El Pollo Loco (NASDAQ:LOCO - Get Free Report) issued its earnings results on Thursday. The restaurant operator reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.04, Briefing.com reports. The firm had revenue of $120.40 million during the quarter, compared to analyst estimates of $121.03 million. El Pollo Loco had a net margin of 5.76% and a return on equity of 10.33%. The company's quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the business earned $0.19 earnings per share.
El Pollo Loco Price Performance
NASDAQ:LOCO traded down $0.26 during mid-day trading on Friday, hitting $11.96. 470,611 shares of the stock traded hands, compared to its average volume of 281,298. El Pollo Loco has a 12-month low of $8.15 and a 12-month high of $14.25. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 0.36. The company has a market cap of $357.94 million, a PE ratio of 14.13 and a beta of 1.49. The business's 50-day moving average price is $13.38 and its 200 day moving average price is $11.71.
Insider Buying and Selling at El Pollo Loco
In other news, major shareholder Sardar Biglari purchased 62,362 shares of the firm's stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average price of $12.47 per share, with a total value of $777,654.14. Following the completion of the acquisition, the insider now owns 87,362 shares in the company, valued at $1,089,404.14. This trade represents a 200.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders bought a total of 189,177 shares of company stock valued at $2,483,158 in the last three months. Company insiders own 1.90% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on LOCO shares. Truist Financial lifted 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 note on Friday, August 2nd. StockNews.com cut El Pollo Loco from a "buy" rating to a "hold" rating in a research report on Thursday.
View Our Latest Report on LOCO
About El Pollo Loco
(
Get 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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