El Pollo Loco (NASDAQ:LOCO) Posts Earnings Results, Beats Expectations By $0.08 EPS

El Pollo Loco (NASDAQ:LOCO) announced its earnings results on Thursday. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.08, Briefing.com reports. El Pollo Loco had a net margin of 5.45% and a return on equity of 9.20%. The firm had revenue of $116.15 million for the quarter, compared to analysts’ expectations of $111.09 million. During the same period in the prior year, the company earned $0.14 EPS. The business’s revenue was up 1.4% compared to the same quarter last year.

El Pollo Loco Trading Up 16.4 %

Shares of NASDAQ LOCO traded up $1.41 during trading hours on Friday, reaching $10.01. The stock had a trading volume of 3,281,040 shares, compared to its average volume of 283,541. El Pollo Loco has a 52-week low of $8.11 and a 52-week high of $11.99. The firm has a market cap of $312.11 million, a price-to-earnings ratio of 13.35 and a beta of 1.44. The business’s fifty day moving average price is $8.89 and its two-hundred day moving average price is $8.83. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 0.34.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LOCO shares. StockNews.com cut El Pollo Loco from a “buy” rating to a “hold” rating in a report on Friday, January 19th. Truist Financial lifted their price objective on shares of El Pollo Loco from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday.

El Pollo Loco Company Profile

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. It operates and franchises restaurants located in California, Nevada, Arizona, Texas, Colorado, Utah, and Louisiana. It also licenses its brand to restaurants in the Philippines.