El Pollo Loco Holdings, Inc. (LOCO) Updates FY17 Earnings Guidance
El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $0.61-0.63 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.67.
A number of brokerages have commented on LOCO. Jefferies Group LLC reissued a buy rating on shares of El Pollo Loco Holdings in a research note on Wednesday, July 19th. BidaskClub cut shares of El Pollo Loco Holdings from a sell rating to a strong sell rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of El Pollo Loco Holdings from a sell rating to a hold rating in a research note on Wednesday, August 23rd. Finally, Morgan Stanley dropped their price objective on shares of El Pollo Loco Holdings from $14.00 to $13.00 and set an equal weight rating for the company in a research note on Monday, August 7th. One equities research 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 stock currently has an average rating of Hold and a consensus target price of $14.00.
El Pollo Loco Holdings (NASDAQ:LOCO) last announced its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. El Pollo Loco Holdings had a net margin of 4.66% and a return on equity of 9.56%. The firm had revenue of $105.60 million during the quarter, compared to analyst estimates of $105.83 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. El Pollo Loco Holdings’s quarterly revenue was up 8.3% on a year-over-year basis.
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.
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