Shares of El Pollo LoCo Holdings Inc (NASDAQ:LOCO) have been given an average rating of “Hold” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $15.50.
Several brokerages recently issued reports on LOCO. Zacks Investment Research lowered El Pollo LoCo from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine lowered El Pollo LoCo from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, BidaskClub upgraded El Pollo LoCo from a “strong sell” rating to a “sell” rating in a report on Saturday, August 3rd.
Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its holdings in shares of El Pollo LoCo by 20.9% during the fourth quarter. Bank of New York Mellon Corp now owns 317,185 shares of the restaurant operator’s stock worth $4,812,000 after acquiring an additional 54,801 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in El Pollo LoCo by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,036,011 shares of the restaurant operator’s stock valued at $30,886,000 after buying an additional 92,703 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in El Pollo LoCo during the fourth quarter valued at about $97,000. Martingale Asset Management L P raised its holdings in El Pollo LoCo by 98.1% during the first quarter. Martingale Asset Management L P now owns 136,311 shares of the restaurant operator’s stock valued at $1,774,000 after buying an additional 67,506 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in El Pollo LoCo by 13.8% during the fourth quarter. Millennium Management LLC now owns 147,524 shares of the restaurant operator’s stock valued at $2,238,000 after buying an additional 17,924 shares in the last quarter. Institutional investors and hedge funds own 96.75% of the company’s stock.
El Pollo LoCo (NASDAQ:LOCO) last released its earnings results on Thursday, August 1st. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. El Pollo LoCo had a positive return on equity of 10.49% and a negative net margin of 0.36%. The company had revenue of $113.74 million during the quarter, compared to analyst estimates of $113.74 million. During the same quarter in the prior year, the company earned $0.22 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts predict that El Pollo LoCo will post 0.7 earnings per share for the current year.
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.
Recommended Story: Institutional Investors
Receive News & Ratings for El Pollo LoCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for El Pollo LoCo and related companies with MarketBeat.com's FREE daily email newsletter.