Wells Fargo & Company MN decreased its stake in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) by 5.3% during the first quarter, Holdings Channel reports. The firm owned 18,120 shares of the restaurant operator’s stock after selling 1,015 shares during the period. Wells Fargo & Company MN’s holdings in El Pollo Loco Holdings were worth $217,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in LOCO. Thrivent Financial for Lutherans increased its position in El Pollo Loco Holdings by 6.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 11,650 shares of the restaurant operator’s stock valued at $143,000 after buying an additional 660 shares during the period. Metropolitan Life Insurance Co. NY increased its position in El Pollo Loco Holdings by 13.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,797 shares of the restaurant operator’s stock valued at $194,000 after buying an additional 1,835 shares during the period. Two Sigma Investments LP acquired a new position in El Pollo Loco Holdings during the fourth quarter valued at $551,000. Dimensional Fund Advisors LP increased its position in El Pollo Loco Holdings by 8.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 219,418 shares of the restaurant operator’s stock valued at $2,699,000 after buying an additional 16,684 shares during the period. Finally, State Street Corp increased its position in El Pollo Loco Holdings by 10.1% in the fourth quarter. State Street Corp now owns 380,158 shares of the restaurant operator’s stock valued at $4,679,000 after buying an additional 34,822 shares during the period. Hedge funds and other institutional investors own 77.26% of the company’s stock.
El Pollo Loco Holdings, Inc. (NASDAQ LOCO) opened at 13.00 on Friday. The stock has a 50 day moving average price of $13.83 and a 200-day moving average price of $12.86. El Pollo Loco Holdings, Inc. has a 12-month low of $10.08 and a 12-month high of $14.85. The stock has a market capitalization of $500.07 million, a P/E ratio of 28.89 and a beta of 0.33.
El Pollo Loco Holdings (NASDAQ:LOCO) last released its quarterly earnings data on Thursday, May 4th. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $99.80 million during the quarter, compared to analysts’ expectations of $100.02 million. El Pollo Loco Holdings had a return on equity of 9.51% and a net margin of 4.61%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share. Equities research analysts expect that El Pollo Loco Holdings, Inc. will post $0.68 EPS for the current year.
Several research firms recently weighed in on LOCO. BidaskClub downgraded El Pollo Loco Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Group LLC reiterated a “buy” rating on shares of El Pollo Loco Holdings in a research report on Wednesday. Zacks Investment Research upgraded El Pollo Loco Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird increased their target price on El Pollo Loco Holdings from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, June 9th. Finally, TheStreet upgraded El Pollo Loco Holdings from a “d+” rating to a “c-” rating in a research report on Thursday, April 20th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. El Pollo Loco Holdings currently has an average rating of “Hold” and an average price target of $15.25.
About El Pollo Loco Holdings
El Pollo Loco Holdings, Inc specializes in fire-grilling citrus-marinated chicken and operates in the limited service restaurant (LSR) segment. The Company’s menu features its signature product, citrus-marinated fire-grilled chicken, and a range of Mexican-inspired entrees that it creates from chicken.
Want to see what other hedge funds are holding LOCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for El Pollo Loco Holdings, Inc. (NASDAQ:LOCO).
Receive News & Ratings for El Pollo Loco Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for El Pollo Loco Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
