El Pollo LoCo (LOCO) Upgraded at BidaskClub

El Pollo LoCo (NASDAQ:LOCO) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other analysts have also recently commented on the stock. ValuEngine upgraded shares of El Pollo LoCo from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $14.00 target price on shares of El Pollo LoCo in a research note on Friday, July 13th. Zacks Investment Research raised shares of El Pollo LoCo from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. TheStreet raised shares of El Pollo LoCo from a “c” rating to a “b-” rating in a research note on Friday, August 3rd. Finally, Guggenheim upped their target price on shares of El Pollo LoCo from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.00.

LOCO opened at $12.31 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.51 and a quick ratio of 0.47. El Pollo LoCo has a 12 month low of $9.05 and a 12 month high of $14.40. The firm has a market capitalization of $484.54 million, a P/E ratio of 19.54, a PEG ratio of 1.18 and a beta of 0.36.

El Pollo LoCo (NASDAQ:LOCO) last released its quarterly earnings data on Thursday, August 2nd. The restaurant operator reported $0.22 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.22. El Pollo LoCo had a net margin of 0.85% and a return on equity of 9.33%. The business had revenue of $111.60 million during the quarter, compared to analysts’ expectations of $111.70 million. During the same quarter in the prior year, the company earned $0.21 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts forecast that El Pollo LoCo will post 0.71 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Trexquant Investment LP acquired a new position in El Pollo LoCo in the 2nd quarter worth $121,000. Engineers Gate Manager LP acquired a new position in El Pollo LoCo in the 2nd quarter worth $124,000. SG Americas Securities LLC acquired a new position in El Pollo LoCo in the 2nd quarter worth $128,000. Aperio Group LLC acquired a new position in El Pollo LoCo in the 2nd quarter worth $133,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in El Pollo LoCo by 86.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,675 shares of the restaurant operator’s stock worth $236,000 after purchasing an additional 9,600 shares during the period. 84.43% of the stock is owned by hedge funds and other institutional investors.

El Pollo LoCo Company Profile

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 specializes in offering flame-grilled chicken. As of August 20, 2018, it had approximately 480 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, Utah, and Louisiana.

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Analyst Recommendations for El Pollo LoCo (NASDAQ:LOCO)

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