Millennium Management LLC Has $2.54 Million Stake in El Pollo LoCo Holdings Inc (LOCO)

Millennium Management LLC lifted its holdings in shares of El Pollo LoCo Holdings Inc (NASDAQ:LOCO) by 69.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 256,960 shares of the restaurant operator’s stock after purchasing an additional 105,427 shares during the quarter. Millennium Management LLC owned about 0.66% of El Pollo LoCo worth $2,544,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of El Pollo LoCo by 2.5% during the fourth quarter. BlackRock Inc. now owns 2,869,119 shares of the restaurant operator’s stock worth $28,404,000 after purchasing an additional 69,526 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of El Pollo LoCo by 33.5% during the third quarter. Dimensional Fund Advisors LP now owns 702,559 shares of the restaurant operator’s stock worth $8,536,000 after purchasing an additional 176,213 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of El Pollo LoCo by 5.7% during the fourth quarter. Bank of New York Mellon Corp now owns 276,069 shares of the restaurant operator’s stock worth $2,732,000 after purchasing an additional 14,872 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of El Pollo LoCo by 299.4% during the fourth quarter. Renaissance Technologies LLC now owns 254,000 shares of the restaurant operator’s stock worth $2,515,000 after purchasing an additional 190,400 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of El Pollo LoCo by 16.2% during the fourth quarter. Geode Capital Management LLC now owns 229,314 shares of the restaurant operator’s stock worth $2,269,000 after purchasing an additional 31,891 shares during the last quarter. Institutional investors and hedge funds own 78.96% of the company’s stock.

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Several equities research analysts have recently issued reports on LOCO shares. Zacks Investment Research upgraded El Pollo LoCo from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. BidaskClub upgraded El Pollo LoCo from a “strong sell” rating to a “sell” rating in a report on Friday, March 2nd. SunTrust Banks set a $11.00 price objective on El Pollo LoCo and gave the stock a “hold” rating in a report on Thursday, March 8th. Morgan Stanley restated an “equal weight” rating and set a $11.00 price objective (down previously from $12.00) on shares of El Pollo LoCo in a report on Monday, March 12th. Finally, ValuEngine cut El Pollo LoCo from a “hold” rating to a “sell” rating in a report on Friday, April 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.40.



Shares of El Pollo LoCo stock opened at $9.70 on Thursday. El Pollo LoCo Holdings Inc has a twelve month low of $9.05 and a twelve month high of $14.85. The firm has a market capitalization of $375.02, a P/E ratio of 15.40, a PEG ratio of 0.93 and a beta of 0.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.39 and a current ratio of 0.44.

El Pollo LoCo (NASDAQ:LOCO) last issued its earnings results on Thursday, March 8th. The restaurant operator reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.01. El Pollo LoCo had a return on equity of 9.00% and a net margin of 2.15%. The firm had revenue of $95.20 million for the quarter, compared to analysts’ expectations of $95.24 million. During the same quarter last year, the firm earned $0.12 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. equities research analysts predict that El Pollo LoCo Holdings Inc will post 0.69 EPS for the current year.

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El Pollo LoCo 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 specializes in offering flame-grilled chicken. As of March 8, 2018, it had approximately 475 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, and Utah.

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Institutional Ownership by Quarter for El Pollo LoCo (NASDAQ:LOCO)

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