El Pollo LoCo (NASDAQ:LOCO) Stock Rating Lowered by BidaskClub

El Pollo LoCo (NASDAQ:LOCO) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Saturday, BidAskClub reports.

Other equities analysts also recently issued reports about the company. SunTrust Banks boosted their price objective on El Pollo LoCo to $14.00 and gave the company a “hold” rating in a research report on Friday, November 1st. ValuEngine upgraded El Pollo LoCo from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Zacks Investment Research raised El Pollo LoCo from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Wednesday, November 6th. Finally, Guggenheim set a $15.00 target price on El Pollo LoCo and gave the stock a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $15.00.

Shares of El Pollo LoCo stock traded down $0.39 during trading hours on Friday, hitting $14.87. The company’s stock had a trading volume of 369,851 shares, compared to its average volume of 466,156. The business has a 50 day moving average price of $12.71 and a two-hundred day moving average price of $11.27. El Pollo LoCo has a 12-month low of $9.60 and a 12-month high of $18.47. The company has a market cap of $508.94 million, a PE ratio of 20.09, a PEG ratio of 2.01 and a beta of 0.58. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.31 and a current ratio of 0.34.

El Pollo LoCo (NASDAQ:LOCO) last announced its quarterly earnings data on Thursday, October 31st. The restaurant operator reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. El Pollo LoCo had a positive return on equity of 10.85% and a negative net margin of 0.46%. The business had revenue of $112.10 million for the quarter, compared to the consensus estimate of $110.21 million. During the same period in the previous year, the business earned $0.19 earnings per share. The business’s revenue was down .1% on a year-over-year basis. As a group, research analysts anticipate that El Pollo LoCo will post 0.73 earnings per share for the current year.

Several hedge funds have recently modified their holdings of LOCO. Sapience Investments LLC bought a new stake in shares of El Pollo LoCo in the second quarter worth about $7,005,000. Investment Counselors of Maryland LLC increased its holdings in shares of El Pollo LoCo by 66.4% in the second quarter. Investment Counselors of Maryland LLC now owns 1,430,820 shares of the restaurant operator’s stock worth $15,253,000 after purchasing an additional 571,125 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in shares of El Pollo LoCo in the second quarter worth about $2,773,000. Morgan Stanley increased its holdings in shares of El Pollo LoCo by 171.4% in the second quarter. Morgan Stanley now owns 158,175 shares of the restaurant operator’s stock worth $1,686,000 after purchasing an additional 99,901 shares during the last quarter. Finally, 6 Meridian increased its holdings in shares of El Pollo LoCo by 130.4% in 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 during the last quarter. 95.49% of the stock is currently owned by hedge funds and other 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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