StockNews.com Downgrades El Pollo Loco (NASDAQ:LOCO) to Hold

El Pollo Loco (NASDAQ:LOCOGet Free Report) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

Other research analysts also recently issued reports about the stock. Benchmark restated a “hold” rating on shares of El Pollo Loco in a research note on Thursday, May 23rd. Truist Financial upped their target price on shares of El Pollo Loco from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, May 3rd.

Read Our Latest Stock Report on El Pollo Loco

El Pollo Loco Price Performance

LOCO opened at $10.68 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.36 and a debt-to-equity ratio of 0.32. El Pollo Loco has a 52-week low of $8.11 and a 52-week high of $11.99. The company has a 50 day moving average of $9.59 and a two-hundred day moving average of $9.14. The company has a market cap of $332.15 million, a P/E ratio of 13.19 and a beta of 1.44.

El Pollo Loco (NASDAQ:LOCOGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.08. El Pollo Loco had a net margin of 5.64% and a return on equity of 10.13%. The company had revenue of $116.15 million during the quarter, compared to the consensus estimate of $111.09 million. During the same period in the previous year, the firm earned $0.14 earnings per share. El Pollo Loco’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts expect that El Pollo Loco will post 0.71 earnings per share for the current year.

Institutional Trading of El Pollo Loco

Institutional investors have recently added to or reduced their stakes in the stock. Gladius Capital Management LP acquired a new stake in El Pollo Loco in the fourth quarter valued at $32,000. Allspring Global Investments Holdings LLC raised its holdings in El Pollo Loco by 285.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,338 shares of the restaurant operator’s stock valued at $74,000 after acquiring an additional 6,176 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in El Pollo Loco by 1,074.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,126 shares of the restaurant operator’s stock valued at $89,000 after acquiring an additional 9,264 shares in the last quarter. Corton Capital Inc. acquired a new stake in El Pollo Loco in the third quarter valued at $97,000. Finally, Paloma Partners Management Co acquired a new stake in El Pollo Loco in the first quarter valued at $106,000. 81.28% of the stock is owned by institutional investors and hedge funds.

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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