El Pollo Loco Holdings, Inc. (NASDAQ:LOCO – Get Free Report) major shareholder Sardar Biglari sold 22,600 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $16.91, for a total transaction of $382,166.00. Following the completion of the transaction, the insider owned 3,777,400 shares of the company’s stock, valued at $63,875,834. This represents a 0.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Sardar Biglari also recently made the following trade(s):
- On Monday, June 29th, Sardar Biglari sold 100,000 shares of El Pollo Loco stock. The shares were sold at an average price of $16.58, for a total value of $1,658,000.00.
- On Friday, June 26th, Sardar Biglari sold 100,000 shares of El Pollo Loco stock. The shares were sold at an average price of $16.75, for a total value of $1,675,000.00.
El Pollo Loco Stock Up 2.6%
Shares of NASDAQ LOCO opened at $16.96 on Wednesday. The business has a 50-day moving average price of $14.48 and a 200 day moving average price of $12.69. The stock has a market cap of $516.43 million, a PE ratio of 17.31 and a beta of 0.81. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 0.15. El Pollo Loco Holdings, Inc. has a 52-week low of $8.98 and a 52-week high of $17.00.
El Pollo Loco declared that its Board of Directors has initiated a share repurchase program on Thursday, May 28th that allows the company to buyback $40.00 million in outstanding shares. This buyback authorization allows the restaurant operator to purchase up to 9.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Analysts Set New Price Targets
LOCO has been the subject of a number of recent research reports. Benchmark increased their price target on shares of El Pollo Loco from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Wall Street Zen upgraded shares of El Pollo Loco from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. William Blair reaffirmed a “market perform” rating on shares of El Pollo Loco in a report on Friday, March 13th. DA Davidson increased their target price on shares of El Pollo Loco from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Truist Financial raised their price target on El Pollo Loco from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, El Pollo Loco has an average rating of “Hold” and an average price target of $14.88.
View Our Latest Stock Analysis on El Pollo Loco
Institutional Investors Weigh In On El Pollo Loco
Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its position in El Pollo Loco by 4.8% during the 1st quarter. AQR Capital Management LLC now owns 287,143 shares of the restaurant operator’s stock worth $2,958,000 after purchasing an additional 13,095 shares during the period. Millennium Management LLC boosted its stake in shares of El Pollo Loco by 197.4% in the first quarter. Millennium Management LLC now owns 680,391 shares of the restaurant operator’s stock valued at $7,008,000 after buying an additional 451,575 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of El Pollo Loco by 7.4% in the first quarter. Empowered Funds LLC now owns 188,519 shares of the restaurant operator’s stock valued at $1,942,000 after buying an additional 12,964 shares in the last quarter. Jane Street Group LLC acquired a new position in El Pollo Loco during the first quarter worth $221,000. Finally, Creative Planning acquired a new position in El Pollo Loco during the second quarter worth $240,000. Hedge funds and other institutional investors own 81.28% of the company’s stock.
El Pollo Loco Company Profile
El Pollo Loco (NASDAQ: LOCO) is a fast-casual restaurant chain specializing in Mexican-style fire-grilled chicken and complementary menu offerings. The company’s signature product is its marinated, flame-grilled chicken, which is prepared in an open-flame rotisserie and served in a variety of formats including tacos, burritos, bowls and salads. In addition to its core chicken offerings, El Pollo Loco menu items feature fresh-made salsas, guacamole, sides such as charro beans and fresh tortillas, as well as a selection of beverages and desserts.
Founded in 1975 in Guasave, Sinaloa, Mexico, by Juan Francisco Ochoa, the concept expanded into the United States in 1980 with its first U.S.
See Also
- Five stocks we like better than El Pollo Loco
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
Receive News & Ratings for El Pollo Loco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for El Pollo Loco and related companies with MarketBeat.com's FREE daily email newsletter.
