Millennium Management LLC lessened its holdings in shares of El Pollo LoCo Holdings Inc (NASDAQ:LOCO) by 84.8% in the 1st quarter, Holdings Channel reports. The firm owned 39,024 shares of the restaurant operator’s stock after selling 217,936 shares during the quarter. Millennium Management LLC’s holdings in El Pollo LoCo were worth $371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LOCO. Dimensional Fund Advisors LP lifted its holdings in shares of El Pollo LoCo by 44.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,388,326 shares of the restaurant operator’s stock valued at $13,189,000 after purchasing an additional 424,928 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of El Pollo LoCo by 6.9% during the 1st quarter. BlackRock Inc. now owns 3,068,175 shares of the restaurant operator’s stock valued at $29,148,000 after purchasing an additional 199,056 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of El Pollo LoCo by 259.4% during the 1st quarter. Prudential Financial Inc. now owns 268,511 shares of the restaurant operator’s stock valued at $2,551,000 after purchasing an additional 193,790 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of El Pollo LoCo by 299.4% during the 4th quarter. Renaissance Technologies LLC now owns 254,000 shares of the restaurant operator’s stock valued at $2,515,000 after purchasing an additional 190,400 shares during the last quarter. Finally, Personal Capital Advisors Corp lifted its holdings in shares of El Pollo LoCo by 226.5% during the 1st quarter. Personal Capital Advisors Corp now owns 261,493 shares of the restaurant operator’s stock valued at $2,484,000 after purchasing an additional 181,392 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Several brokerages have recently commented on LOCO. TheStreet upgraded El Pollo LoCo from a “c” rating to a “b-” rating in a report on Friday, August 3rd. ValuEngine upgraded El Pollo LoCo from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 26th. BidaskClub upgraded El Pollo LoCo from a “sell” rating to a “hold” rating in a research note on Friday, June 22nd. Finally, Zacks Investment Research lowered El Pollo LoCo from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $12.20.

Shares of LOCO stock opened at $12.50 on Friday. The firm has a market capitalization of $447.86 million, a P/E ratio of 19.92, a PEG ratio of 1.10 and a beta of 0.35. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.31. El Pollo LoCo Holdings Inc has a 1 year low of $9.05 and a 1 year high of $12.60.

El Pollo LoCo (NASDAQ:LOCO) last issued its earnings results on Thursday, August 2nd. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.22. The company had revenue of $111.60 million during the quarter, compared to analyst estimates of $111.70 million. El Pollo LoCo had a return on equity of 9.33% and a net margin of 0.85%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. analysts forecast that El Pollo LoCo Holdings Inc will post 0.7 EPS for the current fiscal year.

El Pollo LoCo 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 July 24, 2018, it had approximately 480 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, Utah, and Louisiana.

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Institutional Ownership by Quarter for El Pollo LoCo (NASDAQ:LOCO)

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