Allspring Global Investments Holdings LLC lifted its position in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO – Free Report) by 285.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,338 shares of the restaurant operator’s stock after acquiring an additional 6,176 shares during the period. Allspring Global Investments Holdings LLC’s holdings in El Pollo Loco were worth $74,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in El Pollo Loco in the 3rd quarter valued at $113,000. Bailard Inc. purchased a new position in shares of El Pollo Loco in the third quarter worth about $217,000. Teacher Retirement System of Texas purchased a new position in shares of El Pollo Loco in the third quarter worth about $392,000. Los Angeles Capital Management LLC acquired a new position in El Pollo Loco during the third quarter worth about $271,000. Finally, Assenagon Asset Management S.A. grew its stake in El Pollo Loco by 18.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 262,283 shares of the restaurant operator’s stock valued at $2,347,000 after acquiring an additional 41,417 shares in the last quarter. 81.28% of the stock is currently owned by hedge funds and other institutional investors.
El Pollo Loco Stock Performance
Shares of El Pollo Loco stock opened at $8.69 on Tuesday. The business’s 50 day moving average price is $8.90 and its 200 day moving average price is $8.82. The company has a market cap of $270.95 million, a price-to-earnings ratio of 11.59 and a beta of 1.41. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.32 and a current ratio of 0.35. El Pollo Loco Holdings, Inc. has a one year low of $8.11 and a one year high of $11.02.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of El Pollo Loco from a “buy” rating to a “hold” rating in a research note on Friday, January 19th.
Check Out Our Latest Stock Report on El Pollo Loco
El Pollo Loco Company Profile
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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