El Pollo LoCo Holdings Inc (NASDAQ:LOCO) Receives $15.33 Average Price Target from Analysts

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Shares of El Pollo LoCo Holdings Inc (NASDAQ:LOCO) have been given a consensus rating of “Buy” by the six research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $15.33.

LOCO has been the subject of a number of research analyst reports. ValuEngine raised shares of El Pollo LoCo from a “hold” rating to a “buy” rating in a report on Monday, November 4th. SunTrust Banks raised their target price on shares of El Pollo LoCo to $14.00 and gave the stock a “hold” rating in a report on Friday, November 1st. BidaskClub cut shares of El Pollo LoCo from a “buy” rating to a “hold” rating in a report on Saturday, November 16th. Zacks Investment Research raised shares of El Pollo LoCo from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Tuesday, November 26th. Finally, Guggenheim set a $15.00 target price on shares of El Pollo LoCo and gave the stock a “buy” rating in a report on Friday, November 1st.

Several institutional investors have recently modified their holdings of LOCO. 6 Meridian raised its position in El Pollo LoCo by 5.0% in the 2nd quarter. 6 Meridian now owns 30,446 shares of the restaurant operator’s stock valued at $325,000 after purchasing an additional 1,458 shares during the last quarter. Investment Counselors of Maryland LLC grew its position in El Pollo LoCo by 66.4% in the second quarter. Investment Counselors of Maryland LLC now owns 1,430,820 shares of the restaurant operator’s stock valued at $15,253,000 after acquiring an additional 571,125 shares during the period. JPMorgan Chase & Co. grew its position in El Pollo LoCo by 24.9% in the second quarter. JPMorgan Chase & Co. now owns 14,586 shares of the restaurant operator’s stock valued at $155,000 after acquiring an additional 2,909 shares during the period. Bank of Montreal Can bought a new stake in El Pollo LoCo in the second quarter valued at $29,000. Finally, Charles Schwab Investment Management Inc. grew its position in El Pollo LoCo by 1.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 130,275 shares of the restaurant operator’s stock valued at $1,389,000 after acquiring an additional 1,789 shares during the period. 98.86% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ LOCO traded down $0.02 during midday trading on Friday, reaching $16.10. The company had a trading volume of 99,715 shares, compared to its average volume of 442,071. The business’s 50-day simple moving average is $13.69 and its 200 day simple moving average is $11.46. The stock has a market cap of $560.87 million, a P/E ratio of 21.76, a P/E/G ratio of 2.22 and a beta of 0.78. El Pollo LoCo has a 1 year low of $9.60 and a 1 year high of $18.47. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.25.

El Pollo LoCo (NASDAQ:LOCO) last posted its quarterly earnings results on Thursday, October 31st. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The business had revenue of $112.10 million during the quarter, compared to analysts’ expectations of $110.21 million. El Pollo LoCo had a negative net margin of 0.46% and a positive return on equity of 10.85%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company posted $0.19 earnings per share. Analysts predict that El Pollo LoCo will post 0.73 earnings per share for the current year.

About El Pollo LoCo

El Pollo Loco Holdings, Inc, through its subsidiary El Pollo Loco, Inc, develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name. The company offers citrus-marinated, flame-grilled chicken, and handcrafted entrée products, including specialty chicken burritos, chicken quesadillas, and chicken tortilla soup, as well as under 500 calorie entrees, and Pollo Bowl and Pollo salad products.

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