El Pollo LoCo (LOCO) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of El Pollo LoCo (NASDAQ:LOCO) from a sell rating to a hold rating in a research note issued to investors on Friday, Zacks.com reports.

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. “

A number of other research analysts also recently commented on LOCO. BidaskClub downgraded El Pollo LoCo from a hold rating to a sell rating in a report on Thursday, April 4th. ValuEngine downgraded El Pollo LoCo from a buy rating to a hold rating in a report on Saturday, March 9th. Finally, TheStreet downgraded El Pollo LoCo from a b rating to a c rating in a report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $16.25.



NASDAQ:LOCO opened at $11.74 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.24 and a current ratio of 0.28. El Pollo LoCo has a 52 week low of $10.05 and a 52 week high of $18.47. The company has a market cap of $456.93 million, a price-to-earnings ratio of 15.86, a PEG ratio of 1.64 and a beta of 0.31.

El Pollo LoCo (NASDAQ:LOCO) last released its earnings results on Thursday, May 2nd. The restaurant operator reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). El Pollo LoCo had a positive return on equity of 10.29% and a negative net margin of 2.42%. The firm had revenue of $108.98 million for the quarter, compared to the consensus estimate of $109.42 million. During the same period in the prior year, the business earned $0.17 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, research analysts forecast that El Pollo LoCo will post 0.72 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its position in shares of El Pollo LoCo by 253.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,981 shares of the restaurant operator’s stock worth $65,000 after purchasing an additional 3,573 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of El Pollo LoCo during the 4th quarter worth approximately $79,000. Tyers Asset Management LLC acquired a new stake in shares of El Pollo LoCo during the 1st quarter worth approximately $68,000. LS Investment Advisors LLC raised its position in shares of El Pollo LoCo by 582.2% during the 4th 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. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of El Pollo LoCo during the 4th quarter worth approximately $97,000. Institutional investors and hedge funds own 87.74% 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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