Zacks Investment Research upgraded shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) from a sell rating to a buy rating in a research report report published on Wednesday. Zacks Investment Research currently has $14.00 price target on the restaurant operator’s stock.
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 brokerages also recently issued reports on LOCO. Jefferies Group LLC reissued a buy rating and issued a $15.00 price target on shares of El Pollo Loco Holdings in a report on Tuesday, August 22nd. BidaskClub downgraded El Pollo Loco Holdings from a sell rating to a strong sell rating in a report on Tuesday, August 8th. Robert W. Baird boosted their price target on El Pollo Loco Holdings from $14.00 to $15.00 and gave the company a neutral rating in a report on Friday, June 9th. Finally, Morgan Stanley decreased their price target 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. El Pollo Loco Holdings has a consensus rating of Hold and an average price target of $14.25.
El Pollo Loco Holdings (NASDAQ LOCO) traded up 0.40% during midday trading on Wednesday, reaching $12.40. 158,276 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $11.69 and its 200 day moving average is $12.72. El Pollo Loco Holdings has a 52 week low of $10.08 and a 52 week high of $14.85. The firm has a market capitalization of $479.27 million, a price-to-earnings ratio of 26.96 and a beta of 0.36.
El Pollo Loco Holdings (NASDAQ:LOCO) last announced its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. El Pollo Loco Holdings had a return on equity of 9.56% and a net margin of 4.66%. The company had revenue of $105.60 million during the quarter, compared to the consensus estimate of $105.83 million. During the same period in the previous year, the company posted $0.19 earnings per share. El Pollo Loco Holdings’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts anticipate that El Pollo Loco Holdings will post $0.67 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the company. Garner Asset Management Corp acquired a new position in shares of El Pollo Loco Holdings during the 2nd quarter worth approximately $145,000. Arizona State Retirement System raised its stake in shares of El Pollo Loco Holdings by 0.9% during the 1st quarter. Arizona State Retirement System now owns 11,200 shares of the restaurant operator’s stock worth $134,000 after buying an additional 100 shares during the period. Virtu KCG Holdings LLC acquired a new position in shares of El Pollo Loco Holdings during the 2nd quarter worth approximately $157,000. Thrivent Financial For Lutherans raised its stake in shares of El Pollo Loco Holdings by 4.3% during the 1st quarter. Thrivent Financial For Lutherans now owns 12,150 shares of the restaurant operator’s stock worth $145,000 after buying an additional 500 shares during the period. Finally, Hartford Investment Management Co. acquired a new position in shares of El Pollo Loco Holdings during the 2nd quarter worth approximately $187,000. 77.16% of the stock is owned by institutional investors and hedge funds.
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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