El Pollo Loco Holdings, Inc. (NASDAQ:LOCO - Free Report) - Investment analysts at William Blair reduced their Q3 2024 earnings estimates for El Pollo Loco in a note issued to investors on Wednesday, October 23rd. William Blair analyst S. Zackfia now forecasts that the restaurant operator will post earnings of $0.17 per share for the quarter, down from their prior forecast of $0.18. The consensus estimate for El Pollo Loco's current full-year earnings is $0.80 per share.
El Pollo Loco (NASDAQ:LOCO - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.05. El Pollo Loco had a return on equity of 10.33% and a net margin of 5.76%. The business had revenue of $122.20 million for the quarter, compared to analyst estimates of $120.39 million. During the same period in the prior year, the company earned $0.23 EPS. El Pollo Loco's revenue for the quarter was up .6% on a year-over-year basis.
Several other research firms have also recently weighed in on LOCO. Truist Financial raised their price objective on shares of El Pollo Loco from $12.00 to $13.00 and gave the company a "hold" rating in a research report on Friday, August 2nd. StockNews.com raised shares of El Pollo Loco from a "hold" rating to a "buy" rating in a report on Wednesday.
Check Out Our Latest Stock Analysis on El Pollo Loco
El Pollo Loco Price Performance
Shares of NASDAQ:LOCO traded up $0.15 during midday trading on Friday, reaching $12.76. The company's stock had a trading volume of 152,524 shares, compared to its average volume of 278,712. The business's fifty day simple moving average is $13.45 and its 200-day simple moving average is $11.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.35 and a quick ratio of 0.32. El Pollo Loco has a fifty-two week low of $8.11 and a fifty-two week high of $14.25. The company has a market capitalization of $381.91 million, a P/E ratio of 14.84 and a beta of 1.49.
Insider Buying and Selling
In other El Pollo Loco news, major shareholder Sardar Biglari bought 21,325 shares of the business's stock in a transaction on Friday, August 16th. The shares were bought at an average cost of $13.13 per share, for a total transaction of $279,997.25. Following the transaction, the insider now owns 159,241 shares in the company, valued at approximately $2,090,834.33. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders bought a total of 189,177 shares of company stock worth $2,483,158 over the last three months. 1.90% of the stock is currently owned by company insiders.
Institutional Trading of El Pollo Loco
Several institutional investors and hedge funds have recently made changes to their positions in LOCO. BNP Paribas Financial Markets grew its stake in shares of El Pollo Loco by 46.2% during the first quarter. BNP Paribas Financial Markets now owns 44,648 shares of the restaurant operator's stock worth $435,000 after purchasing an additional 14,104 shares during the period. GSA Capital Partners LLP increased its stake in shares of El Pollo Loco by 38.1% in the 1st quarter. GSA Capital Partners LLP now owns 77,008 shares of the restaurant operator's stock valued at $750,000 after acquiring an additional 21,230 shares during the last quarter. Empowered Funds LLC increased its stake in shares of El Pollo Loco by 8.1% in the 1st quarter. Empowered Funds LLC now owns 147,221 shares of the restaurant operator's stock valued at $1,434,000 after acquiring an additional 11,025 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of El Pollo Loco by 797.2% in the 1st quarter. Russell Investments Group Ltd. now owns 102,257 shares of the restaurant operator's stock valued at $996,000 after acquiring an additional 90,860 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in El Pollo Loco by 321.8% during the 1st quarter. First Eagle Investment Management LLC now owns 145,498 shares of the restaurant operator's stock worth $1,417,000 after acquiring an additional 111,000 shares during the last quarter. Institutional investors own 81.28% of the company's stock.
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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