El Pollo Loco (NASDAQ:LOCO) Upgraded to “Hold” at Zacks Investment Research


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Zacks Investment Research upgraded shares of El Pollo Loco (NASDAQ:LOCO) from a sell rating to a hold rating in a report published on Wednesday morning, 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. “

LOCO has been the topic of several other reports. TheStreet lowered El Pollo Loco from a b- rating to a c+ rating in a research report on Monday, March 29th. Truist downgraded El Pollo Loco from a buy rating to a hold rating and set a $20.00 price target for the company. in a report on Monday, February 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. El Pollo Loco currently has an average rating of Hold and an average price target of $17.33.

Shares of LOCO opened at $17.30 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.62 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $630.76 million, a P/E ratio of 27.03 and a beta of 1.57. The stock’s fifty day simple moving average is $17.88 and its 200 day simple moving average is $17.81. El Pollo Loco has a twelve month low of $9.88 and a twelve month high of $21.96.

El Pollo Loco (NASDAQ:LOCO) last issued its earnings results on Wednesday, March 10th. The restaurant operator reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $110.30 million for the quarter, compared to analyst estimates of $110.13 million. El Pollo Loco had a return on equity of 11.20% and a net margin of 5.32%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the company posted $0.18 EPS. Sell-side analysts predict that El Pollo Loco will post 0.8 earnings per share for the current year.

In related news, CFO Laurance Roberts sold 18,600 shares of the stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $19.57, for a total value of $364,002.00. Following the completion of the sale, the chief financial officer now directly owns 113,648 shares in the company, valued at approximately $2,224,091.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 49.70% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new stake in El Pollo Loco in the 4th quarter valued at $42,000. Vantage Consulting Group Inc acquired a new stake in shares of El Pollo Loco during the fourth quarter valued at about $50,000. New York State Teachers Retirement System grew its stake in shares of El Pollo Loco by 33.4% during the fourth quarter. New York State Teachers Retirement System now owns 9,993 shares of the restaurant operator’s stock valued at $181,000 after acquiring an additional 2,500 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of El Pollo Loco during the fourth quarter valued at about $205,000. Finally, SG Americas Securities LLC acquired a new stake in shares of El Pollo Loco during the fourth quarter valued at about $208,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

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. As of March 11, 2021, the company operated approximately 475 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, Utah, and Louisiana.

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