El Pollo Loco (NASDAQ:LOCO - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Tuesday.
Several other equities analysts also recently weighed in on LOCO. Craig Hallum initiated coverage on shares of El Pollo Loco in a research note on Tuesday, March 11th. They issued a "buy" rating and a $18.00 price target on the stock. Benchmark reissued a "hold" rating on shares of El Pollo Loco in a research note on Monday, March 10th.
Check Out Our Latest Analysis on LOCO
El Pollo Loco Price Performance
El Pollo Loco stock traded down $0.75 during midday trading on Tuesday, reaching $9.30. The company had a trading volume of 616,120 shares, compared to its average volume of 268,414. 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 has a 12-month low of $8.17 and a 12-month high of $14.25. The company has a market capitalization of $276.93 million, a P/E ratio of 11.77 and a beta of 1.35. The firm's fifty day simple moving average is $11.19 and its 200-day simple moving average is $12.02.
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, beating the consensus estimate of $0.14 by $0.06. El Pollo Loco had a return on equity of 10.34% and a net margin of 5.11%. The business had revenue of $114.28 million for the quarter, compared to the consensus estimate of $113.19 million. As a group, equities analysts anticipate that El Pollo Loco will post 0.83 EPS for the current year.
Hedge Funds Weigh In On El Pollo Loco
Hedge funds have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. lifted its position in 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 valued at $29,000 after buying an additional 1,002 shares during the last quarter. Centiva Capital LP purchased a new position in shares of El Pollo Loco during the 3rd quarter worth approximately $153,000. Point72 DIFC Ltd acquired a new stake in El Pollo Loco in the 3rd quarter valued at approximately $27,000. State Street Corp raised its position in El Pollo Loco by 2.5% in the third quarter. State Street Corp now owns 593,425 shares of the restaurant operator's stock valued at $8,130,000 after purchasing an additional 14,692 shares during the period. Finally, Jane Street Group LLC lifted its stake in El Pollo Loco by 99.2% during the third quarter. Jane Street Group LLC now owns 60,541 shares of the restaurant operator's stock worth $829,000 after purchasing an additional 30,143 shares in the last quarter. 81.28% of the stock is currently owned by hedge funds and other institutional investors.
El Pollo Loco Company Profile
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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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