Hsbc Holdings PLC Grows Stock Holdings in El Pollo Loco Holdings, Inc. $LOCO

Hsbc Holdings PLC boosted its position in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) by 74.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,734 shares of the restaurant operator’s stock after purchasing an additional 9,713 shares during the period. Hsbc Holdings PLC owned about 0.08% of El Pollo Loco worth $235,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in LOCO. LSV Asset Management lifted its position in shares of El Pollo Loco by 5.4% during the 1st quarter. LSV Asset Management now owns 1,615,552 shares of the restaurant operator’s stock valued at $16,640,000 after acquiring an additional 82,152 shares during the period. Nuveen LLC acquired a new stake in shares of El Pollo Loco during the 1st quarter valued at approximately $5,618,000. Nuveen Asset Management LLC lifted its position in shares of El Pollo Loco by 17.4% during the 4th quarter. Nuveen Asset Management LLC now owns 342,570 shares of the restaurant operator’s stock valued at $3,953,000 after acquiring an additional 50,765 shares during the period. Bridgeway Capital Management LLC lifted its position in shares of El Pollo Loco by 2.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 333,855 shares of the restaurant operator’s stock valued at $3,853,000 after acquiring an additional 8,552 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of El Pollo Loco by 55.5% during the 4th quarter. Bank of America Corp DE now owns 244,701 shares of the restaurant operator’s stock valued at $2,824,000 after acquiring an additional 87,287 shares during the period. Institutional investors and hedge funds own 81.28% of the company’s stock.

El Pollo Loco Price Performance

LOCO stock opened at $10.46 on Friday. The firm has a 50 day moving average of $10.67 and a 200-day moving average of $10.33. El Pollo Loco Holdings, Inc. has a 12-month low of $8.29 and a 12-month high of $13.99. The company has a current ratio of 0.35, a quick ratio of 0.33 and a debt-to-equity ratio of 0.26. The company has a market cap of $313.80 million, a price-to-earnings ratio of 12.45 and a beta of 1.08.

El Pollo Loco (NASDAQ:LOCO) last posted its quarterly earnings results on Thursday, July 31st. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. El Pollo Loco had a net margin of 5.15% and a return on equity of 9.83%. The company had revenue of $125.83 million during the quarter, compared to the consensus estimate of $124.24 million. During the same period last year, the firm earned $0.26 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities analysts expect that El Pollo Loco Holdings, Inc. will post 0.83 EPS for the current fiscal year.

About El Pollo Loco

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.