2 weeks Ago By ABMN Staff
El Pollo Loco ( NASDAQ:LOCO – Get Free Report ) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. Other equities research analysts have also recently issued research reports about the company.
Truist Financial increased their price target on El Pollo Loco from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Friday, August 2nd.
Benchmark reissued a “hold” rating on shares of El Pollo Loco in a research report on Thursday, May 23rd. View Our Latest Stock Report on LOCO El Pollo Loco Stock Up 0.4 % El Pollo Loco ( NASDAQ:LOCO – Get Free Report ) last released its quarterly earnings data on Thursday, August 1st.
The restaurant operator reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.
05. El Pollo Loco had a return on equity of 10.27% and a net margin of 5.
76%. The firm had revenue of $122.20 million for the quarter, compared to analyst estimates of $120.
39 million. During the same quarter in the prior year, the company earned $0.23 earnings per share.
The business’s revenue for the quarter was up .6% compared to the same quarter last year. Sell-side analysts predict that El Pollo Loco will post 0.
71 EPS for the current year. Insider Activity In other news, major shareholder Sardar Biglari acquired 43,161 shares of the stock in a transaction on Wednesday, August 21st. The shares were purchased at an average price of $13.
59 per share, for a total transaction of $586,557.99. Following the transaction, the insider now directly owns 364,731 shares of the company’s stock, valued at $4,956,694.
29. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website . Over the last quarter, insiders have bought 189,177 shares of company stock valued at $2,483,158.
1.90% of the stock is owned by insiders. Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently made changes to their positions in the business.
Quarry LP bought a new stake in El Pollo Loco during the second quarter worth about $30,000. Gladius Capital Management LP bought a new stake in shares of El Pollo Loco during the 4th quarter worth approximately $32,000. CWM LLC boosted its position in shares of El Pollo Loco by 34.
1% during the 2nd quarter. CWM LLC now owns 3,808 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 969 shares in the last quarter. Paloma Partners Management Co bought a new position in El Pollo Loco in the first quarter valued at approximately $106,000.
Finally, Aigen Investment Management LP acquired a new position in El Pollo Loco during the fourth quarter valued at approximately $111,000. Institutional investors and hedge funds own 81.28% of the company’s stock.
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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