El Pollo LoCo Holdings Inc (NASDAQ:LOCO) – Equities researchers at SunTrust Banks boosted their Q4 2018 earnings per share (EPS) estimates for shares of El Pollo LoCo in a report issued on Thursday. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will post earnings per share of $0.14 for the quarter, up from their previous forecast of $0.13. SunTrust Banks has a “Hold” rating and a $11.00 price objective on the stock. SunTrust Banks also issued estimates for El Pollo LoCo’s Q1 2019 earnings at $0.16 EPS, Q2 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.21 EPS, Q4 2019 earnings at $0.16 EPS and FY2019 earnings at $0.78 EPS.
A number of other research analysts have also recently commented on LOCO. Zacks Investment Research raised El Pollo LoCo from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. BidaskClub raised El Pollo LoCo from a “strong sell” rating to a “sell” rating in a research report on Friday, March 2nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $11.00 price target (down previously from $12.00) on shares of El Pollo LoCo in a research report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. El Pollo LoCo has an average rating of “Hold” and a consensus price target of $12.40.
El Pollo LoCo (NASDAQ:LOCO) last announced its quarterly earnings data on Thursday, March 8th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. El Pollo LoCo had a return on equity of 9.00% and a net margin of 2.15%. The firm had revenue of $95.20 million during the quarter, compared to the consensus estimate of $95.24 million. During the same quarter in the prior year, the company earned $0.12 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. purchased a new stake in El Pollo LoCo during the 4th quarter worth about $124,000. Jefferies Group LLC purchased a new stake in El Pollo LoCo during the 4th quarter worth about $126,000. Teachers Retirement System of The State of Kentucky lifted its holdings in El Pollo LoCo by 73.7% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 13,200 shares of the restaurant operator’s stock worth $131,000 after purchasing an additional 5,600 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in El Pollo LoCo by 103.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,188 shares of the restaurant operator’s stock worth $136,000 after purchasing an additional 5,678 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in El Pollo LoCo by 849.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,048 shares of the restaurant operator’s stock worth $206,000 after purchasing an additional 15,252 shares in the last quarter. 78.94% of the stock is currently owned by hedge funds and other institutional investors.
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About El Pollo LoCo
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.
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