Analysts expect El Pollo LoCo Holdings Inc (NASDAQ:LOCO) to report sales of $111.49 million for the current quarter, Zacks reports. Three analysts have made estimates for El Pollo LoCo’s earnings, with the highest sales estimate coming in at $111.90 million and the lowest estimate coming in at $111.05 million. El Pollo LoCo posted sales of $105.57 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.6%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 2nd.
According to Zacks, analysts expect that El Pollo LoCo will report full-year sales of $429.02 million for the current fiscal year, with estimates ranging from $426.37 million to $432.76 million. For the next financial year, analysts anticipate that the business will post sales of $443.64 million per share, with estimates ranging from $433.50 million to $454.73 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover El Pollo LoCo.
El Pollo LoCo (NASDAQ:LOCO) last announced its quarterly earnings data on Thursday, May 3rd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. El Pollo LoCo had a return on equity of 9.19% and a net margin of 1.54%. The business had revenue of $105.76 million for the quarter, compared to analysts’ expectations of $103.27 million. During the same period in the previous year, the business posted $0.16 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year.
A number of equities research analysts recently issued reports on the company. BidaskClub upgraded El Pollo LoCo from a “sell” rating to a “hold” rating in a research note on Friday. Morgan Stanley restated an “equal weight” rating and issued a $11.00 price objective (down from $12.00) on shares of El Pollo LoCo in a research note on Monday, March 12th. ValuEngine cut El Pollo LoCo from a “sell” rating to a “strong sell” rating in a research note on Monday, May 14th. Finally, SunTrust Banks set a $11.00 price objective on El Pollo LoCo and gave the company a “hold” rating in a research note on Thursday, March 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $12.40.
Institutional investors and hedge funds have recently made changes to their positions in the company. Crossmark Global Holdings Inc. bought a new stake in shares of El Pollo LoCo during the fourth quarter valued at about $124,000. Jefferies Group LLC bought a new stake in shares of El Pollo LoCo during the fourth quarter valued at about $126,000. Teachers Retirement System of The State of Kentucky increased its position in shares of El Pollo LoCo by 73.7% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 13,200 shares of the restaurant operator’s stock valued at $131,000 after buying an additional 5,600 shares during the period. JPMorgan Chase & Co. increased its position in shares of El Pollo LoCo by 849.2% during the third quarter. JPMorgan Chase & Co. now owns 17,048 shares of the restaurant operator’s stock valued at $206,000 after buying an additional 15,252 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of El Pollo LoCo by 54.4% during the third quarter. Wells Fargo & Company MN now owns 28,684 shares of the restaurant operator’s stock valued at $350,000 after buying an additional 10,102 shares during the period. Hedge funds and other institutional investors own 79.22% of the company’s stock.
El Pollo LoCo traded up $0.05, reaching $10.85, during midday trading on Friday, Marketbeat reports. The stock had a trading volume of 323,667 shares, compared to its average volume of 371,148. El Pollo LoCo has a 12 month low of $9.05 and a 12 month high of $14.85. The stock has a market capitalization of $417.27 million, a P/E ratio of 17.22, a P/E/G ratio of 1.03 and a beta of 0.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.34 and a current ratio of 0.38.
About El Pollo LoCo
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 specializes in offering flame-grilled chicken. As of March 8, 2018, it had approximately 475 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, and Utah.
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