Zacks Investment Research upgraded shares of El Pollo LoCo (NASDAQ:LOCO) from a sell rating to a hold rating in a report released on Friday, Zacks.com reports.

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. “

LOCO has been the subject of several other research reports. ValuEngine downgraded shares of El Pollo LoCo from a buy rating to a hold rating in a research note on Saturday, March 9th. BidaskClub downgraded shares of El Pollo LoCo from a hold rating to a sell rating in a research note on Thursday, April 4th. Finally, TheStreet downgraded shares of El Pollo LoCo from a b rating to a c rating in a research note on Friday, March 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $16.25.

NASDAQ LOCO opened at $10.78 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.28 and a quick ratio of 0.26. El Pollo LoCo has a 1 year low of $10.02 and a 1 year high of $18.47. The firm has a market capitalization of $414.31 million, a price-to-earnings ratio of 14.57, a P/E/G ratio of 1.52 and a beta of 0.46.

El Pollo LoCo (NASDAQ:LOCO) last released its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). El Pollo LoCo had a negative net margin of 2.42% and a positive return on equity of 10.29%. The company had revenue of $108.98 million during the quarter, compared to analyst estimates of $109.42 million. During the same quarter in the prior year, the company earned $0.17 EPS. The business’s revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts anticipate that El Pollo LoCo will post 0.71 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Arizona State Retirement System grew its stake in shares of El Pollo LoCo by 7.4% during the 4th quarter. Arizona State Retirement System now owns 34,293 shares of the restaurant operator’s stock worth $520,000 after acquiring an additional 2,369 shares during the period. Rhumbline Advisers grew its stake in shares of El Pollo LoCo by 22.7% during the 4th quarter. Rhumbline Advisers now owns 63,720 shares of the restaurant operator’s stock worth $967,000 after acquiring an additional 11,780 shares during the period. Oregon Public Employees Retirement Fund bought a new position in shares of El Pollo LoCo during the 4th quarter worth $128,000. Acadian Asset Management LLC bought a new position in shares of El Pollo LoCo during the 4th quarter worth $1,701,000. Finally, BlackRock Inc. grew its stake in shares of El Pollo LoCo by 2.7% during the 4th quarter. BlackRock Inc. now owns 3,372,038 shares of the restaurant operator’s stock worth $51,154,000 after acquiring an additional 89,941 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

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 offers citrus-marinated, flame-grilled chicken, and handcrafted entrée products, including specialty chicken burritos, chicken quesadillas, and chicken tortilla soup, as well as under 500 calorie entrees, and Pollo Bowl and Pollo salad products.

See Also: How Does the Quiet Period Work?

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

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

Receive News & Ratings for El Pollo LoCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for El Pollo LoCo and related companies with MarketBeat.com's FREE daily email newsletter.