6 Meridian bought a new stake in El Pollo LoCo Holdings Inc (NASDAQ:LOCO) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,988 shares of the restaurant operator’s stock, valued at approximately $377,000. 6 Meridian owned 0.07% of El Pollo LoCo at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of LOCO. WINTON GROUP Ltd acquired a new position in El Pollo LoCo in the fourth quarter valued at about $4,303,000. Dimensional Fund Advisors LP boosted its position in shares of El Pollo LoCo by 13.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,943,308 shares of the restaurant operator’s stock worth $24,388,000 after buying an additional 233,814 shares during the period. Vanguard Group Inc boosted its position in shares of El Pollo LoCo by 10.8% during the third quarter. Vanguard Group Inc now owns 2,211,472 shares of the restaurant operator’s stock worth $27,754,000 after buying an additional 215,980 shares during the period. Vanguard Group Inc. boosted its position in shares of El Pollo LoCo by 10.8% during the third quarter. Vanguard Group Inc. now owns 2,211,472 shares of the restaurant operator’s stock worth $27,754,000 after buying an additional 215,980 shares during the period. Finally, Two Sigma Investments LP boosted its position in shares of El Pollo LoCo by 332.8% during the fourth quarter. Two Sigma Investments LP now owns 201,776 shares of the restaurant operator’s stock worth $3,061,000 after buying an additional 155,150 shares during the period. 86.73% of the stock is owned by hedge funds and other institutional investors.

LOCO has been the subject of several recent research reports. BidaskClub cut El Pollo LoCo from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 5th. TheStreet cut El Pollo LoCo from a “b” rating to a “c” rating in a research report on Friday, March 8th. ValuEngine cut El Pollo LoCo from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. Finally, Zacks Investment Research raised El Pollo LoCo from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.25.

LOCO opened at $12.62 on Tuesday. El Pollo LoCo Holdings Inc has a 52-week low of $9.45 and a 52-week high of $18.47. The stock has a market cap of $495.80 million, a P/E ratio of 17.05, a P/E/G ratio of 1.71 and a beta of 0.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 0.27.

El Pollo LoCo (NASDAQ:LOCO) last released its earnings results on Thursday, March 7th. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. El Pollo LoCo had a positive return on equity of 10.47% and a negative net margin of 2.06%. The business had revenue of $106.26 million for the quarter, compared to analyst estimates of $104.59 million. Equities research analysts predict that El Pollo LoCo Holdings Inc will post 0.74 EPS for the current year.

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About El Pollo 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 February 18, 2019, it had approximately 480 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, Utah, and Louisiana.

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Institutional Ownership by Quarter for El Pollo LoCo (NASDAQ:LOCO)

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