El Pollo LoCo Holdings Inc (LOCO) Expected to Post Quarterly Sales of $114.12 Million
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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.