El Pollo LoCo Holdings Target of Unusually High Options Trading (LOCO)
El Pollo LoCo Holdings (NASDAQ:LOCO) saw some unusual options trading on Thursday. Investors bought 9,780 call options on the stock, AnalystRatingsNetwork.com reports. This is an increase of approximately 393% compared to the typical daily volume of 1,984 call options.
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. 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 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 stock. El Pollo LoCo Holdings has a consensus rating of “Hold” and a consensus price target of $28.50.
El Pollo LoCo Holdings (NASDAQ:LOCO) traded up 1.16% on Thursday, hitting $34.79. 4,037,924 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 has a 50-day moving average of $33.58 and a 200-day moving average of $33.58. The company’s market cap is $1.247 billion.
El Pollo LoCo Holdings (NASDAQ:LOCO) last announced its earnings results on Thursday, September 4th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.05. The company had revenue of $81.40 million for the quarter, compared to the consensus estimate of $76.50 million. El Pollo LoCo Holdings’s revenue was up 6.3% compared to the same quarter last year. Analysts expect that El Pollo LoCo Holdings will post $0.54 EPS for the current fiscal year.
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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