El Pollo LoCo Holdings Target of Unusually Large Options Trading (LOCO)
Shares of El Pollo LoCo Holdings (NASDAQ:LOCO) were the target of some unusual options trading on Thursday. Investors purchased 9,004 put options on the stock, AnalystRatingsNetwork reports. This represents an increase of 469% compared to the typical volume of 1,583 put options.
Several analysts have recently commented on the stock. 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 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 an average rating of “Hold” and a consensus target price of $28.50.
Shares of El Pollo LoCo Holdings (NASDAQ:LOCO) traded up 1.16% on Thursday, hitting $34.79. The stock had a trading volume of 4,191,956 shares. 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 released its earnings data 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. The company’s quarterly revenue was up 6.3% on a year-over-year basis. 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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