BidaskClub Upgrades El Pollo LoCo (NASDAQ:LOCO) to “Hold”

BidaskClub upgraded shares of El Pollo LoCo (NASDAQ:LOCO) from a sell rating to a hold rating in a report issued on Wednesday, BidAskClub reports.

Several other brokerages also recently commented on LOCO. ValuEngine downgraded shares of El Pollo LoCo from a hold rating to a sell rating in a report on Tuesday, July 2nd. Zacks Investment Research downgraded shares of El Pollo LoCo from a hold rating to a sell rating in a report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, two have issued 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 $17.00.

Shares of NASDAQ:LOCO opened at $11.33 on Wednesday. The company has a market capitalization of $408.90 million, a price-to-earnings ratio of 15.20, a PEG ratio of 1.58 and a beta of 0.51. El Pollo LoCo has a 12 month low of $9.60 and a 12 month high of $18.47. The firm’s 50-day moving average is $10.61 and its 200 day moving average is $11.38. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.08.

El Pollo LoCo (NASDAQ:LOCO) last issued its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. The company had revenue of $113.74 million for the quarter, compared to the consensus estimate of $113.74 million. El Pollo LoCo had a negative net margin of 0.36% and a positive return on equity of 10.49%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 EPS. As a group, equities analysts forecast that El Pollo LoCo will post 0.7 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Bank of Montreal Can bought a new position in El Pollo LoCo in the 2nd quarter worth about $29,000. BNP Paribas Arbitrage SA grew its stake in El Pollo LoCo by 253.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,981 shares of the restaurant operator’s stock worth $65,000 after acquiring an additional 3,573 shares in the last quarter. Alambic Investment Management L.P. bought a new position in El Pollo LoCo in the 1st quarter worth about $141,000. Campbell & CO Investment Adviser LLC bought a new position in El Pollo LoCo in the 1st quarter worth about $144,000. Finally, United Services Automobile Association grew its stake in El Pollo LoCo by 12.4% in the 2nd quarter. United Services Automobile Association now owns 11,566 shares of the restaurant operator’s stock worth $123,000 after acquiring an additional 1,276 shares in the last quarter. Institutional investors and hedge funds own 95.49% of the company’s stock.

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 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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