El Pollo Loco (NASDAQ:LOCO) Stock Rating Lowered by Zacks Investment Research

El Pollo Loco (NASDAQ:LOCOGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

According to Zacks, “El Pollo Loco Holdings, Inc., through its subsidiary, develops, franchises, licenses and operates quick-service restaurants under the name El Pollo Loco. The restaurants specializes in flame-grilled chicken in a variety of contemporary Mexican-influenced entrees, including specialty chicken burritos, chicken quesadillas, chicken tortilla soup, Pollo Bowls and Pollo Salads. El Pollo Loco Holdings, Inc. is headquartered in Costa Mesa, California. “

Separately, StockNews.com upgraded shares of El Pollo Loco from a “hold” rating to a “buy” rating in a research report on Wednesday, April 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, El Pollo Loco has an average rating of “Hold” and an average target price of $20.67.

LOCO opened at $10.94 on Friday. The firm has a market cap of $401.98 million, a price-to-earnings ratio of 13.68 and a beta of 1.38. El Pollo Loco has a fifty-two week low of $10.28 and a fifty-two week high of $19.25. The company’s 50-day moving average price is $11.48 and its 200 day moving average price is $13.07. The company has a quick ratio of 0.63, a current ratio of 0.66 and a debt-to-equity ratio of 0.68.

El Pollo Loco (NASDAQ:LOCOGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The restaurant operator reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. El Pollo Loco had a net margin of 6.41% and a return on equity of 10.60%. The firm had revenue of $110.05 million for the quarter, compared to analyst estimates of $106.69 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. El Pollo Loco’s quarterly revenue was up 2.2% on a year-over-year basis. Research analysts anticipate that El Pollo Loco will post 0.67 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Cornerstone Advisory LLC bought a new position in shares of El Pollo Loco in the fourth quarter valued at approximately $54,000. King Street Capital Management L.P. bought a new position in shares of El Pollo Loco in the fourth quarter valued at approximately $96,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of El Pollo Loco by 250.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,077 shares of the restaurant operator’s stock valued at $100,000 after acquiring an additional 5,059 shares in the last quarter. Millennium Management LLC bought a new position in shares of El Pollo Loco in the third quarter valued at approximately $204,000. Finally, Citigroup Inc. boosted its holdings in shares of El Pollo Loco by 44.6% in the fourth quarter. Citigroup Inc. now owns 14,798 shares of the restaurant operator’s stock valued at $210,000 after acquiring an additional 4,564 shares in the last quarter. Institutional investors and hedge funds own 45.81% of the company’s stock.

About El Pollo Loco (Get Rating)

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. As of December 29, 2021, the company operated 480 restaurants comprising 189 company-operated and 291 franchised restaurants located in California, Nevada, Arizona, Texas, Utah, and Louisiana.

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