El Pollo LoCo (LOCO) Hits New 1-Year High at $18.02
El Pollo LoCo Holdings Inc (NASDAQ:LOCO) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $18.02 and last traded at $17.99, with a volume of 13765 shares traded. The stock had previously closed at $17.71.
LOCO has been the subject of several recent research reports. BidaskClub cut shares of El Pollo LoCo from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Guggenheim increased their target price on shares of El Pollo LoCo from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, October 3rd. ValuEngine upgraded shares of El Pollo LoCo from a “hold” rating to a “buy” rating in a report on Monday, October 22nd. Zacks Investment Research upgraded shares of El Pollo LoCo from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, October 24th. Finally, Robert W. Baird increased their target price on shares of El Pollo LoCo from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. El Pollo LoCo presently has an average rating of “Buy” and a consensus price target of $13.67.
The firm has a market capitalization of $673.12 million, a P/E ratio of 28.25, a price-to-earnings-growth ratio of 1.47 and a beta of 0.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.38 and a current ratio of 0.42.
Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in El Pollo LoCo in the second quarter valued at $128,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of El Pollo LoCo during the 3rd quarter worth about $158,000. MetLife Investment Advisors LLC acquired a new stake in shares of El Pollo LoCo during the 3rd quarter worth about $212,000. Credit Suisse AG lifted its stake in shares of El Pollo LoCo by 13.2% during the 3rd quarter. Credit Suisse AG now owns 29,216 shares of the restaurant operator’s stock worth $366,000 after buying an additional 3,412 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of El Pollo LoCo during the 3rd quarter worth about $483,000. Hedge funds and other institutional investors own 84.73% of the company’s stock.
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El Pollo LoCo Company Profile (NASDAQ:LOCO)
El Pollo Loco Holdings, Inc, through its subsidiary El Pollo Loco, Inc, develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name. The company specializes in offering flame-grilled chicken. As of December 06, 2018, it had approximately 480 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, Utah, and Louisiana.
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