Zacks Investment Research cut shares of El Pollo LoCo (NASDAQ:LOCO) from a hold rating to a sell rating in a report published on Tuesday morning, Zacks.com reports.

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. “

A number of other research firms have also weighed in on LOCO. BidaskClub raised shares of El Pollo LoCo from a strong sell rating to a sell rating in a report on Saturday, August 3rd. ValuEngine lowered shares of El Pollo LoCo from a hold rating to a sell rating in a report on Tuesday, July 2nd. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $17.00.

NASDAQ LOCO opened at $10.78 on Tuesday. The company has a 50 day simple moving average of $10.50. El Pollo LoCo has a 12-month low of $9.60 and a 12-month high of $18.47. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $403.03 million, a price-to-earnings ratio of 14.57, a P/E/G ratio of 1.53 and a beta of 0.46.

El Pollo LoCo (NASDAQ:LOCO) last posted its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. El Pollo LoCo had a negative net margin of 0.36% and a positive return on equity of 10.49%. The company had revenue of $113.74 million for the quarter, compared to analyst estimates of $113.74 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts expect that El Pollo LoCo will post 0.7 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can bought a new stake in El Pollo LoCo during the 2nd quarter worth approximately $29,000. BNP Paribas Arbitrage SA increased its holdings in shares of El Pollo LoCo by 253.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,981 shares of the restaurant operator’s stock worth $65,000 after buying an additional 3,573 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of El Pollo LoCo by 2,110.4% in the 1st quarter. Meeder Asset Management Inc. now owns 7,007 shares of the restaurant operator’s stock worth $92,000 after buying an additional 6,690 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of El Pollo LoCo in the 4th quarter worth $97,000. Finally, Investors Research Corp bought a new position in shares of El Pollo LoCo in the 1st quarter worth $107,000. 96.75% of the stock is currently owned by institutional investors and hedge funds.

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 offers citrus-marinated, flame-grilled chicken, and handcrafted entrée products, including specialty chicken burritos, chicken quesadillas, and chicken tortilla soup, as well as under 500 calorie entrees, and Pollo Bowl and Pollo salad products.

Featured Article: What is the Fibonacci sequence?

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

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.