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Why Is El Pollo Loco (LOCO) Stock Rocketing Higher Today

Shares of fast food chain El Pollo Loco (NASDAQ:LOCO) jumped 15.3% in the morning session after Biglari Capital offered to acquire the company. Reports revealed LOCO was evaluating the proposal, indicating that a deal was likely to be done. Importantly, Biglari already held approximately 15% of LOCO's shares, making it a significant stakeholder with vested interest in the company's direction.

Shares of fast food chain El Pollo Loco (NASDAQ:LOCO) jumped 15.3% in the morning session after Biglari Capital offered to acquire the company. Reports revealed LOCO was evaluating the proposal, indicating that a deal was likely to be done.

Importantly, Biglari already held approximately 15% of LOCO's shares, making it a significant stakeholder with vested interest in the company's direction..