6 Meridian boosted its holdings in El Pollo LoCo Holdings Inc (NASDAQ:LOCO) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,385 shares of the restaurant operator’s stock after acquiring an additional 3,235 shares during the quarter. 6 Meridian owned 0.21% of El Pollo LoCo worth $1,111,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Nuveen Asset Management LLC bought a new stake in El Pollo LoCo during the second quarter worth about $2,773,000. Morgan Stanley grew its stake in El Pollo LoCo by 171.4% during the second quarter. Morgan Stanley now owns 158,175 shares of the restaurant operator’s stock worth $1,686,000 after buying an additional 99,901 shares during the last quarter. Squarepoint Ops LLC bought a new stake in El Pollo LoCo during the third quarter worth about $667,000. Millennium Management LLC grew its stake in El Pollo LoCo by 222.1% during the third quarter. Millennium Management LLC now owns 48,322 shares of the restaurant operator’s stock worth $529,000 after buying an additional 33,322 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in El Pollo LoCo by 23.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 136,904 shares of the restaurant operator’s stock worth $1,459,000 after buying an additional 26,144 shares during the last quarter. 98.86% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have weighed in on the stock. Zacks Investment Research cut shares of El Pollo LoCo from a “buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Guggenheim set a $15.00 price objective on shares of El Pollo LoCo and gave the stock a “buy” rating in a research note on Friday, November 1st. BidaskClub lowered shares of El Pollo LoCo from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. SunTrust Banks upped their target price on shares of El Pollo LoCo to $14.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, ValuEngine lowered shares of El Pollo LoCo from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.33.
Shares of LOCO stock opened at $14.87 on Wednesday. El Pollo LoCo Holdings Inc has a 1 year low of $9.60 and a 1 year high of $18.47. The firm’s 50 day moving average is $15.40 and its 200-day moving average is $12.47. The firm has a market capitalization of $518.71 million, a price-to-earnings ratio of 20.09, a PEG ratio of 1.90 and a beta of 0.72. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.25.
El Pollo LoCo (NASDAQ:LOCO) last announced its earnings results on Thursday, October 31st. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. El Pollo LoCo had a negative net margin of 0.46% and a positive return on equity of 10.85%. The company had revenue of $112.10 million for the quarter, compared to analyst estimates of $110.21 million. During the same period in the prior year, the business earned $0.19 earnings per share. El Pollo LoCo’s quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts forecast that El Pollo LoCo Holdings Inc will post 0.73 earnings per share for the current fiscal year.
El Pollo LoCo Company 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 offers citrus-marinated, flame-grilled chicken, and handcrafted entrée products, including specialty chicken burritos, chicken quesadillas, and chicken tortilla soup, as well as under 500 calorie entrees, and Pollo Bowl and Pollo salad products.
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