Zacks Investment Research upgraded shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) from a sell rating to a hold rating in a research report released 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. “

Other equities research analysts have also recently issued reports about the company. Robert W. Baird upped their price target on El Pollo Loco Holdings from $14.00 to $15.00 and gave the stock a neutral rating in a research note on Friday, June 9th. BidaskClub cut El Pollo Loco Holdings from a sell rating to a strong sell rating in a research note on Tuesday, August 8th. Jefferies Group LLC reaffirmed a buy rating on shares of El Pollo Loco Holdings in a research note on Wednesday, July 19th. Finally, Morgan Stanley reduced their price target on El Pollo Loco Holdings from $14.00 to $13.00 and set an equal weight rating on the stock in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $14.75.

Shares of El Pollo Loco Holdings (NASDAQ LOCO) traded up 0.87% during trading on Wednesday, reaching $11.60. 165,487 shares of the company’s stock were exchanged. 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 $448.35 million, a P/E ratio of 25.22 and a beta of 0.31. The company has a 50 day moving average of $12.64 and a 200 day moving average of $12.82.

El Pollo Loco Holdings (NASDAQ:LOCO) last issued its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The company had revenue of $105.60 million for the quarter, compared to analysts’ expectations of $105.83 million. El Pollo Loco Holdings had a return on equity of 9.56% and a net margin of 4.66%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share. Equities analysts anticipate that El Pollo Loco Holdings will post $0.67 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “El Pollo Loco Holdings, Inc. (LOCO) Upgraded to “Hold” at Zacks Investment Research” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/27/el-pollo-loco-holdings-inc-loco-upgraded-to-hold-at-zacks-investment-research.html.

Several large investors have recently added to or reduced their stakes in LOCO. Dimensional Fund Advisors LP boosted its stake in El Pollo Loco Holdings by 95.0% in the first quarter. Dimensional Fund Advisors LP now owns 427,955 shares of the restaurant operator’s stock worth $5,114,000 after buying an additional 208,537 shares in the last quarter. Bank of Montreal Can boosted its stake in El Pollo Loco Holdings by 1,046.4% in the second quarter. Bank of Montreal Can now owns 173,100 shares of the restaurant operator’s stock worth $2,398,000 after buying an additional 158,000 shares in the last quarter. Oxford Asset Management bought a new stake in El Pollo Loco Holdings during the first quarter worth approximately $1,547,000. Vanguard Group Inc. boosted its stake in El Pollo Loco Holdings by 6.4% in the first quarter. Vanguard Group Inc. now owns 1,849,656 shares of the restaurant operator’s stock worth $22,104,000 after buying an additional 111,692 shares in the last quarter. Finally, OxFORD Asset Management LLP boosted its stake in El Pollo Loco Holdings by 84.7% in the second quarter. OxFORD Asset Management LLP now owns 239,082 shares of the restaurant operator’s stock worth $3,311,000 after buying an additional 109,651 shares in the last quarter. 77.00% of the stock is currently owned by hedge funds and other institutional investors.

About El Pollo Loco Holdings

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.

Get a free copy of the Zacks research report on El Pollo Loco Holdings (LOCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Stock Ratings for El Pollo Loco Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for El Pollo Loco Holdings Inc. and related stocks with our FREE daily email newsletter.