Analysts Anticipate El Pollo LoCo Holdings Inc (LOCO) Will Announce Quarterly Sales of $109.39 Million

Wall Street brokerages expect El Pollo LoCo Holdings Inc (NASDAQ:LOCO) to announce sales of $109.39 million for the current quarter, according to Zacks. Three analysts have made estimates for El Pollo LoCo’s earnings. The highest sales estimate is $111.09 million and the lowest is $108.50 million. El Pollo LoCo reported sales of $101.16 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.1%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that El Pollo LoCo will report full year sales of $429.20 million for the current fiscal year, with estimates ranging from $426.37 million to $432.93 million. For the next financial year, analysts expect that the firm will post sales of $444.47 million per share, with estimates ranging from $436.70 million to $455.84 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for El Pollo LoCo.

El Pollo LoCo (NASDAQ:LOCO) last issued its earnings results on Thursday, August 2nd. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.22. The business had revenue of $111.60 million for the quarter, compared to analysts’ expectations of $111.70 million. El Pollo LoCo had a return on equity of 9.33% and a net margin of 0.85%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS.



A number of equities analysts recently issued reports on the company. TheStreet upgraded El Pollo LoCo from a “c” rating to a “b-” rating in a report on Friday, August 3rd. ValuEngine upgraded El Pollo LoCo from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 26th. BidaskClub upgraded El Pollo LoCo from a “sell” rating to a “hold” rating in a report on Friday, June 22nd. Zacks Investment Research upgraded El Pollo LoCo from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Tuesday, July 17th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $14.00 target price on shares of El Pollo LoCo in a report on Friday, July 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. El Pollo LoCo presently has a consensus rating of “Hold” and a consensus price target of $12.20.

Several hedge funds have recently modified their holdings of LOCO. Wells Fargo & Company MN grew its holdings in shares of El Pollo LoCo by 351.6% during the fourth quarter. Wells Fargo & Company MN now owns 129,529 shares of the restaurant operator’s stock valued at $1,282,000 after buying an additional 100,845 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of El Pollo LoCo by 5.7% during the fourth quarter. Bank of New York Mellon Corp now owns 276,069 shares of the restaurant operator’s stock valued at $2,732,000 after buying an additional 14,872 shares in the last quarter. BlackRock Inc. grew its holdings in shares of El Pollo LoCo by 2.5% during the fourth quarter. BlackRock Inc. now owns 2,869,119 shares of the restaurant operator’s stock valued at $28,404,000 after buying an additional 69,526 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of El Pollo LoCo by 16.2% during the fourth quarter. Geode Capital Management LLC now owns 229,314 shares of the restaurant operator’s stock valued at $2,269,000 after buying an additional 31,891 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of El Pollo LoCo by 299.4% during the fourth quarter. Renaissance Technologies LLC now owns 254,000 shares of the restaurant operator’s stock valued at $2,515,000 after buying an additional 190,400 shares in the last quarter. Institutional investors and hedge funds own 83.35% of the company’s stock.

Shares of NASDAQ LOCO remained flat at $$11.60 during mid-day trading on Tuesday. The company had a trading volume of 154,757 shares, compared to its average volume of 237,108. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.31. The firm has a market cap of $447.86 million, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.10 and a beta of 0.35. El Pollo LoCo has a twelve month low of $9.05 and a twelve month high of $12.55.

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 specializes in offering flame-grilled chicken. As of July 2, 2018, it had approximately 475 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, Utah, and Louisiana.

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