El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $14.00 target price on the restaurant operator’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 14.75% from the stock’s previous close.

According to Zacks, “El Pollo Loco Holdings, Inc., through its subsidiary, develops, franchises, licenses and operates quick-service restaurants under the name El Pollo Loco. The restaurants specializes in flame-grilled chicken in a variety of contemporary Mexican-influenced entrees, including specialty chicken burritos, chicken quesadillas, chicken tortilla soup, Pollo Bowls and Pollo Salads. El Pollo Loco Holdings, Inc. is headquartered in Costa Mesa, California. “

A number of other research analysts have also commented on LOCO. BidaskClub lowered El Pollo Loco Holdings from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Morgan Stanley decreased their price objective on El Pollo Loco Holdings from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, August 7th. Jefferies Group LLC reaffirmed a “buy” rating on shares of El Pollo Loco Holdings in a report on Wednesday, July 19th. Finally, Robert W. Baird upped their price objective on El Pollo Loco Holdings from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $14.25.

Shares of El Pollo Loco Holdings (LOCO) remained flat at $12.20 on Wednesday. The company’s stock had a trading volume of 92,897 shares. El Pollo Loco Holdings has a 52-week low of $10.08 and a 52-week high of $14.85. The firm has a market capitalization of $471.54 million, a price-to-earnings ratio of 26.52 and a beta of 0.36. The stock has a 50-day moving average price of $11.66 and a 200-day moving average price of $12.72.

El Pollo Loco Holdings (NASDAQ:LOCO) last issued its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. El Pollo Loco Holdings had a return on equity of 9.56% and a net margin of 4.66%. The firm had revenue of $105.60 million for the quarter, compared to analyst estimates of $105.83 million. During the same period in the prior year, the firm posted $0.19 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities research analysts anticipate that El Pollo Loco Holdings will post $0.67 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “El Pollo Loco Holdings, Inc. (LOCO) Upgraded by Zacks Investment Research to “Buy”” was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece on another website, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/10/04/el-pollo-loco-holdings-inc-loco-upgraded-by-zacks-investment-research-to-buy.html.

Several large investors have recently added to or reduced their stakes in LOCO. Bank of New York Mellon Corp lifted its position in shares of El Pollo Loco Holdings by 2.1% during the 1st quarter. Bank of New York Mellon Corp now owns 272,776 shares of the restaurant operator’s stock valued at $3,260,000 after acquiring an additional 5,587 shares during the period. Comerica Bank lifted its position in shares of El Pollo Loco Holdings by 4.0% during the 1st quarter. Comerica Bank now owns 23,718 shares of the restaurant operator’s stock valued at $302,000 after acquiring an additional 916 shares during the period. Ameriprise Financial Inc. lifted its position in shares of El Pollo Loco Holdings by 4.6% during the 1st quarter. Ameriprise Financial Inc. now owns 111,930 shares of the restaurant operator’s stock valued at $1,337,000 after acquiring an additional 4,895 shares during the period. State of Tennessee Treasury Department lifted its position in shares of El Pollo Loco Holdings by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 20,022 shares of the restaurant operator’s stock valued at $239,000 after acquiring an additional 3,022 shares during the period. Finally, Arizona State Retirement System lifted its position in shares of El Pollo Loco Holdings by 0.9% during the 1st quarter. Arizona State Retirement System now owns 11,200 shares of the restaurant operator’s stock valued at $134,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 77.16% of the company’s stock.

About El Pollo Loco Holdings

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.

Get a free copy of the Zacks research report on El Pollo Loco Holdings (LOCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for El Pollo Loco Holdings (NASDAQ: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.