BidaskClub lowered shares of El Pollo LoCo (NASDAQ:LOCO) from a buy rating to a hold rating in a report released on Thursday morning.
LOCO has been the subject of a number of other research reports. Zacks Investment Research downgraded El Pollo LoCo from a hold rating to a sell rating in a research report on Wednesday, July 4th. Jefferies Financial Group reaffirmed a buy rating and issued a $14.00 price objective on shares of El Pollo LoCo in a research report on Friday, July 13th. TheStreet raised El Pollo LoCo from a c rating to a b- rating in a research report on Friday, August 3rd. Finally, ValuEngine raised El Pollo LoCo from a sell rating to a hold rating in a research report on Wednesday, August 15th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $12.20.
Shares of NASDAQ:LOCO opened at $13.20 on Thursday. The firm has a market capitalization of $515.43 million, a PE ratio of 20.54, a price-to-earnings-growth ratio of 1.26 and a beta of 0.37. 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 has a 52 week low of $9.05 and a 52 week high of $14.40.
El Pollo LoCo (NASDAQ:LOCO) last announced its quarterly earnings data on Thursday, August 2nd. The restaurant operator reported $0.22 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.22. The business had revenue of $111.60 million during the quarter, compared to the consensus estimate of $111.70 million. El Pollo LoCo had a return on equity of 9.33% and a net margin of 0.85%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. research analysts anticipate that El Pollo LoCo will post 0.71 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of LOCO. Dimensional Fund Advisors LP grew its position in El Pollo LoCo by 44.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,388,326 shares of the restaurant operator’s stock valued at $13,189,000 after acquiring an additional 424,928 shares during the period. Royce & Associates LP grew its position in El Pollo LoCo by 63.7% during the second quarter. Royce & Associates LP now owns 751,958 shares of the restaurant operator’s stock valued at $8,572,000 after acquiring an additional 292,700 shares during the period. BlackRock Inc. grew its position in El Pollo LoCo by 6.9% during the first quarter. BlackRock Inc. now owns 3,068,175 shares of the restaurant operator’s stock valued at $29,148,000 after acquiring an additional 199,056 shares during the period. Prudential Financial Inc. grew its position in El Pollo LoCo by 259.4% during the first quarter. Prudential Financial Inc. now owns 268,511 shares of the restaurant operator’s stock valued at $2,551,000 after acquiring an additional 193,790 shares during the period. Finally, Personal Capital Advisors Corp grew its position in El Pollo LoCo by 226.5% during the first quarter. Personal Capital Advisors Corp now owns 261,493 shares of the restaurant operator’s stock valued at $2,484,000 after acquiring an additional 181,392 shares during the period. 84.44% of the stock is owned by hedge funds and other institutional investors.
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 specializes in offering flame-grilled chicken. As of August 20, 2018, it had approximately 480 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, Utah, and Louisiana.
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