Zacks: Brokerages Expect El Pollo LoCo Holdings Inc (LOCO) Will Post Earnings of $0.10 Per Share

Wall Street analysts predict that El Pollo LoCo Holdings Inc (NASDAQ:LOCO) will post $0.10 earnings per share for the current quarter, according to Zacks. Four analysts have provided estimates for El Pollo LoCo’s earnings. The highest EPS estimate is $0.10 and the lowest is $0.09. El Pollo LoCo reported earnings per share of $0.12 during the same quarter last year, which would suggest a negative year over year growth rate of 16.7%. The company is scheduled to report its next earnings report on Thursday, March 8th.

On average, analysts expect that El Pollo LoCo will report full year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.61 to $0.62. For the next fiscal year, analysts expect that the business will report earnings of $0.72 per share, with EPS estimates ranging from $0.66 to $0.77. Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover El Pollo LoCo.

El Pollo LoCo (NASDAQ:LOCO) last posted its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). El Pollo LoCo had a return on equity of 9.14% and a net margin of 2.27%. The business had revenue of $101.16 million during the quarter, compared to the consensus estimate of $103.71 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year.

LOCO has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of El Pollo LoCo from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, October 25th. SunTrust Banks restated a “hold” rating and issued a $12.00 price target on shares of El Pollo LoCo in a research report on Friday, November 3rd. Finally, Robert W. Baird dropped their price objective on shares of El Pollo LoCo from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. El Pollo LoCo presently has a consensus rating of “Hold” and an average target price of $13.00.

Hedge funds have recently added to or reduced their stakes in the stock. Garner Asset Management Corp acquired a new stake in shares of El Pollo LoCo in the 2nd quarter worth about $145,000. BNP Paribas Arbitrage SA increased its holdings in shares of El Pollo LoCo by 103.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,188 shares of the restaurant operator’s stock worth $136,000 after acquiring an additional 5,678 shares during the period. Virtu KCG Holdings LLC acquired a new stake in shares of El Pollo LoCo in the 2nd quarter worth about $157,000. Thrivent Financial For Lutherans increased its holdings in shares of El Pollo LoCo by 6.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 12,940 shares of the restaurant operator’s stock worth $179,000 after acquiring an additional 790 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of El Pollo LoCo by 849.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,048 shares of the restaurant operator’s stock worth $206,000 after acquiring an additional 15,252 shares during the period. 78.08% of the stock is currently owned by institutional investors and hedge funds.

El Pollo LoCo (LOCO) traded down $0.15 during trading on Friday, hitting $9.90. 394,361 shares of the stock were exchanged, compared to its average volume of 397,336. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.31 and a current ratio of 0.35. El Pollo LoCo has a one year low of $9.55 and a one year high of $14.85. The company has a market cap of $388.46, a P/E ratio of 45.00, a P/E/G ratio of 0.94 and a beta of 0.34.

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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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