StockNews.com upgraded shares of El Pollo Loco (NASDAQ:LOCO - Free Report) from a hold rating to a buy rating in a research note released on Friday.
El Pollo Loco Stock Performance
Shares of El Pollo Loco stock traded down $0.34 during trading hours on Friday, hitting $10.93. 525,479 shares of the company's stock traded hands, compared to its average volume of 200,622. The company has a fifty day simple moving average of $11.73 and a 200-day simple moving average of $12.55. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.29. The stock has a market capitalization of $327.23 million, a price-to-earnings ratio of 13.84 and a beta of 1.46. El Pollo Loco has a 12-month low of $8.17 and a 12-month high of $14.25.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Biglari Sardar raised its holdings in shares of El Pollo Loco by 307.7% in the 3rd quarter. Biglari Sardar now owns 489,247 shares of the restaurant operator's stock worth $6,703,000 after purchasing an additional 369,247 shares during the period. Franklin Resources Inc. increased its position in El Pollo Loco by 372.6% in the third quarter. Franklin Resources Inc. now owns 70,409 shares of the restaurant operator's stock worth $951,000 after buying an additional 55,510 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of El Pollo Loco by 22.5% in the third quarter. JPMorgan Chase & Co. now owns 411,298 shares of the restaurant operator's stock valued at $5,635,000 after buying an additional 75,542 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of El Pollo Loco by 89.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 84,247 shares of the restaurant operator's stock valued at $972,000 after buying an additional 39,824 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new position in shares of El Pollo Loco during the 4th quarter worth $1,142,000. 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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