Hillsdale Investment Management Inc. Has $3.49 Million Holdings in El Pollo Loco Holdings, Inc. $LOCO

Hillsdale Investment Management Inc. raised its position in shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) by 20.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 359,396 shares of the restaurant operator’s stock after purchasing an additional 61,200 shares during the period. Hillsdale Investment Management Inc. owned 1.20% of El Pollo Loco worth $3,486,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in El Pollo Loco by 1.2% in the third quarter. Vanguard Group Inc. now owns 1,400,032 shares of the restaurant operator’s stock worth $13,580,000 after buying an additional 16,867 shares during the last quarter. AdvisorShares Investments LLC increased its stake in shares of El Pollo Loco by 236.1% during the 3rd quarter. AdvisorShares Investments LLC now owns 49,539 shares of the restaurant operator’s stock worth $481,000 after purchasing an additional 34,800 shares during the last quarter. Carlson Capital L.P. raised its holdings in shares of El Pollo Loco by 50.8% during the 3rd quarter. Carlson Capital L.P. now owns 92,000 shares of the restaurant operator’s stock valued at $892,000 after purchasing an additional 31,000 shares in the last quarter. Ballentine Partners LLC lifted its stake in shares of El Pollo Loco by 17.7% in the 3rd quarter. Ballentine Partners LLC now owns 13,590 shares of the restaurant operator’s stock valued at $132,000 after purchasing an additional 2,048 shares during the last quarter. Finally, SummerHaven Investment Management LLC bought a new stake in El Pollo Loco in the third quarter worth $741,000. Institutional investors own 81.28% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on LOCO. Truist Financial raised their target price on El Pollo Loco from $11.00 to $12.00 and gave the company a “hold” rating in a report on Thursday, January 8th. Jefferies Financial Group increased their price objective on El Pollo Loco from $12.00 to $13.50 and gave the company a “buy” rating in a report on Monday, December 15th. Zacks Research downgraded El Pollo Loco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of El Pollo Loco in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.50.

El Pollo Loco Trading Up 0.4%

El Pollo Loco stock opened at $10.86 on Monday. El Pollo Loco Holdings, Inc. has a 52 week low of $8.29 and a 52 week high of $12.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.41. The firm has a market capitalization of $325.26 million, a PE ratio of 12.34 and a beta of 1.01. The business’s 50-day simple moving average is $10.77 and its 200-day simple moving average is $10.43.

El Pollo Loco Profile

El Pollo Loco (NASDAQ: LOCO) is a fast-casual restaurant chain specializing in Mexican-style fire-grilled chicken and complementary menu offerings. The company’s signature product is its marinated, flame-grilled chicken, which is prepared in an open-flame rotisserie and served in a variety of formats including tacos, burritos, bowls and salads. In addition to its core chicken offerings, El Pollo Loco menu items feature fresh-made salsas, guacamole, sides such as charro beans and fresh tortillas, as well as a selection of beverages and desserts.

Founded in 1975 in Guasave, Sinaloa, Mexico, by Juan Francisco Ochoa, the concept expanded into the United States in 1980 with its first U.S.