BidaskClub Lowers El Pollo Loco Holdings, Inc. (LOCO) to Sell
BidaskClub cut shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) from a hold rating to a sell rating in a research report released on Friday.
Several other equities research analysts have also recently commented on the company. Jefferies Group LLC reissued a buy rating on shares of El Pollo Loco Holdings in a report on Wednesday, July 19th. Zacks Investment Research raised El Pollo Loco Holdings from a sell rating to a hold rating in a report on Wednesday, July 19th. Robert W. Baird boosted their target price on El Pollo Loco Holdings from $14.00 to $15.00 and gave the stock a neutral rating in a report on Friday, June 9th. Finally, TheStreet raised El Pollo Loco Holdings from a d+ rating to a c- rating in a report on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $15.25.
El Pollo Loco Holdings (NASDAQ:LOCO) traded up 0.38% during trading on Friday, reaching $13.05. The company had a trading volume of 41,901 shares. The firm has a market capitalization of $501.99 million, a P/E ratio of 29.00 and a beta of 0.33. The company has a 50-day moving average of $13.71 and a 200-day moving average of $12.88. El Pollo Loco Holdings has a 52-week low of $10.08 and a 52-week high of $14.85.
El Pollo Loco Holdings (NASDAQ:LOCO) last announced its earnings results on Thursday, May 4th. The restaurant operator reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. El Pollo Loco Holdings had a return on equity of 9.51% and a net margin of 4.61%. The firm had revenue of $99.80 million for the quarter, compared to analysts’ expectations of $100.02 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Analysts expect that El Pollo Loco Holdings will post $0.68 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System boosted its position in El Pollo Loco Holdings by 0.9% in the first quarter. Arizona State Retirement System now owns 11,200 shares of the restaurant operator’s stock valued at $134,000 after buying an additional 100 shares in the last quarter. Princeton Alpha Management LP bought a new position in El Pollo Loco Holdings during the first quarter valued at about $138,000. Thrivent Financial for Lutherans boosted its position in El Pollo Loco Holdings by 6.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 11,650 shares of the restaurant operator’s stock valued at $143,000 after buying an additional 660 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in El Pollo Loco Holdings by 4.3% in the first quarter. Thrivent Financial For Lutherans now owns 12,150 shares of the restaurant operator’s stock valued at $145,000 after buying an additional 500 shares in the last quarter. Finally, Hartford Investment Management Co. bought a new position in El Pollo Loco Holdings during the second quarter valued at about $187,000. 77.43% of the stock is currently owned by institutional investors.
About El Pollo Loco Holdings
El Pollo Loco Holdings, Inc specializes in fire-grilling citrus-marinated chicken and operates in the limited service restaurant (LSR) segment. The Company’s menu features its signature product, citrus-marinated fire-grilled chicken, and a range of Mexican-inspired entrees that it creates from chicken.
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