Prudential Financial Inc. cut its holdings in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,931 shares of the restaurant operator’s stock after selling 659 shares during the quarter. Prudential Financial Inc. owned approximately 0.09% of El Pollo Loco Holdings worth $484,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LOCO. Dimensional Fund Advisors LP grew its position in shares of El Pollo Loco Holdings by 95.0% in the first quarter. Dimensional Fund Advisors LP now owns 427,955 shares of the restaurant operator’s stock valued at $5,114,000 after purchasing an additional 208,537 shares during the last quarter. Bank of Montreal Can grew its position in shares of El Pollo Loco Holdings by 1,046.4% in the second quarter. Bank of Montreal Can now owns 173,100 shares of the restaurant operator’s stock valued at $2,398,000 after purchasing an additional 158,000 shares during the last quarter. Vanguard Group Inc. grew its position in shares of El Pollo Loco Holdings by 6.4% in the first quarter. Vanguard Group Inc. now owns 1,849,656 shares of the restaurant operator’s stock valued at $22,104,000 after purchasing an additional 111,692 shares during the last quarter. Morgan Stanley grew its position in shares of El Pollo Loco Holdings by 27.2% in the first quarter. Morgan Stanley now owns 296,048 shares of the restaurant operator’s stock valued at $3,537,000 after purchasing an additional 63,290 shares during the last quarter. Finally, Champlain Investment Partners LLC grew its position in shares of El Pollo Loco Holdings by 4.3% in the first quarter. Champlain Investment Partners LLC now owns 1,337,960 shares of the restaurant operator’s stock valued at $15,989,000 after purchasing an additional 55,500 shares during the last quarter. Institutional investors and hedge funds own 77.16% of the company’s stock.

El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) opened at 12.30 on Wednesday. El Pollo Loco Holdings, Inc. has a 52 week low of $10.08 and a 52 week high of $14.85. The company’s 50 day moving average is $11.73 and its 200 day moving average is $12.75. The stock has a market cap of $475.41 million, a P/E ratio of 26.74 and a beta of 0.36.

El Pollo Loco Holdings (NASDAQ:LOCO) last released its earnings results on Thursday, August 3rd. The restaurant operator reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $105.60 million for the quarter, compared to the consensus estimate of $105.83 million. El Pollo Loco Holdings had a net margin of 4.66% and a return on equity of 9.56%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. Equities analysts predict that El Pollo Loco Holdings, Inc. will post $0.67 earnings per share for the current year.

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Several equities analysts recently issued reports on LOCO shares. Zacks Investment Research downgraded shares of El Pollo Loco Holdings from a “buy” rating to a “sell” rating in a research note on Wednesday, July 5th. Jefferies Group LLC reissued a “buy” rating on shares of El Pollo Loco Holdings in a research note on Wednesday, July 19th. BidaskClub downgraded shares of El Pollo Loco Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Morgan Stanley reduced their price objective on shares of El Pollo Loco Holdings from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.25.

El Pollo Loco Holdings Profile

El Pollo Loco Holdings, Inc specializes in fire-grilling citrus-marinated chicken and operates in the limited service restaurant (LSR) segment. The Company’s menu features its signature product, citrus-marinated fire-grilled chicken, and a range of Mexican-inspired entrees that it creates from chicken.

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

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