El Pollo LoCo (NASDAQ:LOCO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, January 4th.
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. “
Several other equities analysts have also recently issued reports on the company. SunTrust Banks reissued a “hold” rating and set a $12.00 target price on shares of El Pollo LoCo in a research note on Friday, November 3rd. Robert W. Baird reduced their target price on El Pollo LoCo from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $13.00.
Shares of El Pollo LoCo (LOCO) traded down $0.10 during trading on Thursday, reaching $10.40. The company’s stock had a trading volume of 560,700 shares, compared to its average volume of 471,900. The company has a quick ratio of 0.31, a current ratio of 0.35 and a debt-to-equity ratio of 0.31. The stock has a market cap of $401.98, a PE ratio of 45.22, a P/E/G ratio of 1.06 and a beta of 0.31. El Pollo LoCo has a 1-year low of $9.55 and a 1-year high of $14.85.
El Pollo LoCo (NASDAQ:LOCO) last posted its earnings results on Thursday, November 2nd. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). El Pollo LoCo had a net margin of 2.27% and a return on equity of 9.14%. The business had revenue of $101.16 million for the quarter, compared to analysts’ expectations of $103.71 million. During the same period last year, the firm posted $0.18 earnings per share. El Pollo LoCo’s quarterly revenue was up 5.6% on a year-over-year basis. sell-side analysts forecast that El Pollo LoCo will post 0.62 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of LOCO. New York State Common Retirement Fund boosted its holdings in El Pollo LoCo by 229.8% in the second quarter. New York State Common Retirement Fund now owns 68,594 shares of the restaurant operator’s stock worth $950,000 after acquiring an additional 47,793 shares in the last quarter. Trexquant Investment LP bought a new stake in El Pollo LoCo in the third quarter worth $253,000. Dimensional Fund Advisors LP boosted its holdings in El Pollo LoCo by 23.0% in the second quarter. Dimensional Fund Advisors LP now owns 526,346 shares of the restaurant operator’s stock worth $7,290,000 after acquiring an additional 98,391 shares in the last quarter. OxFORD Asset Management LLP boosted its holdings in El Pollo LoCo by 22.5% in the third quarter. OxFORD Asset Management LLP now owns 292,812 shares of the restaurant operator’s stock worth $3,543,000 after acquiring an additional 53,730 shares in the last quarter. Finally, Personal Capital Advisors Corp boosted its holdings in El Pollo LoCo by 75.4% in the third quarter. Personal Capital Advisors Corp now owns 74,651 shares of the restaurant operator’s stock worth $907,000 after acquiring an additional 32,082 shares in the last quarter. 78.11% of the stock is currently owned by institutional investors.
WARNING: This story was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/01/12/el-pollo-loco-loco-upgraded-to-hold-by-zacks-investment-research.html.
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.
Get a free copy of the Zacks research report on El Pollo LoCo (LOCO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for El Pollo LoCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for El Pollo LoCo and related companies with MarketBeat.com's FREE daily email newsletter.