Analysts Anticipate El Pollo LoCo Holdings Inc (LOCO) Will Announce Quarterly Sales of $103.24 Million

Equities research analysts forecast that El Pollo LoCo Holdings Inc (NASDAQ:LOCO) will post $103.24 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for El Pollo LoCo’s earnings. The lowest sales estimate is $100.42 million and the highest is $107.32 million. El Pollo LoCo reported sales of $99.77 million during the same quarter last year, which indicates a positive year over year growth rate of 3.5%. The business is expected to report its next earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that El Pollo LoCo will report full year sales of $103.24 million for the current financial year, with estimates ranging from $407.93 million to $418.61 million. For the next year, analysts anticipate that the firm will report sales of $429.37 million per share, with estimates ranging from $420.00 million to $440.31 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover El Pollo LoCo.

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El Pollo LoCo (NASDAQ:LOCO) last issued its quarterly earnings data on Thursday, March 8th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $95.20 million during the quarter, compared to analysts’ expectations of $95.24 million. El Pollo LoCo had a return on equity of 9.00% and a net margin of 2.15%. El Pollo LoCo’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share.

Several brokerages recently issued reports on LOCO. ValuEngine cut El Pollo LoCo from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub raised El Pollo LoCo from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. Morgan Stanley reissued an “equal weight” rating and issued a $11.00 price target (down from $12.00) on shares of El Pollo LoCo in a report on Monday, March 12th. SunTrust Banks set a $11.00 price target on El Pollo LoCo and gave the stock a “hold” rating in a report on Thursday, March 8th. Finally, Zacks Investment Research raised El Pollo LoCo from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. El Pollo LoCo currently has a consensus rating of “Hold” and an average price target of $12.40.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan raised its holdings in shares of El Pollo LoCo by 272.9% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 51,310 shares of the restaurant operator’s stock worth $508,000 after acquiring an additional 37,550 shares during the last quarter. Millennium Management LLC raised its holdings in shares of El Pollo LoCo by 69.6% in the fourth quarter. Millennium Management LLC now owns 256,960 shares of the restaurant operator’s stock worth $2,544,000 after acquiring an additional 105,427 shares during the last quarter. Engine Capital Management LLC raised its holdings in shares of El Pollo LoCo by 42.7% in the fourth quarter. Engine Capital Management LLC now owns 33,400 shares of the restaurant operator’s stock worth $331,000 after acquiring an additional 10,000 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of El Pollo LoCo by 73.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 13,200 shares of the restaurant operator’s stock worth $131,000 after acquiring an additional 5,600 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of El Pollo LoCo by 106.4% in the fourth quarter. Two Sigma Investments LP now owns 227,361 shares of the restaurant operator’s stock worth $2,251,000 after acquiring an additional 117,194 shares during the last quarter. 78.92% of the stock is owned by institutional investors.

Shares of LOCO stock opened at $9.60 on Friday. The firm has a market cap of $378.89, a P/E ratio of 15.24, a PEG ratio of 0.94 and a beta of 0.32. El Pollo LoCo has a 1 year low of $9.05 and a 1 year high of $14.85. The company has a quick ratio of 0.39, a current ratio of 0.44 and a debt-to-equity ratio of 0.34.

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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 specializes in offering flame-grilled chicken. As of March 8, 2018, it had approximately 475 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, and Utah.

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