El Pollo Loco Holdings, Inc. to Post Q3 2017 Earnings of $0.18 Per Share, Jefferies Group Forecasts (NASDAQ:LOCO)
El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) – Stock analysts at Jefferies Group dropped their Q3 2017 earnings per share (EPS) estimates for El Pollo Loco Holdings in a research note issued on Friday. Jefferies Group analyst A. Barish now anticipates that the restaurant operator will post earnings per share of $0.18 for the quarter, down from their prior forecast of $0.20. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for El Pollo Loco Holdings’ Q4 2017 earnings at $0.12 EPS, Q1 2018 earnings at $0.17 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.19 EPS and Q4 2018 earnings at $0.13 EPS.
El Pollo Loco Holdings (NASDAQ:LOCO) last posted its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The business had revenue of $105.60 million for the quarter, compared to the consensus estimate of $105.83 million. El Pollo Loco Holdings had a return on equity of 9.51% and a net margin of 4.61%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 EPS. TRADEMARK VIOLATION NOTICE: This news story was first published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/08/07/el-pollo-loco-holdings-inc-to-post-q3-2017-earnings-of-0-18-per-share-jefferies-group-forecasts-nasdaqloco.html.
LOCO has been the topic of a number of other research reports. TheStreet upgraded El Pollo Loco Holdings from a “d+” rating to a “c-” rating in a research report on Thursday, April 20th. Zacks Investment Research upgraded El Pollo Loco Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. BidaskClub cut El Pollo Loco Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Robert W. Baird lifted their target price on El Pollo Loco Holdings from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.25.
Shares of El Pollo Loco Holdings (NASDAQ LOCO) opened at 12.10 on Monday. El Pollo Loco Holdings has a 1-year low of $10.08 and a 1-year high of $14.85. The firm’s 50-day moving average price is $13.69 and its 200 day moving average price is $12.89. The stock has a market cap of $465.45 million, a P/E ratio of 26.89 and a beta of 0.31.
Hedge funds have recently bought and sold shares of the company. State Street Corp boosted its stake in El Pollo Loco Holdings by 10.1% in the fourth quarter. State Street Corp now owns 380,158 shares of the restaurant operator’s stock worth $4,679,000 after buying an additional 34,822 shares during the period. Blair William & Co. IL boosted its stake in El Pollo Loco Holdings by 344.4% in the first quarter. Blair William & Co. IL now owns 91,399 shares of the restaurant operator’s stock worth $1,142,000 after buying an additional 70,830 shares during the period. Oxford Asset Management purchased a new stake in El Pollo Loco Holdings during the first quarter worth approximately $1,547,000. OppenheimerFunds Inc. boosted its stake in El Pollo Loco Holdings by 44.6% in the first quarter. OppenheimerFunds Inc. now owns 25,828 shares of the restaurant operator’s stock worth $309,000 after buying an additional 7,971 shares during the period. Finally, Comerica Bank boosted its stake in El Pollo Loco Holdings by 4.0% in the first quarter. Comerica Bank now owns 23,718 shares of the restaurant operator’s stock worth $302,000 after buying an additional 916 shares during the period. Institutional investors and hedge funds own 77.43% of the company’s stock.
El Pollo Loco Holdings Company Profile
El Pollo Loco Holdings, Inc specializes in fire-grilling citrus-marinated chicken and operates in the limited service restaurant (LSR) segment. The Company’s menu features its signature product, citrus-marinated fire-grilled chicken, and a range of Mexican-inspired entrees that it creates from chicken.
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