Zacks Investment Research lowered shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) from a buy rating to a hold rating in a research report report published on Tuesday morning.

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. “

Other analysts have also recently issued reports about the stock. Jefferies Group LLC restated a buy rating and set a $15.00 price target on shares of El Pollo Loco Holdings in a report on Tuesday, August 22nd. Morgan Stanley decreased their price target on shares of El Pollo Loco Holdings from $14.00 to $13.00 and set an equal weight rating for the company in a report on Monday, August 7th. BidaskClub cut shares of El Pollo Loco Holdings from a buy rating to a hold rating in a report on Wednesday, July 19th. SunTrust Banks, Inc. restated a hold rating and set a $12.00 price target on shares of El Pollo Loco Holdings in a report on Friday, November 3rd. Finally, Robert W. Baird decreased their price target on shares of El Pollo Loco Holdings from $15.00 to $12.00 and set a neutral rating for the company in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. El Pollo Loco Holdings has an average rating of Hold and an average price target of $13.00.

Shares of El Pollo Loco Holdings (NASDAQ:LOCO) traded up $0.10 on Tuesday, hitting $10.10. 232,962 shares of the company’s stock traded hands, compared to its average volume of 298,413. El Pollo Loco Holdings has a one year low of $9.55 and a one year high of $14.85. The firm has a market capitalization of $392.31, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.06 and a beta of 0.35. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.29 and a current ratio of 0.35.

El Pollo Loco Holdings (NASDAQ:LOCO) last announced its earnings results on Thursday, November 2nd. The restaurant operator reported $0.15 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.03). El Pollo Loco Holdings had a return on equity of 9.14% and a net margin of 2.27%. The firm had revenue of $101.16 million during the quarter, compared to analyst estimates of $103.71 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. sell-side analysts forecast that El Pollo Loco Holdings will post 0.62 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.watchlistnews.com/el-pollo-loco-holdings-inc-loco-cut-to-hold-at-zacks-investment-research/1694074.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its stake in El Pollo Loco Holdings by 54.4% in the third quarter. Wells Fargo & Company MN now owns 28,684 shares of the restaurant operator’s stock valued at $350,000 after acquiring an additional 10,102 shares during the last quarter. Trexquant Investment LP acquired a new stake in El Pollo Loco Holdings in the third quarter valued at approximately $253,000. JPMorgan Chase & Co. lifted its stake in El Pollo Loco Holdings by 849.2% in the third quarter. JPMorgan Chase & Co. now owns 17,048 shares of the restaurant operator’s stock valued at $206,000 after acquiring an additional 15,252 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in El Pollo Loco Holdings by 103.0% in the third quarter. BNP Paribas Arbitrage SA now owns 11,188 shares of the restaurant operator’s stock valued at $136,000 after acquiring an additional 5,678 shares during the last quarter. Finally, Personal Capital Advisors Corp lifted its stake in El Pollo Loco Holdings by 75.4% in the third quarter. Personal Capital Advisors Corp now owns 74,651 shares of the restaurant operator’s stock valued at $907,000 after acquiring an additional 32,082 shares during the last quarter. Hedge funds and other institutional investors own 76.79% of the company’s stock.

El Pollo Loco Holdings Company Profile

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.

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

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

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