Zacks Investment Research upgraded shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) from a sell rating to a hold rating in a report issued on Saturday morning.

According to Zacks, “El Pollo Loco Holdings, Inc., through its subsidiary, develops, franchises, licenses and operates quick-service restaurants under the name El Pollo Loco. The restaurants specializes in flame-grilled chicken in a variety of contemporary Mexican-influenced entrees, including specialty chicken burritos, chicken quesadillas, chicken tortilla soup, Pollo Bowls and Pollo Salads. El Pollo Loco Holdings, Inc. is headquartered in Costa Mesa, California. “

Several other brokerages also recently issued reports on LOCO. Robert W. Baird lifted their price objective 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. Jefferies Group LLC restated a buy rating on shares of El Pollo Loco Holdings in a research report on Wednesday, July 19th. BidaskClub downgraded El Pollo Loco Holdings from a hold rating to a sell rating in a research report on Friday, July 28th. Finally, Morgan Stanley cut their price objective on El Pollo Loco Holdings from $14.00 to $13.00 and set an equal weight rating for the company in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. El Pollo Loco Holdings has a consensus rating of Hold and a consensus target price of $14.75.

Shares of El Pollo Loco Holdings (LOCO) opened at 11.85 on Friday. The firm has a market cap of $458.01 million, a PE ratio of 25.76 and a beta of 0.33. The company has a 50 day moving average price of $11.78 and a 200 day moving average price of $12.68. El Pollo Loco Holdings has a 12-month low of $10.08 and a 12-month high of $14.85.

El Pollo Loco Holdings (NASDAQ:LOCO) last issued its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. El Pollo Loco Holdings had a return on equity of 9.56% and a net margin of 4.66%. The firm had revenue of $105.60 million during the quarter, compared to the consensus estimate of $105.83 million. During the same period in the previous year, the firm posted $0.19 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, analysts forecast that El Pollo Loco Holdings will post $0.67 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Arizona State Retirement System raised its holdings in El Pollo Loco Holdings by 0.9% in the 1st quarter. Arizona State Retirement System now owns 11,200 shares of the restaurant operator’s stock valued at $134,000 after acquiring an additional 100 shares during the last quarter. Texas Permanent School Fund raised its holdings in El Pollo Loco Holdings by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 15,708 shares of the restaurant operator’s stock valued at $218,000 after acquiring an additional 130 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in El Pollo Loco Holdings by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 69,818 shares of the restaurant operator’s stock valued at $967,000 after acquiring an additional 437 shares during the last quarter. Wells Fargo & Company MN raised its holdings in El Pollo Loco Holdings by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 18,582 shares of the restaurant operator’s stock valued at $258,000 after acquiring an additional 462 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in El Pollo Loco Holdings by 4.3% in the 1st quarter. Thrivent Financial For Lutherans now owns 12,150 shares of the restaurant operator’s stock valued at $145,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 77.16% of the company’s stock.

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.

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Analyst Recommendations for El Pollo Loco Holdings (NASDAQ:LOCO)

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