Assenagon Asset Management S.A. decreased its holdings in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO - Free Report) by 56.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,020 shares of the restaurant operator's stock after selling 195,120 shares during the period. Assenagon Asset Management S.A. owned about 0.49% of El Pollo Loco worth $2,069,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the business. First Eagle Investment Management LLC boosted its holdings in El Pollo Loco by 321.8% in the first quarter. First Eagle Investment Management LLC now owns 145,498 shares of the restaurant operator's stock worth $1,417,000 after purchasing an additional 111,000 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of El Pollo Loco by 5.4% in the first quarter. Vanguard Group Inc. now owns 1,323,373 shares of the restaurant operator's stock worth $12,890,000 after acquiring an additional 67,368 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of El Pollo Loco by 797.2% in the first quarter. Russell Investments Group Ltd. now owns 102,257 shares of the restaurant operator's stock worth $996,000 after acquiring an additional 90,860 shares during the period. Invenomic Capital Management LP increased its position in El Pollo Loco by 197.2% during the first quarter. Invenomic Capital Management LP now owns 491,244 shares of the restaurant operator's stock valued at $4,785,000 after acquiring an additional 325,963 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in El Pollo Loco in the second quarter valued at about $1,735,000. Hedge funds and other institutional investors own 81.28% of the company's stock.
El Pollo Loco Stock Performance
Shares of NASDAQ:LOCO traded down $0.26 during mid-day trading on Friday, reaching $11.96. 470,601 shares of the company traded hands, compared to its average volume of 280,944. The company's 50 day moving average price is $13.38 and its 200-day moving average price is $11.71. The firm has a market cap of $357.94 million, a PE ratio of 14.13 and a beta of 1.49. El Pollo Loco Holdings, Inc. has a 52 week low of $8.15 and a 52 week high of $14.25. 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 (NASDAQ:LOCO - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The restaurant operator reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.04. The business 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 revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. On average, equities analysts expect that El Pollo Loco Holdings, Inc. will post 0.79 EPS for the current fiscal year.
Insider Transactions at El Pollo Loco
In other El Pollo Loco news, major shareholder Sardar Biglari bought 21,325 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average price of $13.13 per share, with a total value of $279,997.25. Following the purchase, the insider now owns 159,241 shares of the company's stock, valued at $2,090,834.33. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders acquired a total of 189,177 shares of company stock valued at $2,483,158 over the last 90 days. Company insiders own 1.90% of the company's stock.
Wall Street Analyst Weigh In
LOCO has been the subject of several recent research reports. Truist Financial boosted their target price 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 downgraded shares of El Pollo Loco from a "buy" rating to a "hold" rating in a research report on Thursday.
Get Our Latest Stock Analysis on LOCO
El Pollo Loco Company Profile
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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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