El Pollo LoCo Holdings Inc (LOCO) Given Average Rating of “Hold” by Brokerages

El Pollo LoCo Holdings Inc (NASDAQ:LOCO) has been given an average recommendation of “Hold” by the seven brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $13.00.

Several analysts have recently weighed in on LOCO shares. Zacks Investment Research upgraded El Pollo LoCo from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Wednesday, October 25th. Robert W. Baird cut their price objective 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. Finally, SunTrust Banks restated a “hold” rating and issued a $12.00 price objective on shares of El Pollo LoCo in a report on Friday, November 3rd.

Shares of El Pollo LoCo (NASDAQ:LOCO) opened at $9.90 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.35 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $388.46, a price-to-earnings ratio of 45.00, a PEG ratio of 0.94 and a beta of 0.34. El Pollo LoCo has a twelve month low of $9.55 and a twelve month high of $14.85.

El Pollo LoCo (NASDAQ:LOCO) last announced its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). The firm had revenue of $101.16 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. analysts forecast that El Pollo LoCo will post 0.61 EPS for the current year.

Several institutional investors have recently made changes to their positions in LOCO. Schwab Charles Investment Management Inc. raised its position in shares of El Pollo LoCo by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 69,818 shares of the restaurant operator’s stock worth $967,000 after purchasing an additional 437 shares during the period. Legal & General Group Plc raised its position in shares of El Pollo LoCo by 9.8% during the second quarter. Legal & General Group Plc now owns 35,984 shares of the restaurant operator’s stock worth $498,000 after purchasing an additional 3,217 shares during the period. Wells Fargo & Company MN raised its position in shares of El Pollo LoCo by 2.5% during the second quarter. Wells Fargo & Company MN now owns 18,582 shares of the restaurant operator’s stock worth $258,000 after purchasing an additional 462 shares during the period. Teachers Advisors LLC raised its position in shares of El Pollo LoCo by 3.8% during the second quarter. Teachers Advisors LLC now owns 35,456 shares of the restaurant operator’s stock worth $491,000 after purchasing an additional 1,303 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in shares of El Pollo LoCo by 2.6% during the second quarter. TIAA CREF Investment Management LLC now owns 69,597 shares of the restaurant operator’s stock worth $964,000 after purchasing an additional 1,767 shares during the period. 78.08% of the stock is currently owned by institutional investors.

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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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