Zacks Investment Research upgraded shares of El Pollo LoCo (NASDAQ:LOCO) from a sell rating to a hold rating in a research note issued to investors on Thursday morning.
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. “
Several other equities research analysts have also recently issued reports on LOCO. Robert W. Baird decreased their target price on shares of El Pollo LoCo from $15.00 to $12.00 and set a neutral rating on the stock in a research report on Friday, November 3rd. SunTrust Banks reissued a hold rating and issued a $12.00 target price on shares of El Pollo LoCo in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of Hold and an average price target of $13.00.
El Pollo LoCo (LOCO) remained flat at $$10.80 on Thursday. The company had a trading volume of 434,600 shares, compared to its average volume of 469,433. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.35 and a quick ratio of 0.31. El Pollo LoCo has a 12 month low of $9.55 and a 12 month high of $14.85. The firm has a market capitalization of $417.45, a price-to-earnings ratio of 49.09, a PEG ratio of 1.09 and a beta of 0.30.
El Pollo LoCo (NASDAQ:LOCO) last released its earnings results on Thursday, November 2nd. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). El Pollo LoCo had a return on equity of 9.14% and a net margin of 2.27%. The company had revenue of $101.16 million during the quarter, compared to analyst estimates of $103.71 million. During the same period in the prior year, the business posted $0.18 earnings per share. El Pollo LoCo’s revenue was up 5.6% on a year-over-year basis. sell-side analysts anticipate that El Pollo LoCo will post 0.62 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the business. Royce & Associates LP acquired a new position in El Pollo LoCo during the third quarter valued at approximately $7,008,000. OxFORD Asset Management LLP lifted its position in El Pollo LoCo by 22.5% during the third quarter. OxFORD Asset Management LLP now owns 292,812 shares of the restaurant operator’s stock valued at $3,543,000 after buying an additional 53,730 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in El Pollo LoCo by 33.5% during the third quarter. Dimensional Fund Advisors LP now owns 702,559 shares of the restaurant operator’s stock valued at $8,536,000 after buying an additional 176,213 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in El Pollo LoCo by 28.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 89,539 shares of the restaurant operator’s stock valued at $1,088,000 after buying an additional 19,721 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in El Pollo LoCo by 54.4% during the third quarter. Wells Fargo & Company MN now owns 28,684 shares of the restaurant operator’s stock valued at $350,000 after buying an additional 10,102 shares in the last quarter. 78.11% of the stock is currently owned by hedge funds and other institutional investors.
About El Pollo LoCo
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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