El Pollo Loco Holdings Inc. (LOCO) Stock Rating Lowered by Stifel Nicolaus
El Pollo Loco Holdings Inc. (NASDAQ:LOCO) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Tuesday.
LOCO has been the topic of a number of other reports. Robert W. Baird reissued a “hold” rating on shares of El Pollo Loco Holdings in a report on Monday, May 16th. Jefferies Group reissued a “buy” rating and set a $17.00 target price on shares of El Pollo Loco Holdings in a report on Friday, May 6th. Zacks Investment Research lowered El Pollo Loco Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 14th. Vetr lowered El Pollo Loco Holdings from a “hold” rating to a “sell” rating and set a $12.74 target price on the stock. in a report on Monday, July 11th. Finally, SunTrust Banks Inc. lowered El Pollo Loco Holdings from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $16.00 to $15.00 in a report on Wednesday, April 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $15.53.
Shares of El Pollo Loco Holdings (NASDAQ:LOCO) traded down 1.34% during mid-day trading on Tuesday, reaching $11.74. The company’s stock had a trading volume of 442,906 shares. The firm has a market cap of $451.04 million, a price-to-earnings ratio of 19.90 and a beta of 0.21. El Pollo Loco Holdings has a 52-week low of $9.58 and a 52-week high of $15.44. The firm has a 50 day moving average price of $13.27 and a 200 day moving average price of $12.87.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/09/el-pollo-loco-holdings-inc-loco-stock-rating-lowered-by-stifel-nicolaus.html
El Pollo Loco Holdings (NASDAQ:LOCO) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The firm had revenue of $97.50 million for the quarter, compared to analyst estimates of $96.66 million. El Pollo Loco Holdings had a return on equity of 11.01% and a net margin of 6.20%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 EPS. On average, equities analysts predict that El Pollo Loco Holdings will post $0.70 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. SG Capital Management LLC bought a new stake in El Pollo Loco Holdings during the second quarter worth $10,089,000. Lord Abbett & CO. LLC increased its stake in El Pollo Loco Holdings by 30.7% in the second quarter. Lord Abbett & CO. LLC now owns 1,415,252 shares of the company’s stock worth $18,398,000 after buying an additional 332,341 shares during the last quarter. Renaissance Technologies LLC bought a new stake in El Pollo Loco Holdings during the first quarter worth $3,626,000. FMR LLC increased its stake in El Pollo Loco Holdings by 21.4% in the second quarter. FMR LLC now owns 1,373,400 shares of the company’s stock worth $17,854,000 after buying an additional 241,674 shares during the last quarter. Finally, Champlain Investment Partners LLC increased its stake in El Pollo Loco Holdings by 21.5% in the first quarter. Champlain Investment Partners LLC now owns 1,347,375 shares of the company’s stock worth $17,974,000 after buying an additional 238,310 shares during the last quarter. Hedge funds and other institutional investors own 73.49% of the company’s stock.
About El Pollo Loco Holdings
El Pollo Loco Holdings, Inc is a restaurant concept that offers fire-grilling citrus-marinated chicken. The Company operates in the limited service restaurant segment. The Company’s activities are conducted through its subsidiary, El Pollo Loco, Inc (EPL), which develops, franchises, licenses and operates quick-service restaurants under the name El Pollo Loco.
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 MarketBeat.com's FREE daily email newsletter.