El Pollo Loco Holdings Inc. (NASDAQ:LOCO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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 equities analysts have also recently weighed in on the company. Wells Fargo & Co. restated a “market perform” rating on shares of El Pollo Loco Holdings in a report on Friday, November 4th. William Blair cut El Pollo Loco Holdings from an “outperform” rating to a “market perform” rating in a research note on Friday, November 4th. Jefferies Group reiterated a “buy” rating and set a $16.00 target price on shares of El Pollo Loco Holdings in a research note on Monday, September 19th. Robert W. Baird reiterated a “neutral” rating on shares of El Pollo Loco Holdings in a research note on Thursday, September 8th. Finally, Morgan Stanley reiterated a “hold” rating and set a $15.00 target price on shares of El Pollo Loco Holdings in a research note on Friday, August 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $15.34.

Analyst Recommendations for El Pollo Loco Holdings (NASDAQ:LOCO)

El Pollo Loco Holdings (NASDAQ:LOCO) opened at 12.95 on Wednesday. The company has a 50-day moving average of $11.99 and a 200-day moving average of $12.53. The stock has a market capitalization of $498.23 million, a price-to-earnings ratio of 21.58 and a beta of 0.20. El Pollo Loco Holdings has a 52-week low of $10.08 and a 52-week high of $15.44.

El Pollo Loco Holdings (NASDAQ:LOCO) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.01. The company earned $95.80 million during the quarter, compared to analysts’ expectations of $97.25 million. El Pollo Loco Holdings had a return on equity of 10.63% and a net margin of 6.23%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 EPS. Equities research analysts expect that El Pollo Loco Holdings will post $0.67 EPS for the current year.

Several large investors have recently bought and sold shares of LOCO. Nordea Investment Management AB raised its stake in shares of El Pollo Loco Holdings by 670.4% in the second quarter. Nordea Investment Management AB now owns 31,007 shares of the company’s stock valued at $403,000 after buying an additional 26,982 shares in the last quarter. Swiss National Bank raised its stake in shares of El Pollo Loco Holdings by 41.4% in the second quarter. Swiss National Bank now owns 37,550 shares of the company’s stock valued at $488,000 after buying an additional 11,000 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of El Pollo Loco Holdings by 47.0% in the second quarter. California State Teachers Retirement System now owns 42,524 shares of the company’s stock valued at $553,000 after buying an additional 13,588 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of El Pollo Loco Holdings by 11.1% in the second quarter. Bank of New York Mellon Corp now owns 90,565 shares of the company’s stock valued at $1,177,000 after buying an additional 9,026 shares in the last quarter. Finally, Pinnacle Holdings LLC raised its stake in shares of El Pollo Loco Holdings by 4.9% in the second quarter. Pinnacle Holdings LLC now owns 68,690 shares of the company’s stock valued at $893,000 after buying an additional 3,180 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

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El Pollo Loco Holdings Company Profile

El Pollo Loco Holdings, Inc is a restaurant concept that offers fire-grilling citrus-marinated chicken. The Company operates in the limited service restaurant segment. The Company’s activities are conducted through its subsidiary, El Pollo Loco, Inc (EPL), which develops, franchises, licenses and operates quick-service restaurants under the name El Pollo Loco.

5 Day Chart for NASDAQ:LOCO

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