El Pollo LoCo (LOCO) Stock Rating Upgraded by Zacks Investment Research

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.

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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.

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