El Pollo LoCo Holdings Inc (LOCO) Expected to Post Quarterly Sales of $95.00 Million

Brokerages forecast that El Pollo LoCo Holdings Inc (NASDAQ:LOCO) will announce $95.00 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for El Pollo LoCo’s earnings, with estimates ranging from $94.64 million to $95.40 million. El Pollo LoCo posted sales of $92.48 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.7%. The business is scheduled to announce its next quarterly earnings results on Thursday, March 8th.

On average, analysts expect that El Pollo LoCo will report full-year sales of $95.00 million for the current fiscal year, with estimates ranging from $401.13 million to $403.31 million. For the next financial year, analysts forecast that the firm will post sales of $423.31 million per share, with estimates ranging from $417.33 million to $431.17 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for El Pollo LoCo.

El Pollo LoCo (NASDAQ:LOCO) last released its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). The company 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%. El Pollo LoCo’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share.

Several research firms have issued reports on LOCO. Zacks Investment Research raised shares of El Pollo LoCo from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. SunTrust Banks reissued a “hold” rating and issued a $12.00 price objective on shares of El Pollo LoCo in a research report on Friday, November 3rd. Finally, Robert W. Baird lowered their price objective on shares of El Pollo LoCo from $15.00 to $12.00 and set a “neutral” rating for the company in a research 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 presently has an average rating of “Hold” and an average price target of $13.00.

Large investors have recently bought and sold shares of the company. Garner Asset Management Corp bought a new stake in shares of El Pollo LoCo in the 2nd quarter valued at about $145,000. BNP Paribas Arbitrage SA raised its holdings in shares of El Pollo LoCo by 103.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,188 shares of the restaurant operator’s stock valued at $136,000 after purchasing an additional 5,678 shares in the last quarter. Virtu KCG Holdings LLC bought a new stake in shares of El Pollo LoCo in the 2nd quarter valued at about $157,000. Thrivent Financial For Lutherans raised its holdings in shares of El Pollo LoCo by 6.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 12,940 shares of the restaurant operator’s stock valued at $179,000 after purchasing an additional 790 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of El Pollo LoCo by 849.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,048 shares of the restaurant operator’s stock valued at $206,000 after purchasing an additional 15,252 shares in the last quarter. Institutional investors and hedge funds own 78.11% of the company’s stock.

Shares of El Pollo LoCo (NASDAQ LOCO) opened at $10.40 on Friday. The stock has a market cap of $401.98, a PE ratio of 45.22, a price-to-earnings-growth ratio of 1.06 and a beta of 0.31. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.35 and a quick ratio of 0.31. El Pollo LoCo has a 52-week low of $9.55 and a 52-week high of $14.85.

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El Pollo LoCo 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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