Janney Montgomery Scott LLC lifted its holdings in shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO - Free Report) by 89.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,247 shares of the restaurant operator's stock after acquiring an additional 39,824 shares during the period. Janney Montgomery Scott LLC owned 0.28% of El Pollo Loco worth $972,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp increased its stake 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 last quarter. Biglari Sardar grew its position 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 valued at $6,703,000 after buying an additional 369,247 shares during the last quarter. JPMorgan Chase & Co. raised its stake in El Pollo Loco by 22.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 411,298 shares of the restaurant operator's stock worth $5,635,000 after acquiring an additional 75,542 shares in the last quarter. Empowered Funds LLC lifted its position in El Pollo Loco by 5.3% in the third quarter. Empowered Funds LLC now owns 167,003 shares of the restaurant operator's stock valued at $2,288,000 after acquiring an additional 8,442 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in El Pollo Loco in the third quarter valued at $1,056,000. Hedge funds and other institutional investors own 81.28% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com cut El Pollo Loco from a "buy" rating to a "hold" rating in a research report on Wednesday, January 22nd.
View Our Latest Analysis on LOCO
El Pollo Loco Stock Performance
Shares of LOCO stock traded down $0.12 during trading hours on Thursday, hitting $12.26. The stock had a trading volume of 74,946 shares, compared to its average volume of 172,423. 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 firm has a market capitalization of $367.05 million, a PE ratio of 15.52 and a beta of 1.46. The stock's 50 day moving average is $11.85 and its 200 day moving average is $12.53. El Pollo Loco Holdings, Inc. has a twelve month low of $8.17 and a twelve month high of $14.25.
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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