El Pollo LoCo (LOCO) Downgraded by Zacks Investment Research to “Sell”

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El Pollo LoCo (NASDAQ:LOCO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued 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. “

A number of other brokerages also recently issued reports on LOCO. BidaskClub downgraded shares of El Pollo LoCo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 5th. ValuEngine upgraded shares of El Pollo LoCo from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, TheStreet downgraded shares of El Pollo LoCo from a “b” rating to a “c” rating in a report on Friday, March 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.25.

Shares of NASDAQ LOCO opened at $10.75 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.26 and a current ratio of 0.28. The firm has a market capitalization of $431.99 million, a price-to-earnings ratio of 14.53, a P/E/G ratio of 1.57 and a beta of 0.31. El Pollo LoCo has a 52-week low of $10.55 and a 52-week high of $18.47.

El Pollo LoCo (NASDAQ:LOCO) last announced its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $108.98 million during the quarter, compared to the consensus estimate of $109.42 million. El Pollo LoCo had a negative net margin of 2.42% and a positive return on equity of 10.29%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 earnings per share. On average, equities analysts forecast that El Pollo LoCo will post 0.72 earnings per share for the current year.

Several large investors have recently modified their holdings of the business. Lombard Odier Asset Management USA Corp purchased a new position in shares of El Pollo LoCo in the 1st quarter worth $194,000. Maverick Capital Ltd. boosted its position in El Pollo LoCo by 103.9% in the 1st quarter. Maverick Capital Ltd. now owns 375,580 shares of the restaurant operator’s stock valued at $4,886,000 after buying an additional 191,420 shares during the period. Jefferies Group LLC purchased a new stake in El Pollo LoCo in the 1st quarter valued at about $835,000. Geode Capital Management LLC boosted its position in El Pollo LoCo by 11.0% in the 1st quarter. Geode Capital Management LLC now owns 284,882 shares of the restaurant operator’s stock valued at $3,706,000 after buying an additional 28,143 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in El Pollo LoCo by 6.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 128,486 shares of the restaurant operator’s stock valued at $1,672,000 after buying an additional 7,338 shares during the period. 88.18% of the stock is owned by institutional investors and hedge funds.

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 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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