensional Fund Advisors LP raised its position in El Pollo LoCo by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,709,494 shares of the restaurant operator’s stock worth $19,488,000 after acquiring an additional 321,168 shares in the last quarter. Royce & Associates LP raised its position in El Pollo LoCo by 63.7% in the second quarter. Royce & Associates LP now owns 751,958 shares of the restaurant operator’s stock worth $8,572,000 after acquiring an additional 292,700 shares in the last quarter. Personal Capital Advisors Corp raised its position in El Pollo LoCo by 9.5% in the third quarter. Personal Capital Advisors Corp now owns 360,400 shares of the restaurant operator’s stock worth $4,523,000 after acquiring an additional 31,202 shares in the last quarter. Finally, Northern Trust Corp raised its position in El Pollo LoCo by 9.5% in the second quarter. Northern Trust Corp now owns 245,999 shares of the restaurant operator’s stock worth $2,804,000 after acquiring an additional 21,315 shares in the last quarter. 84.43% of the stock is owned by institutional investors and hedge funds.

LOCO stock opened at $12.48 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.51 and a quick ratio of 0.47. El Pollo LoCo has a 1-year low of $9.05 and a 1-year high of $14.40. The firm has a market cap of $484.54 million, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.18 and a beta of 0.36.

El Pollo LoCo (NASDAQ:LOCO) last announced its quarterly earnings results on Thursday, August 2nd. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. El Pollo LoCo had a net margin of 0.85% and a return on equity of 9.33%. The company had revenue of $111.60 million during the quarter, compared to the consensus estimate of $111.70 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts predict that El Pollo LoCo will post 0.71 earnings per share for the current fiscal year.

El Pollo LoCo Company Profile

El Pollo Loco Holdings, Inc, through its subsidiary El Pollo Loco, Inc, develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name. The company specializes in offering flame-grilled chicken. As of August 20, 2018, it had approximately 480 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, Utah, and Louisiana.

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Analyst Recommendations for El Pollo LoCo (NASDAQ:LOCO)

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