El Pollo Loco Holdings, Inc. (NASDAQ:LOCO – Get Free Report) major shareholder Sardar Biglari sold 100,000 shares of El Pollo Loco stock in a transaction on Friday, June 26th. The shares were sold at an average price of $16.75, for a total value of $1,675,000.00. Following the sale, the insider directly owned 3,900,000 shares of the company’s stock, valued at approximately $65,325,000. The trade was a 2.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Sardar Biglari also recently made the following trade(s):
- On Tuesday, June 30th, Sardar Biglari sold 22,600 shares of El Pollo Loco stock. The shares were sold at an average price of $16.91, for a total value of $382,166.00.
- On Monday, June 29th, Sardar Biglari sold 100,000 shares of El Pollo Loco stock. The stock was sold at an average price of $16.58, for a total value of $1,658,000.00.
El Pollo Loco Stock Up 2.6%
LOCO opened at $16.96 on Wednesday. El Pollo Loco Holdings, Inc. has a fifty-two week low of $8.98 and a fifty-two week high of $17.00. The business has a 50-day moving average of $14.48 and a 200-day moving average of $12.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.34 and a quick ratio of 0.32. The company has a market capitalization of $516.43 million, a PE ratio of 17.31 and a beta of 0.81.
El Pollo Loco announced that its board has initiated a share buyback plan on Thursday, May 28th that allows the company to repurchase $40.00 million in shares. This repurchase authorization allows the restaurant operator to purchase up to 9.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
Analyst Ratings Changes
LOCO has been the topic of several analyst reports. DA Davidson increased their price target on shares of El Pollo Loco from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. William Blair reiterated a “market perform” rating on shares of El Pollo Loco in a report on Friday, March 13th. Weiss Ratings upgraded shares of El Pollo Loco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Benchmark increased their target price on shares of El Pollo Loco from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded El Pollo Loco from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, El Pollo Loco has an average rating of “Hold” and an average target price of $14.88.
Check Out Our Latest Research Report on El Pollo Loco
Hedge Funds Weigh In On El Pollo Loco
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC lifted its stake in shares of El Pollo Loco by 0.8% in the first quarter. Lazard Asset Management LLC now owns 110,667 shares of the restaurant operator’s stock worth $1,534,000 after buying an additional 895 shares during the last quarter. SG Americas Securities LLC grew its stake in El Pollo Loco by 11.1% in the 4th quarter. SG Americas Securities LLC now owns 12,212 shares of the restaurant operator’s stock valued at $128,000 after buying an additional 1,217 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in El Pollo Loco by 85.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,862 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 1,774 shares during the last quarter. Sei Investments Co. raised its holdings in El Pollo Loco by 11.5% in the 3rd quarter. Sei Investments Co. now owns 20,413 shares of the restaurant operator’s stock worth $198,000 after acquiring an additional 2,100 shares during the period. Finally, Panagora Asset Management Inc. lifted its position in El Pollo Loco by 6.7% during the 4th quarter. Panagora Asset Management Inc. now owns 35,492 shares of the restaurant operator’s stock worth $371,000 after acquiring an additional 2,214 shares during the last quarter. Institutional investors and hedge funds own 81.28% of the company’s stock.
El Pollo Loco Company Profile
El Pollo Loco (NASDAQ: LOCO) is a fast-casual restaurant chain specializing in Mexican-style fire-grilled chicken and complementary menu offerings. The company’s signature product is its marinated, flame-grilled chicken, which is prepared in an open-flame rotisserie and served in a variety of formats including tacos, burritos, bowls and salads. In addition to its core chicken offerings, El Pollo Loco menu items feature fresh-made salsas, guacamole, sides such as charro beans and fresh tortillas, as well as a selection of beverages and desserts.
Founded in 1975 in Guasave, Sinaloa, Mexico, by Juan Francisco Ochoa, the concept expanded into the United States in 1980 with its first U.S.
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