El Pollo Loco Holdings, Inc. (LOCO) Releases Earnings Results, Misses Expectations By $0.03 EPS
El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) posted its earnings results on Thursday. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03), Bloomberg Earnings reports. El Pollo Loco Holdings had a net margin of 2.27% and a return on equity of 9.17%. The company had revenue of $101.16 million during the quarter, compared to analyst estimates of $103.71 million. During the same quarter last year, the business posted $0.18 EPS. El Pollo Loco Holdings’s quarterly revenue was up 5.6% compared to the same quarter last year. El Pollo Loco Holdings updated its FY17 guidance to $0.61-0.63 EPS.
Shares of El Pollo Loco Holdings (NASDAQ:LOCO) traded down $1.45 during midday trading on Friday, reaching $9.80. The company’s stock had a trading volume of 2,310,000 shares, compared to its average volume of 220,108. El Pollo Loco Holdings has a 12-month low of $9.75 and a 12-month high of $14.85. The company has a current ratio of 0.32, a quick ratio of 0.29 and a debt-to-equity ratio of 0.34. The firm has a market cap of $378.79, a price-to-earnings ratio of 17.58, a PEG ratio of 1.13 and a beta of 0.35.
LOCO has been the subject of a number of recent research reports. BidaskClub lowered El Pollo Loco Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded El Pollo Loco Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reiterated a “buy” rating and issued a $15.00 target price on shares of El Pollo Loco Holdings in a research note on Tuesday, August 22nd. Morgan Stanley lowered their target price on 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. Finally, Robert W. Baird lowered their target price on El Pollo Loco Holdings from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.00.
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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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