El Pollo Loco Holdings, Inc. (LOCO) Upgraded to “Hold” at Zacks Investment Research
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.
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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.
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