El Pollo Loco (NASDAQ:LOCO – Get Rating) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday.

El Pollo Loco Trading Down 0.3 %

NASDAQ LOCO traded down $0.04 during trading hours on Monday, reaching $11.80. The company had a trading volume of 121,328 shares, compared to its average volume of 134,591. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $437.18 million, a P/E ratio of 20.70 and a beta of 1.31. The stock has a 50-day moving average of $10.69 and a 200 day moving average of $10.07. El Pollo Loco has a 1-year low of $8.15 and a 1-year high of $13.97.

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El Pollo Loco (NASDAQ:LOCO – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $119.88 million for the quarter, compared to the consensus estimate of $116.55 million. El Pollo Loco had a net margin of 4.42% and a return on equity of 6.65%. As a group, research analysts anticipate that El Pollo Loco will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On El Pollo Loco

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in El Pollo Loco by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,941,407 shares of the restaurant operator's stock valued at $17,317,000 after acquiring an additional 18,012 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of El Pollo Loco by 1.4% in the first quarter. Vanguard Group Inc. now owns 1,723,892 shares of the restaurant operator's stock valued at $20,031,000 after purchasing an additional 24,351 shares in the last quarter. State Street Corp increased its stake in El Pollo Loco by 0.6% during the 3rd quarter. State Street Corp now owns 690,333 shares of the restaurant operator's stock worth $6,158,000 after buying an additional 4,017 shares during the period. JPMorgan Chase & Co. lifted its holdings in El Pollo Loco by 22.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 530,409 shares of the restaurant operator's stock worth $5,220,000 after buying an additional 97,098 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in El Pollo Loco by 29.0% in the 2nd quarter. Renaissance Technologies LLC now owns 443,100 shares of the restaurant operator's stock valued at $4,360,000 after buying an additional 99,700 shares during the period. Institutional investors and hedge funds own 59.78% of the company's stock.

El Pollo Loco Company Profile

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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. As of May 04, 2022, the company operated 480 restaurants comprising 189 company-operated and 291 franchised restaurants located in California, Nevada, Arizona, Texas, Utah, and Louisiana.

Further Reading

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