Zacks Investment Research upgraded shares of El Pollo LoCo (NASDAQ:LOCO) from a sell rating to a hold rating in a research note released on Friday, 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. “

Other equities analysts have also recently issued research reports about the company. ValuEngine upgraded El Pollo LoCo from a hold rating to a buy rating in a report on Wednesday, May 1st. TheStreet cut El Pollo LoCo from a b rating to a c rating in a report on Friday, March 8th. Finally, BidaskClub cut El Pollo LoCo from a hold rating to a sell rating in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. El Pollo LoCo presently has a consensus rating of Hold and an average price target of $16.25.

NASDAQ LOCO opened at $10.46 on Friday. The stock has a market cap of $414.28 million, a PE ratio of 14.14, a PEG ratio of 1.52 and a beta of 0.47. El Pollo LoCo has a fifty-two week low of $10.02 and a fifty-two week high of $18.47. The business has a 50 day moving average of $11.05. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.26 and a current ratio of 0.28.

El Pollo LoCo (NASDAQ:LOCO) last released its quarterly 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 company 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 revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 EPS. Equities analysts anticipate that El Pollo LoCo will post 0.71 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in shares of El Pollo LoCo by 253.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,981 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 3,573 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of El Pollo LoCo by 2,110.4% during the 1st quarter. Meeder Asset Management Inc. now owns 7,007 shares of the restaurant operator’s stock valued at $92,000 after buying an additional 6,690 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of El Pollo LoCo during the 4th quarter valued at approximately $97,000. Investors Research Corp purchased a new position in shares of El Pollo LoCo during the 1st quarter valued at approximately $107,000. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of El Pollo LoCo by 356.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,667 shares of the restaurant operator’s stock valued at $116,000 after buying an additional 5,988 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

About El Pollo LoCo

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.

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