El Pollo LoCo (NASDAQ:LOCO) Raised to “Sell” at BidaskClub

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BidaskClub upgraded shares of El Pollo LoCo (NASDAQ:LOCO) from a strong sell rating to a sell rating in a report issued on Saturday morning, BidAskClub reports.

A number of other equities analysts also recently commented on LOCO. Zacks Investment Research raised shares of El Pollo LoCo from a sell rating to a hold rating in a report on Wednesday, July 3rd. ValuEngine downgraded shares of El Pollo LoCo from a hold rating to a sell rating in a report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $17.00.

Shares of El Pollo LoCo stock opened at $10.94 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.26 and a debt-to-equity ratio of 1.03. El Pollo LoCo has a fifty-two week low of $9.60 and a fifty-two week high of $18.47. The firm has a fifty day moving average of $10.49. The company has a market cap of $426.57 million, a P/E ratio of 14.78, a PEG ratio of 1.56 and a beta of 0.46.

El Pollo LoCo (NASDAQ:LOCO) last issued its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. El Pollo LoCo had a negative net margin of 0.36% and a positive return on equity of 10.40%. The firm had revenue of $113.74 million during the quarter, compared to the consensus estimate of $113.74 million. During the same period in the prior year, the firm earned $0.22 EPS. The business’s revenue was up 1.9% on a year-over-year basis. As a group, analysts forecast that El Pollo LoCo will post 0.7 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the company. Comerica Bank lifted its holdings in shares of El Pollo LoCo by 4.8% during the 1st quarter. Comerica Bank now owns 23,133 shares of the restaurant operator’s stock worth $295,000 after acquiring an additional 1,051 shares during the period. Rhumbline Advisers increased its position in shares of El Pollo LoCo by 1.7% during the 1st quarter. Rhumbline Advisers now owns 64,811 shares of the restaurant operator’s stock worth $843,000 after purchasing an additional 1,091 shares in the last quarter. 6 Meridian increased its position in shares of El Pollo LoCo by 5.0% during the 2nd quarter. 6 Meridian now owns 30,446 shares of the restaurant operator’s stock worth $325,000 after purchasing an additional 1,458 shares in the last quarter. Bessemer Group Inc. increased its position in shares of El Pollo LoCo by 2.6% during the 2nd quarter. Bessemer Group Inc. now owns 79,000 shares of the restaurant operator’s stock worth $842,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of El Pollo LoCo by 13.0% during the 4th quarter. Bank of America Corp DE now owns 24,906 shares of the restaurant operator’s stock worth $378,000 after purchasing an additional 2,873 shares in the last quarter. 91.66% of the stock is owned by 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 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.

Further Reading: Cost of Equity For A Business, Investors

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