State Board of Administration of Florida Retirement System Sells 10,710 Shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO)

State Board of Administration of Florida Retirement System decreased its holdings in El Pollo Loco Holdings, Inc. (NASDAQ:LOCOGet Rating) by 11.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,969 shares of the restaurant operator’s stock after selling 10,710 shares during the period. State Board of Administration of Florida Retirement System owned 0.23% of El Pollo Loco worth $836,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Captrust Financial Advisors boosted its stake in shares of El Pollo Loco by 73.1% in the first quarter. Captrust Financial Advisors now owns 2,755 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 1,163 shares during the period. Amalgamated Bank purchased a new stake in shares of El Pollo Loco in the first quarter worth about $100,000. Everence Capital Management Inc. purchased a new stake in shares of El Pollo Loco in the second quarter worth about $104,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of El Pollo Loco in the first quarter worth about $120,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of El Pollo Loco in the first quarter worth about $124,000. Institutional investors own 44.10% of the company’s stock.

El Pollo Loco Price Performance

NASDAQ:LOCO opened at $10.81 on Friday. El Pollo Loco Holdings, Inc. has a 12 month low of $8.15 and a 12 month high of $14.79. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average is $9.92 and its 200 day moving average is $9.88. The company has a market capitalization of $400.50 million, a P/E ratio of 18.97 and a beta of 1.29.

El Pollo Loco Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, November 9th. Shareholders of record on Monday, October 24th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Friday, October 21st. This represents a yield of 13.95%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on El Pollo Loco in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

El Pollo Loco Profile

(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 May 04, 2022, 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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Institutional Ownership by Quarter for El Pollo Loco (NASDAQ:LOCO)

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