El Pollo LoCo (NASDAQ:LOCO) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of El Pollo LoCo (NASDAQ:LOCO) from a hold rating to a sell rating in a research report report published on Tuesday, Zacks.com reports.

According to Zacks, “El Pollo Loco Holdings, Inc., through its subsidiary, develops, franchises, licenses and operates quick-service restaurants under the name El Pollo Loco. The restaurants specializes in flame-grilled chicken in a variety of contemporary Mexican-influenced entrees, including specialty chicken burritos, chicken quesadillas, chicken tortilla soup, Pollo Bowls and Pollo Salads. El Pollo Loco Holdings, Inc. is headquartered in Costa Mesa, California. “

A number of other equities research analysts have also recently commented on LOCO. ValuEngine cut El Pollo LoCo from a hold rating to a sell rating in a report on Tuesday, July 2nd. BidaskClub raised El Pollo LoCo from a strong sell rating to a sell rating in a report on Saturday. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $17.00.

Shares of El Pollo LoCo stock opened at $11.00 on Tuesday. El Pollo LoCo has a one year low of $9.60 and a one year high of $18.47. The business has a fifty day moving average of $10.49. The company has a market cap of $426.61 million, a PE ratio of 14.86, a P/E/G ratio of 1.58 and a beta of 0.46. The company has a current ratio of 0.13, a quick ratio of 0.26 and a debt-to-equity ratio of 1.03.

El Pollo LoCo (NASDAQ:LOCO) last posted its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. The business had revenue of $113.74 million for the quarter, compared to analysts’ expectations of $113.74 million. El Pollo LoCo had a positive return on equity of 10.49% and a negative net margin of 0.36%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. As a group, equities research analysts anticipate that El Pollo LoCo will post 0.7 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in El Pollo LoCo by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,036,011 shares of the restaurant operator’s stock valued at $30,886,000 after acquiring an additional 92,703 shares during the period. Investment Counselors of Maryland LLC raised its holdings in El Pollo LoCo by 66.4% during the second quarter. Investment Counselors of Maryland LLC now owns 1,430,820 shares of the restaurant operator’s stock valued at $15,253,000 after acquiring an additional 571,125 shares during the period. Bank of New York Mellon Corp raised its holdings in El Pollo LoCo by 20.9% during the fourth quarter. Bank of New York Mellon Corp now owns 317,185 shares of the restaurant operator’s stock valued at $4,812,000 after acquiring an additional 54,801 shares during the period. Geode Capital Management LLC raised its holdings in El Pollo LoCo by 13.4% during the fourth quarter. Geode Capital Management LLC now owns 256,739 shares of the restaurant operator’s stock valued at $3,894,000 after acquiring an additional 30,352 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in El Pollo LoCo by 1.7% during the fourth quarter. Principal Financial Group Inc. now owns 180,786 shares of the restaurant operator’s stock valued at $2,743,000 after acquiring an additional 3,094 shares during the period. 91.66% of the stock is currently owned by institutional investors and hedge funds.

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. The company offers citrus-marinated, flame-grilled chicken, and handcrafted entrée products, including specialty chicken burritos, chicken quesadillas, and chicken tortilla soup, as well as under 500 calorie entrees, and Pollo Bowl and Pollo salad products.

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