Zacks Investment Research Lowers El Pollo LoCo (LOCO) to Hold

Zacks Investment Research lowered shares of El Pollo LoCo (NASDAQ:LOCO) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

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 analysts have also issued reports about the stock. BidaskClub lowered shares of El Pollo LoCo from a buy rating to a hold rating in a research note on Thursday, February 14th. ValuEngine lowered shares of El Pollo LoCo from a buy rating to a hold rating in a research note on Saturday, March 9th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $16.25.



NASDAQ LOCO opened at $12.57 on Tuesday. El Pollo LoCo has a 12 month low of $9.20 and a 12 month high of $18.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.38 and a current ratio of 0.27. The stock has a market capitalization of $502.01 million, a price-to-earnings ratio of 16.99, a P/E/G ratio of 1.75 and a beta of 0.34.

El Pollo LoCo (NASDAQ:LOCO) last posted its earnings results on Thursday, March 7th. The restaurant operator reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. El Pollo LoCo had a negative net margin of 2.06% and a positive return on equity of 10.47%. The company had revenue of $106.26 million for the quarter, compared to analysts’ expectations of $104.59 million. As a group, analysts predict that El Pollo LoCo will post 0.74 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. Quantamental Technologies LLC purchased a new stake in El Pollo LoCo during the fourth quarter worth about $79,000. LS Investment Advisors LLC increased its stake in El Pollo LoCo by 582.2% during the fourth quarter. LS Investment Advisors LLC now owns 5,389 shares of the restaurant operator’s stock worth $82,000 after purchasing an additional 4,599 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in El Pollo LoCo during the fourth quarter worth about $97,000. Metropolitan Life Insurance Co. NY increased its stake in El Pollo LoCo by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,667 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 5,988 shares during the period. Finally, Oregon Public Employees Retirement Fund purchased a new stake in El Pollo LoCo during the fourth quarter worth about $128,000. Institutional investors own 86.73% of the company’s stock.

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 February 18, 2019, it had approximately 480 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, Utah, and Louisiana.

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