El Pollo LoCo Holdings Inc (LOCO) Short Interest Up 34.9% in January

El Pollo LoCo Holdings Inc (NASDAQ:LOCO) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 2,399,768 shares, an increase of 34.9% from the January 12th total of 1,779,572 shares. Based on an average daily trading volume, of 394,724 shares, the days-to-cover ratio is currently 6.1 days. Currently, 11.0% of the shares of the company are short sold.

A number of equities analysts recently issued reports on the company. Zacks Investment Research raised El Pollo LoCo from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Wednesday, October 25th. Robert W. Baird lowered their price target on El Pollo LoCo from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $12.00 price objective on shares of El Pollo LoCo in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in El Pollo LoCo by 2.5% in the 4th quarter. BlackRock Inc. now owns 2,869,119 shares of the restaurant operator’s stock valued at $28,404,000 after purchasing an additional 69,526 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in El Pollo LoCo by 5.7% in the 4th quarter. Bank of New York Mellon Corp now owns 276,069 shares of the restaurant operator’s stock valued at $2,732,000 after purchasing an additional 14,872 shares in the last quarter. Rhumbline Advisers boosted its holdings in El Pollo LoCo by 16.7% in the 4th quarter. Rhumbline Advisers now owns 49,531 shares of the restaurant operator’s stock valued at $490,000 after purchasing an additional 7,094 shares in the last quarter. Arizona State Retirement System boosted its holdings in El Pollo LoCo by 224.8% in the 4th quarter. Arizona State Retirement System now owns 36,379 shares of the restaurant operator’s stock valued at $360,000 after purchasing an additional 25,179 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in El Pollo LoCo by 351.6% in the 4th quarter. Wells Fargo & Company MN now owns 129,529 shares of the restaurant operator’s stock valued at $1,282,000 after purchasing an additional 100,845 shares in the last quarter. 78.08% of the stock is currently owned by institutional investors.

Shares of El Pollo LoCo (NASDAQ LOCO) opened at $9.25 on Friday. El Pollo LoCo has a twelve month low of $9.05 and a twelve month high of $14.85. The firm has a market capitalization of $355.61, a P/E ratio of 40.22, a price-to-earnings-growth ratio of 0.87 and a beta of 0.34. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.35 and a quick ratio of 0.31.

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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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