El Pollo LoCo (NASDAQ:LOCO) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
LOCO has been the subject of several other research reports. Zacks Investment Research raised shares of El Pollo LoCo from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Morgan Stanley reaffirmed an “equal weight” rating and set a $11.00 price objective (down previously from $12.00) on shares of El Pollo LoCo in a research note on Monday. Finally, SunTrust Banks set a $11.00 price objective on shares of El Pollo LoCo and gave the company a “hold” rating in a research note on Thursday, March 8th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.40.
El Pollo LoCo (NASDAQ:LOCO) traded down $0.40 on Wednesday, hitting $10.30. 625,372 shares of the stock traded hands, compared to its average volume of 467,735. The stock has a market capitalization of $405.84, a P/E ratio of 58.33, a price-to-earnings-growth ratio of 1.01 and a beta of 0.33. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.09 and a quick ratio of 0.31. El Pollo LoCo has a 52-week low of $9.05 and a 52-week high of $14.85.
A number of large investors have recently modified their holdings of LOCO. Royce & Associates LP purchased a new position in El Pollo LoCo during the third quarter valued at approximately $7,008,000. Renaissance Technologies LLC grew its stake in El Pollo LoCo by 299.4% during the fourth quarter. Renaissance Technologies LLC now owns 254,000 shares of the restaurant operator’s stock valued at $2,515,000 after acquiring an additional 190,400 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in El Pollo LoCo by 33.5% during the third quarter. Dimensional Fund Advisors LP now owns 702,559 shares of the restaurant operator’s stock valued at $8,536,000 after acquiring an additional 176,213 shares in the last quarter. Deutsche Bank AG grew its stake in El Pollo LoCo by 415.1% during the fourth quarter. Deutsche Bank AG now owns 170,069 shares of the restaurant operator’s stock valued at $1,682,000 after acquiring an additional 137,051 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in El Pollo LoCo by 106.4% in the 4th quarter. Two Sigma Investments LP now owns 227,361 shares of the restaurant operator’s stock worth $2,251,000 after buying an additional 117,194 shares in the last quarter. 78.94% of the stock is 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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