BidaskClub lowered shares of El Pollo LoCo (NASDAQ:LOCO) from a buy rating to a hold rating in a report published on Saturday morning, BidAskClub reports.
A number of other analysts have also weighed in on LOCO. Zacks Investment Research raised shares of El Pollo LoCo from a hold rating to a buy rating and set a $16.00 price target for the company in a report on Wednesday, November 6th. SunTrust Banks lifted their target price on shares of El Pollo LoCo to $14.00 and gave the stock a hold rating in a report on Friday, November 1st. Guggenheim set a $15.00 target price on shares of El Pollo LoCo and gave the stock a buy rating in a report on Friday, November 1st. Finally, ValuEngine raised shares of El Pollo LoCo from a hold rating to a buy rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. El Pollo LoCo presently has an average rating of Buy and an average target price of $15.00.
LOCO traded down $0.39 during midday trading on Friday, reaching $14.87. 369,851 shares of the company’s stock were exchanged, compared to its average volume of 466,156. The firm has a market capitalization of $508.94 million, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 2.01 and a beta of 0.58. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.25. El Pollo LoCo has a one year low of $9.60 and a one year high of $18.47. The business has a 50-day simple moving average of $12.71 and a two-hundred day simple moving average of $11.27.
El Pollo LoCo (NASDAQ:LOCO) last posted its quarterly earnings data on Thursday, October 31st. The restaurant operator reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The company had revenue of $112.10 million during the quarter, compared to analyst estimates of $110.21 million. El Pollo LoCo had a negative net margin of 0.46% and a positive return on equity of 10.85%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.19 earnings per share. As a group, research analysts anticipate that El Pollo LoCo will post 0.73 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. 6 Meridian boosted its position in shares of El Pollo LoCo by 130.4% during the third quarter. 6 Meridian now owns 70,150 shares of the restaurant operator’s stock worth $769,000 after purchasing an additional 39,704 shares in the last quarter. Hancock Whitney Corp boosted its position in shares of El Pollo LoCo by 16.5% during the third quarter. Hancock Whitney Corp now owns 14,761 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 2,090 shares in the last quarter. Rhumbline Advisers boosted its position in shares of El Pollo LoCo by 3.8% during the third quarter. Rhumbline Advisers now owns 68,238 shares of the restaurant operator’s stock worth $748,000 after purchasing an additional 2,513 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of El Pollo LoCo during the third quarter worth $207,000. Finally, State of Alaska Department of Revenue boosted its position in shares of El Pollo LoCo by 112.7% during the third quarter. State of Alaska Department of Revenue now owns 15,834 shares of the restaurant operator’s stock worth $173,000 after purchasing an additional 8,388 shares in the last quarter. 95.49% of the stock is currently owned by institutional investors.
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. The company offers citrus-marinated, flame-grilled chicken, and handcrafted entrée products, including specialty chicken burritos, chicken quesadillas, and chicken tortilla soup, as well as under 500 calorie entrees, and Pollo Bowl and Pollo salad products.
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