Zacks Investment Research cut shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) from a buy rating to a hold rating in a research note issued to investors on Wednesday.
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. “
Other equities research analysts have also recently issued research reports about the stock. Jefferies Group LLC restated a buy rating and issued a $15.00 price objective on shares of El Pollo Loco Holdings in a research report on Tuesday, August 22nd. Morgan Stanley lowered their price objective on shares of El Pollo Loco Holdings from $14.00 to $13.00 and set an equal weight rating for the company in a research report on Monday, August 7th. Finally, BidaskClub cut shares of El Pollo Loco Holdings from a buy rating to a hold rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. El Pollo Loco Holdings currently has a consensus rating of Hold and a consensus target price of $14.25.
El Pollo Loco Holdings (LOCO) traded down 1.67% on Wednesday, reaching $11.80. 262,242 shares of the company’s stock traded hands. The firm’s 50-day moving average is $11.75 and its 200 day moving average is $12.74. El Pollo Loco Holdings has a 52-week low of $10.08 and a 52-week high of $14.85. The stock has a market capitalization of $456.08 million, a PE ratio of 25.65 and a beta of 0.36.
El Pollo Loco Holdings (NASDAQ:LOCO) last posted its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $105.60 million during the quarter, compared to analysts’ expectations of $105.83 million. El Pollo Loco Holdings had a net margin of 4.66% and a return on equity of 9.56%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 EPS. Analysts forecast that El Pollo Loco Holdings will post $0.67 EPS for the current year.
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Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of El Pollo Loco Holdings by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 1,849,656 shares of the restaurant operator’s stock worth $22,104,000 after buying an additional 111,692 shares during the period. OppenheimerFunds Inc. boosted its stake in El Pollo Loco Holdings by 44.6% during the 1st quarter. OppenheimerFunds Inc. now owns 25,828 shares of the restaurant operator’s stock worth $309,000 after acquiring an additional 7,971 shares during the last quarter. Morgan Stanley boosted its stake in El Pollo Loco Holdings by 27.2% during the 1st quarter. Morgan Stanley now owns 296,048 shares of the restaurant operator’s stock worth $3,537,000 after acquiring an additional 63,290 shares during the last quarter. Blair William & Co. IL boosted its stake in El Pollo Loco Holdings by 3.0% during the 2nd quarter. Blair William & Co. IL now owns 94,135 shares of the restaurant operator’s stock worth $1,304,000 after acquiring an additional 2,736 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in El Pollo Loco Holdings by 4.3% during the 1st quarter. Thrivent Financial For Lutherans now owns 12,150 shares of the restaurant operator’s stock worth $145,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 77.16% of the company’s stock.
About El Pollo Loco Holdings
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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