El Pollo LoCo Holdings Research Coverage Started at Morgan Stanley (LOCO)
Equities researchers at Morgan Stanley assumed coverage on shares of El Pollo LoCo Holdings (NASDAQ:LOCO) in a research report issued on Tuesday. The firm set an “underweight” rating and a $22.00 price target on the stock. Morgan Stanley’s price target would indicate a potential downside of 33.73% from the stock’s previous close.
The analysts wrote, “For our bull case to unfold, LOCO would have to outperform our expectations on all measures, giving investors confidence in upside to initial growth targets while continuing to out-comp competitors.” Pollo Bueno: Base Case-$22 price target “Our base case assumes steady execution of the unit growth plan while maintaining healthy (low-to-midsingle) digit comps in the near term.” Pollo Muertos: Bear Case-$13 price target “Lower-than-expected volumes in new markets like Houston and sharply decelerating comps would signal more limited expansion opportunities, driving sharp multiple contraction.”
El Pollo LoCo Holdings (NASDAQ:LOCO) opened at 33.20 on Tuesday. El Pollo LoCo Holdings has a one year low of $18.48 and a one year high of $41.70. The stock’s 50-day moving average is $34.71 and its 200-day moving average is $34.71. The company’s market cap is $1.190 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Robert W. Baird initiated coverage on shares of El Pollo LoCo Holdings in a research note on Tuesday. They set a “neutral” rating and a $32.00 price target on the stock. Analysts at Jefferies Group initiated coverage on shares of El Pollo LoCo Holdings in a research note on Tuesday. They set a “hold” rating and a $30.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.50.
El Pollo Loco Holdings, Inc (NASDAQ:LOCO) develops, franchises, licenses and operates quick-service restaurants under the name El Pollo Loco and operates under one business segment.
Receive News & Ratings for El Pollo LoCo Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for El Pollo LoCo Holdings Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.