El Pollo LoCo (LOCO) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of El Pollo LoCo (NASDAQ:LOCO) from a buy rating to a hold rating in a research note published on Thursday.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research upgraded shares of El Pollo LoCo from a hold rating to a buy rating and set a $15.00 price objective for the company in a research report on Wednesday, October 24th. BidaskClub upgraded shares of El Pollo LoCo from a buy rating to a strong-buy rating in a report on Thursday, October 18th. Guggenheim increased their price target on shares of El Pollo LoCo from $14.00 to $17.00 and gave the company a buy rating in a report on Wednesday, October 3rd. TheStreet raised shares of El Pollo LoCo from a c rating to a b- rating in a research note on Friday, August 3rd. Finally, Jefferies Financial Group reissued a buy rating and issued a $14.00 price objective on shares of El Pollo LoCo in a research note on Friday, July 13th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $13.67.

El Pollo LoCo stock traded up $2.77 during trading hours on Thursday, reaching $15.42. 2,411,893 shares of the stock were exchanged, compared to its average volume of 248,159. The company has a market cap of $595.35 million, a P/E ratio of 24.48, a PEG ratio of 1.45 and a beta of 0.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.47 and a current ratio of 0.51. El Pollo LoCo has a 52-week low of $9.05 and a 52-week high of $16.11.

El Pollo LoCo (NASDAQ:LOCO) last announced its quarterly earnings data on Thursday, November 1st. The restaurant operator reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. The company had revenue of $112.18 million during the quarter, compared to the consensus estimate of $109.54 million. El Pollo LoCo had a net margin of 3.38% and a return on equity of 9.88%. El Pollo LoCo’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. As a group, equities analysts predict that El Pollo LoCo will post 0.72 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aperio Group LLC acquired a new stake in El Pollo LoCo in the 2nd quarter valued at about $133,000. Royce & Associates LP grew its stake in El Pollo LoCo by 63.7% in the 2nd quarter. Royce & Associates LP now owns 751,958 shares of the restaurant operator’s stock valued at $8,572,000 after acquiring an additional 292,700 shares during the last quarter. Putnam Investments LLC grew its stake in El Pollo LoCo by 31.4% in the 2nd quarter. Putnam Investments LLC now owns 159,700 shares of the restaurant operator’s stock valued at $1,821,000 after acquiring an additional 38,200 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in El Pollo LoCo by 24.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 106,890 shares of the restaurant operator’s stock valued at $1,219,000 after acquiring an additional 20,799 shares during the last quarter. Finally, KBC Group NV grew its stake in El Pollo LoCo by 49.1% in the 2nd quarter. KBC Group NV now owns 76,463 shares of the restaurant operator’s stock valued at $872,000 after acquiring an additional 25,169 shares during the last quarter. 84.49% of the stock is currently owned by hedge funds and other institutional investors.

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 August 20, 2018, it had approximately 480 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, Utah, and Louisiana.

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