El Pollo LoCo (NASDAQ:LOCO) Rating Increased to Hold at Zacks Investment Research

El Pollo LoCo (NASDAQ:LOCO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday, 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. “

Other equities analysts also recently issued research reports about the company. ValuEngine downgraded El Pollo LoCo from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. BidaskClub raised El Pollo LoCo from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Four equities research analysts have rated the stock with a hold rating, El Pollo LoCo currently has a consensus rating of “Hold” and a consensus target price of $17.00.

Shares of LOCO traded up $0.34 during mid-day trading on Wednesday, hitting $11.24. 167,622 shares of the stock were exchanged, compared to its average volume of 469,807. The company has a market cap of $407.42 million, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.57 and a beta of 0.57. El Pollo LoCo has a 52-week low of $9.60 and a 52-week high of $18.47. The firm has a 50-day moving average of $10.66 and a two-hundred day moving average of $11.22. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.34 and a current ratio of 0.37.

El Pollo LoCo (NASDAQ:LOCO) last issued its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The business had revenue of $113.74 million for the quarter, compared to analysts’ expectations of $113.74 million. El Pollo LoCo had a positive return on equity of 10.49% and a negative net margin of 0.36%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. On average, sell-side analysts predict that El Pollo LoCo will post 0.7 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its position in shares of El Pollo LoCo by 2.6% during the 2nd quarter. Bessemer Group Inc. now owns 79,000 shares of the restaurant operator’s stock valued at $842,000 after purchasing an additional 2,000 shares during the last quarter. Sapience Investments LLC bought a new position in shares of El Pollo LoCo during the 2nd quarter valued at approximately $7,005,000. Investment Counselors of Maryland LLC increased its position in shares of El Pollo LoCo by 66.4% during the 2nd quarter. Investment Counselors of Maryland LLC now owns 1,430,820 shares of the restaurant operator’s stock valued at $15,253,000 after purchasing an additional 571,125 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of El Pollo LoCo during the 1st quarter valued at approximately $144,000. Finally, Comerica Bank increased its position in shares of El Pollo LoCo by 4.8% during the 1st quarter. Comerica Bank now owns 23,133 shares of the restaurant operator’s stock valued at $295,000 after purchasing an additional 1,051 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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