El Pollo Loco Holdings, Inc. (NASDAQ:LOCO – Get Free Report) major shareholder Sardar Biglari sold 80,000 shares of El Pollo Loco stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $16.90, for a total value of $1,352,000.00. Following the sale, the insider directly owned 66,422 shares in the company, valued at $1,122,531.80. The trade was a 54.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Sardar Biglari also recently made the following trade(s):
- On Monday, August 3rd, Sardar Biglari sold 20,000 shares of El Pollo Loco stock. The shares were sold at an average price of $16.73, for a total value of $334,600.00.
- On Thursday, July 30th, Sardar Biglari sold 546 shares of El Pollo Loco stock. The shares were sold at an average price of $16.70, for a total transaction of $9,118.20.
- On Wednesday, July 29th, Sardar Biglari sold 6,611 shares of El Pollo Loco stock. The stock was sold at an average price of $16.71, for a total transaction of $110,469.81.
- On Friday, July 17th, Sardar Biglari sold 11,000 shares of El Pollo Loco stock. The stock was sold at an average price of $16.71, for a total transaction of $183,810.00.
- On Monday, July 13th, Sardar Biglari sold 75,000 shares of El Pollo Loco stock. The shares were sold at an average price of $16.74, for a total transaction of $1,255,500.00.
- On Thursday, July 2nd, Sardar Biglari sold 9,525 shares of El Pollo Loco stock. The shares were sold at an average price of $16.92, for a total transaction of $161,163.00.
- On Wednesday, July 1st, Sardar Biglari sold 132,421 shares of El Pollo Loco stock. The stock was sold at an average price of $17.27, for a total transaction of $2,286,910.67.
- On Tuesday, June 30th, Sardar Biglari sold 22,600 shares of El Pollo Loco stock. The stock was sold at an average price of $16.91, for a total transaction of $382,166.00.
- On Monday, June 29th, Sardar Biglari sold 100,000 shares of El Pollo Loco stock. The shares were sold at an average price of $16.58, for a total value of $1,658,000.00.
- On Friday, June 26th, Sardar Biglari sold 100,000 shares of El Pollo Loco stock. The shares were sold at an average price of $16.75, for a total value of $1,675,000.00.
El Pollo Loco Stock Up 2.8%
Shares of NASDAQ:LOCO opened at $16.99 on Thursday. The firm has a market cap of $517.35 million, a P/E ratio of 17.34 and a beta of 0.78. El Pollo Loco Holdings, Inc. has a 12-month low of $8.98 and a 12-month high of $17.40. The business has a fifty day simple moving average of $15.88 and a 200 day simple moving average of $13.69. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 0.15.
El Pollo Loco declared that its board has approved a share buyback program on Thursday, May 28th that authorizes the company to repurchase $40.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to purchase up to 9.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
Analysts Set New Price Targets
A number of analysts have weighed in on LOCO shares. DA Davidson increased their target price on shares of El Pollo Loco from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Freedom Capital upgraded shares of El Pollo Loco to a “strong-buy” rating in a research report on Wednesday, July 1st. Benchmark upped their price objective on shares of El Pollo Loco from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded shares of El Pollo Loco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.88.
View Our Latest Report on LOCO
Institutional Investors Weigh In On El Pollo Loco
Several institutional investors and hedge funds have recently made changes to their positions in LOCO. Tower Research Capital LLC TRC increased its holdings in El Pollo Loco by 85.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,862 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 1,774 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of El Pollo Loco during the 4th quarter worth approximately $50,000. BNP Paribas Financial Markets grew its position in shares of El Pollo Loco by 89.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,277 shares of the restaurant operator’s stock worth $51,000 after buying an additional 2,493 shares during the period. State of Wyoming bought a new stake in shares of El Pollo Loco in the 1st quarter valued at $88,000. Finally, Quinn Opportunity Partners LLC bought a new stake in shares of El Pollo Loco in the 3rd quarter valued at $97,000. Institutional investors own 81.28% of the company’s stock.
About El Pollo Loco
El Pollo Loco (NASDAQ: LOCO) is a fast-casual restaurant chain specializing in Mexican-style fire-grilled chicken and complementary menu offerings. The company’s signature product is its marinated, flame-grilled chicken, which is prepared in an open-flame rotisserie and served in a variety of formats including tacos, burritos, bowls and salads. In addition to its core chicken offerings, El Pollo Loco menu items feature fresh-made salsas, guacamole, sides such as charro beans and fresh tortillas, as well as a selection of beverages and desserts.
Founded in 1975 in Guasave, Sinaloa, Mexico, by Juan Francisco Ochoa, the concept expanded into the United States in 1980 with its first U.S.
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