Wall Street analysts expect El Pollo LoCo Holdings Inc (NASDAQ:LOCO) to post sales of $114.12 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for El Pollo LoCo’s earnings, with estimates ranging from $112.01 million to $116.22 million. El Pollo LoCo reported sales of $111.63 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.2%. The business is scheduled to issue its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that El Pollo LoCo will report full year sales of $444.75 million for the current financial year, with estimates ranging from $439.70 million to $449.60 million. For the next fiscal year, analysts expect that the business will post sales of $461.82 million, with estimates ranging from $452.20 million to $474.55 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for El Pollo LoCo.

El Pollo LoCo (NASDAQ:LOCO) last released its earnings results on Thursday, May 2nd. The restaurant operator reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The business had revenue of $108.98 million during the quarter, compared to analysts’ expectations of $109.42 million. El Pollo LoCo had a positive return on equity of 10.29% and a negative net margin of 2.42%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 earnings per share.

LOCO has been the topic of a number of recent research reports. BidaskClub downgraded shares of El Pollo LoCo from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 5th. Zacks Investment Research raised shares of El Pollo LoCo from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Thursday, January 24th. ValuEngine raised shares of El Pollo LoCo from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, TheStreet downgraded shares of El Pollo LoCo from a “b” rating to a “c” rating in a research report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.25.

A number of hedge funds have recently made changes to their positions in LOCO. Bank of New York Mellon Corp grew its position in El Pollo LoCo by 4.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 262,384 shares of the restaurant operator’s stock valued at $3,293,000 after purchasing an additional 10,750 shares during the last quarter. BlackRock Inc. grew its position in El Pollo LoCo by 1.1% during the 3rd quarter. BlackRock Inc. now owns 3,282,097 shares of the restaurant operator’s stock valued at $41,189,000 after purchasing an additional 34,601 shares during the last quarter. Credit Suisse AG grew its position in El Pollo LoCo by 13.2% during the 3rd quarter. Credit Suisse AG now owns 29,216 shares of the restaurant operator’s stock valued at $366,000 after purchasing an additional 3,412 shares during the last quarter. Dimensional Fund Advisors LP grew its position in El Pollo LoCo by 13.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,943,308 shares of the restaurant operator’s stock valued at $24,388,000 after purchasing an additional 233,814 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new stake in El Pollo LoCo during the 3rd quarter valued at about $212,000. 87.92% of the stock is currently owned by institutional investors.

Shares of NASDAQ:LOCO traded up $0.14 during midday trading on Friday, reaching $11.55. The company’s stock had a trading volume of 399,200 shares, compared to its average volume of 551,977. The company has a market capitalization of $451.21 million, a PE ratio of 15.61, a P/E/G ratio of 1.64 and a beta of 0.31. 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 12-month low of $10.30 and a 12-month high of $18.47.

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. The company specializes in offering flame-grilled chicken. As of February 18, 2019, it had approximately 480 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, Utah, and Louisiana.

See Also: 52-Week High/Low Prices For Stock Selection

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

Earnings History and Estimates for El Pollo LoCo (NASDAQ:LOCO)

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.