Campbell & CO Investment Adviser LLC purchased a new stake in shares of El Pollo LoCo Holdings Inc (NASDAQ:LOCO) during the first quarter, HoldingsChannel reports. The institutional investor purchased 11,040 shares of the restaurant operator’s stock, valued at approximately $144,000.
Several other large investors have also made changes to their positions in LOCO. Global Financial Private Capital LLC purchased a new position in El Pollo LoCo during the 1st quarter worth $883,000. Swiss National Bank increased its holdings in El Pollo LoCo by 4.4% during the 1st quarter. Swiss National Bank now owns 42,750 shares of the restaurant operator’s stock worth $556,000 after purchasing an additional 1,800 shares during the period. Dimensional Fund Advisors LP increased its holdings in El Pollo LoCo by 10.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,240,537 shares of the restaurant operator’s stock worth $29,149,000 after purchasing an additional 204,526 shares during the period. Alambic Investment Management L.P. purchased a new position in El Pollo LoCo during the 1st quarter worth $141,000. Finally, Martingale Asset Management L P increased its holdings in El Pollo LoCo by 98.1% during the 1st quarter. Martingale Asset Management L P now owns 136,311 shares of the restaurant operator’s stock worth $1,774,000 after purchasing an additional 67,506 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.
LOCO has been the topic of several research reports. TheStreet downgraded El Pollo LoCo from a “b” rating to a “c” rating in a report on Friday, March 8th. BidaskClub downgraded El Pollo LoCo from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. ValuEngine upgraded El Pollo LoCo from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research downgraded El Pollo LoCo from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $16.25.
El Pollo LoCo (NASDAQ:LOCO) last announced its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). El Pollo LoCo had a negative net margin of 2.42% and a positive return on equity of 10.29%. The company had revenue of $108.98 million during the quarter, compared to analysts’ expectations of $109.42 million. During the same quarter in the prior year, the business posted $0.17 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts forecast that El Pollo LoCo Holdings Inc will post 0.71 EPS for the current year.
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About El Pollo LoCo
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 offers citrus-marinated, flame-grilled chicken, and handcrafted entrée products, including specialty chicken burritos, chicken quesadillas, and chicken tortilla soup, as well as under 500 calorie entrees, and Pollo Bowl and Pollo salad products.
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