JPMorgan Chase & Co. raised its position in shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 456,432 shares of the restaurant operator's stock after acquiring an additional 45,134 shares during the period. JPMorgan Chase & Co. owned approximately 1.52% of El Pollo Loco worth $5,267,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in LOCO. William Blair Investment Management LLC increased its holdings in El Pollo Loco by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 1,406,454 shares of the restaurant operator's stock valued at $16,230,000 after purchasing an additional 34,399 shares in the last quarter. State Street Corp boosted its position in shares of El Pollo Loco by 2.5% in the third quarter. State Street Corp now owns 593,425 shares of the restaurant operator's stock worth $8,130,000 after buying an additional 14,692 shares during the period. First Eagle Investment Management LLC grew its stake in shares of El Pollo Loco by 54.0% in the fourth quarter. First Eagle Investment Management LLC now owns 453,422 shares of the restaurant operator's stock valued at $5,232,000 after buying an additional 159,000 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of El Pollo Loco by 332.2% during the 4th quarter. Prudential Financial Inc. now owns 289,739 shares of the restaurant operator's stock valued at $3,344,000 after buying an additional 222,704 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in El Pollo Loco by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 198,267 shares of the restaurant operator's stock worth $2,288,000 after acquiring an additional 1,450 shares in the last quarter. 81.28% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
LOCO has been the subject of several recent research reports. Benchmark reiterated a "hold" rating on shares of El Pollo Loco in a research note on Monday, March 10th. StockNews.com raised shares of El Pollo Loco from a "hold" rating to a "buy" rating in a report on Wednesday, April 9th. Finally, Craig Hallum assumed coverage on shares of El Pollo Loco in a report on Tuesday, March 11th. They issued a "buy" rating and a $18.00 price objective on the stock.
Read Our Latest Research Report on LOCO
El Pollo Loco Stock Up 2.0 %
Shares of NASDAQ:LOCO traded up $0.19 during midday trading on Wednesday, reaching $9.64. The company had a trading volume of 33,275 shares, compared to its average volume of 274,078. The stock has a market capitalization of $289.75 million, a P/E ratio of 12.20 and a beta of 1.35. The stock's fifty day moving average price is $10.51 and its 200-day moving average price is $11.65. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.29. El Pollo Loco Holdings, Inc. has a one year low of $8.24 and a one year high of $14.25.
El Pollo Loco (NASDAQ:LOCO - Get Free Report) last released its earnings results on Thursday, March 6th. The restaurant operator reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.06. The company had revenue of $114.28 million during the quarter, compared to the consensus estimate of $113.19 million. El Pollo Loco had a net margin of 5.11% and a return on equity of 10.34%. Equities research analysts expect that El Pollo Loco Holdings, Inc. will post 0.83 earnings per share for the current fiscal year.
About El Pollo Loco
(
Free Report)
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.
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