Invenomic Capital Management LP Cuts Position in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO)

Invenomic Capital Management LP lessened its holdings in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) by 36.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 165,281 shares of the restaurant operator’s stock after selling 96,835 shares during the quarter. Invenomic Capital Management LP’s holdings in El Pollo Loco were worth $1,458,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. AdvisorShares Investments LLC grew its holdings in El Pollo Loco by 291.4% in the fourth quarter. AdvisorShares Investments LLC now owns 54,400 shares of the restaurant operator’s stock worth $480,000 after purchasing an additional 40,500 shares during the period. Tower Research Capital LLC TRC grew its holdings in El Pollo Loco by 1,074.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,126 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 9,264 shares during the period. Campbell & CO Investment Adviser LLC lifted its stake in shares of El Pollo Loco by 17.3% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 118,947 shares of the restaurant operator’s stock worth $1,049,000 after buying an additional 17,554 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of El Pollo Loco in the fourth quarter worth approximately $111,000. Finally, Quest Partners LLC bought a new position in shares of El Pollo Loco in the fourth quarter worth approximately $685,000. Hedge funds and other institutional investors own 81.28% of the company’s stock.

El Pollo Loco Stock Up 1.0 %

Shares of El Pollo Loco stock opened at $10.46 on Tuesday. The company has a market cap of $325.31 million, a price-to-earnings ratio of 12.91 and a beta of 1.45. The company’s 50 day moving average is $9.73 and its 200 day moving average is $9.22. El Pollo Loco Holdings, Inc. has a twelve month low of $8.11 and a twelve month high of $11.99. The company has a quick ratio of 0.33, a current ratio of 0.36 and a debt-to-equity ratio of 0.32.

El Pollo Loco (NASDAQ:LOCO) last issued its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. The company had revenue of $116.15 million for the quarter, compared to the consensus estimate of $111.09 million. El Pollo Loco had a net margin of 5.64% and a return on equity of 10.13%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Research analysts anticipate that El Pollo Loco Holdings, Inc. will post 0.71 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LOCO. Truist Financial upped their target price on shares of El Pollo Loco from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. Benchmark reiterated a “hold” rating on shares of El Pollo Loco in a research note on Thursday, May 23rd. Finally, StockNews.com upgraded shares of El Pollo Loco from a “hold” rating to a “buy” rating in a research note on Saturday.

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. It operates and franchises restaurants located in California, Nevada, Arizona, Texas, Colorado, Utah, and Louisiana. It also licenses its brand to restaurants in the Philippines.