El Pollo LoCo (LOCO) Raised to “Hold” at Zacks Investment Research

El Pollo LoCo (NASDAQ:LOCO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.

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. “

Other research analysts also recently issued research reports about the company. SunTrust Banks reissued a “hold” rating and issued a $12.00 price target on shares of El Pollo LoCo in a report on Friday, November 3rd. Robert W. Baird reduced their price target on El Pollo LoCo from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. El Pollo LoCo has an average rating of “Hold” and a consensus target price of $13.00.

El Pollo LoCo (NASDAQ:LOCO) traded up $0.05 during mid-day trading on Thursday, hitting $10.85. The stock had a trading volume of 250,127 shares, compared to its average volume of 278,786. The company has a current ratio of 0.35, a quick ratio of 0.31 and a debt-to-equity ratio of 0.31. El Pollo LoCo has a fifty-two week low of $9.55 and a fifty-two week high of $14.85. The firm has a market capitalization of $419.39, a price-to-earnings ratio of 16.95, a P/E/G ratio of 1.06 and a beta of 0.30.

El Pollo LoCo (NASDAQ:LOCO) last issued its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The business had revenue of $101.16 million during the quarter, compared to analysts’ expectations of $103.71 million. El Pollo LoCo had a net margin of 2.27% and a return on equity of 9.14%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 EPS. research analysts expect that El Pollo LoCo will post 0.62 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund lifted its holdings in El Pollo LoCo by 229.8% during the 2nd quarter. New York State Common Retirement Fund now owns 68,594 shares of the restaurant operator’s stock worth $950,000 after buying an additional 47,793 shares during the last quarter. Trexquant Investment LP bought a new position in El Pollo LoCo during the 3rd quarter worth approximately $253,000. Dimensional Fund Advisors LP lifted its holdings in El Pollo LoCo by 23.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 526,346 shares of the restaurant operator’s stock worth $7,290,000 after buying an additional 98,391 shares during the last quarter. OxFORD Asset Management LLP lifted its holdings in El Pollo LoCo by 22.5% during the 3rd quarter. OxFORD Asset Management LLP now owns 292,812 shares of the restaurant operator’s stock worth $3,543,000 after buying an additional 53,730 shares during the last quarter. Finally, Personal Capital Advisors Corp lifted its holdings in El Pollo LoCo by 75.4% during the 3rd quarter. Personal Capital Advisors Corp now owns 74,651 shares of the restaurant operator’s stock worth $907,000 after buying an additional 32,082 shares during the last quarter. 78.11% of the stock is currently owned by institutional investors.

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About El Pollo LoCo

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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