El Pollo LoCo Holdings’ Quiet Period Set To End Tomorrow (NASDAQ:LOCO)
El Pollo LoCo Holdings’ (NASDAQ:LOCO) quiet period is set to end on Wednesday, September 3rd. El Pollo LoCo Holdings had issued 7,142,857 shares in its public offering on July 25th, Analyst Ratings Network reports. The total size of the offering was $107,142,855 based on an initial share price of $15.00. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
LOCO has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of El Pollo LoCo Holdings in a research note on Tuesday, August 19th. They set a “hold” rating and a $30.00 price target on the stock. Separately, analysts at William Blair initiated coverage on shares of El Pollo LoCo Holdings in a research note on Tuesday, August 19th. They set an “outperform” rating on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of El Pollo LoCo Holdings in a research note on Tuesday, August 19th. They set an “underweight” rating and a $22.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $28.50.
Shares of El Pollo LoCo Holdings (NASDAQ:LOCO) traded down 0.09% on Tuesday, hitting $32.2803. The stock had a trading volume of 303,993 shares. El Pollo LoCo Holdings has a 1-year low of $18.48 and a 1-year high of $41.70. The stock has a 50-day moving average of $33.45 and a 200-day moving average of $33.45. The company’s market cap is $1.158 billion. El Pollo LoCo Holdings also was the recipient of a significant increase in short interest in August. As of August 15th, there was short interest totalling 2,071,978 shares, an increase of 130.2% from the July 31st total of 900,173 shares. Based on an average daily volume of 5,456,882 shares, the short-interest ratio is presently 0.4 days. Approximately 34.6% of the company’s stock are sold short.
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.
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