Biglari Sardar Has $6.70 Million Stock Holdings in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO)

Biglari Sardar raised its position in shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO - Free Report) by 307.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 489,247 shares of the restaurant operator's stock after purchasing an additional 369,247 shares during the quarter. El Pollo Loco accounts for 14.2% of Biglari Sardar's investment portfolio, making the stock its 3rd biggest holding. Biglari Sardar owned about 1.63% of El Pollo Loco worth $6,703,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of El Pollo Loco by 91.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,094 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 1,002 shares during the last quarter. Quarry LP acquired a new stake in El Pollo Loco during the second quarter valued at $30,000. nVerses Capital LLC purchased a new position in El Pollo Loco in the third quarter valued at about $45,000. CWM LLC increased its position in El Pollo Loco by 34.1% in the 2nd quarter. CWM LLC now owns 3,808 shares of the restaurant operator's stock worth $43,000 after purchasing an additional 969 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of El Pollo Loco during the 3rd quarter worth about $120,000. Hedge funds and other institutional investors own 81.28% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised El Pollo Loco from a "hold" rating to a "buy" rating in a research note on Friday, November 8th.

El Pollo Loco Stock Down 0.6 %

Shares of El Pollo Loco stock traded down $0.07 during midday trading on Monday, reaching $12.65. 120,558 shares of the company's stock traded hands, compared to its average volume of 271,046. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.29 and a current ratio of 0.31. El Pollo Loco Holdings, Inc. has a 52 week low of $8.17 and a 52 week high of $14.25. The company's 50 day simple moving average is $12.94 and its 200 day simple moving average is $12.22. The company has a market cap of $378.74 million, a price-to-earnings ratio of 16.10 and a beta of 1.50.

El Pollo Loco (NASDAQ:LOCO - Get Free Report) last posted its earnings results on Thursday, October 31st. The restaurant operator reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $120.40 million for the quarter, compared to analyst estimates of $121.03 million. El Pollo Loco had a return on equity of 10.34% and a net margin of 5.11%. The business's revenue was up .0% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. Equities analysts expect that El Pollo Loco Holdings, Inc. will post 0.83 earnings per share for the current fiscal year.

El Pollo Loco 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. It operates and franchises restaurants located in California, Nevada, Arizona, Texas, Colorado, Utah, and Louisiana. It also licenses its brand to restaurants in the Philippines.