El Pollo LoCo Holdings (LOCO) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS
El Pollo LoCo Holdings (NASDAQ:LOCO) announced its earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05, StockRatingsNetwork.com reports. The company had revenue of $81.40 million for the quarter, compared to the consensus estimate of $76.50 million. The company’s revenue for the quarter was up 6.3% on a year-over-year basis.
El Pollo LoCo Holdings (NASDAQ:LOCO) traded up 1.16% during mid-day trading on Thursday, hitting $34.79. 4,100,359 shares of the company’s stock traded hands. El Pollo LoCo Holdings has a 52-week low of $18.48 and a 52-week high of $41.70. The stock’s 50-day moving average is $33.58 and its 200-day moving average is $33.58. The company’s market cap is $1.247 billion. El Pollo LoCo Holdings also was the recipient of a significant increase in short interest during the month of 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 trading volume, of 5,456,882 shares, the days-to-cover ratio is currently 0.4 days. Approximately 34.6% of the shares of the stock are sold short.
A number of analysts have recently weighed in on LOCO shares. 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. On a related note, 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price 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.
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