El Pollo Loco Holdings, Inc. (LOCO) Stock Rating Lowered by Zacks Investment Research

El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, November 7th.

According to Zacks, “El Pollo Loco Holdings, Inc., through its subsidiary, develops, franchises, licenses and operates quick-service restaurants under the name El Pollo Loco. The restaurants specializes in flame-grilled chicken in a variety of contemporary Mexican-influenced entrees, including specialty chicken burritos, chicken quesadillas, chicken tortilla soup, Pollo Bowls and Pollo Salads. El Pollo Loco Holdings, Inc. is headquartered in Costa Mesa, California. “

Several other research firms also recently issued reports on LOCO. Jefferies Group LLC restated a “buy” rating on shares of El Pollo Loco in a report on Wednesday, July 19th. BidaskClub downgraded El Pollo Loco from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Morgan Stanley dropped their price objective on El Pollo Loco from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, August 7th. Robert W. Baird dropped their price objective 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, Inc. restated a “hold” rating and set a $12.00 price objective on shares of El Pollo Loco in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $13.00.

Shares of El Pollo Loco (LOCO) traded down $0.05 during trading hours on Tuesday, hitting $10.10. The company had a trading volume of 216,501 shares, compared to its average volume of 383,815. The stock has a market cap of $390.40, a P/E ratio of 15.78, a P/E/G ratio of 1.09 and a beta of 0.35. The company has a current ratio of 0.35, a quick ratio of 0.31 and a debt-to-equity ratio of 0.31. El Pollo Loco has a 1-year low of $9.55 and a 1-year high of $14.85.

El Pollo Loco (NASDAQ:LOCO) last announced its earnings results on Thursday, November 2nd. The restaurant operator reported $0.15 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.03). The company had revenue of $101.16 million for 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%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 earnings per share. equities research analysts expect that El Pollo Loco will post 0.62 EPS for the current year.

A number of hedge funds have recently bought and sold shares of LOCO. Bank of New York Mellon Corp increased its holdings in shares of El Pollo Loco by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 272,776 shares of the restaurant operator’s stock valued at $3,260,000 after acquiring an additional 5,587 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of El Pollo Loco by 4.6% in the 1st quarter. Ameriprise Financial Inc. now owns 111,930 shares of the restaurant operator’s stock valued at $1,337,000 after acquiring an additional 4,895 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of El Pollo Loco by 18.4% in the 1st quarter. Alliancebernstein L.P. now owns 16,110 shares of the restaurant operator’s stock valued at $193,000 after acquiring an additional 2,500 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in shares of El Pollo Loco by 44.6% in the 1st quarter. OppenheimerFunds Inc. now owns 25,828 shares of the restaurant operator’s stock valued at $309,000 after acquiring an additional 7,971 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of El Pollo Loco by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 163,532 shares of the restaurant operator’s stock valued at $1,954,000 after acquiring an additional 5,527 shares during the last quarter. Institutional investors own 79.59% of the company’s stock.

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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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