El Pollo LoCo (NASDAQ:LOCO) Downgraded by ValuEngine
LOCO has been the topic of several other research reports. Zacks Investment Research upgraded El Pollo LoCo from a hold rating to a buy rating and set a $17.00 price target on the stock in a research note on Tuesday, November 26th. Guggenheim set a $15.00 price objective on El Pollo LoCo and gave the company a buy rating in a report on Friday, November 1st. SunTrust Banks raised their price objective on El Pollo LoCo to $14.00 and gave the stock a hold rating in a research note on Friday, November 1st. Finally, BidaskClub downgraded El Pollo LoCo from a buy rating to a hold rating in a report on Saturday, November 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $15.67.
Shares of NASDAQ LOCO traded up $0.15 during midday trading on Tuesday, reaching $15.98. The company had a trading volume of 534,638 shares, compared to its average volume of 463,898. El Pollo LoCo has a 1 year low of $9.60 and a 1 year high of $18.47. The business’s 50-day simple moving average is $14.24 and its 200 day simple moving average is $11.60. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.25. The stock has a market cap of $557.03 million, a P/E ratio of 21.59, a P/E/G ratio of 2.22 and a beta of 0.78.
Large investors have recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. raised its holdings in shares of 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 purchasing an additional 26,144 shares during the last quarter. Morgan Stanley raised its stake in shares of El Pollo LoCo by 171.4% during the 2nd quarter. Morgan Stanley now owns 158,175 shares of the restaurant operator’s stock valued at $1,686,000 after buying an additional 99,901 shares during the last quarter. Rhumbline Advisers raised its stake in shares of El Pollo LoCo by 3.8% during the 3rd quarter. Rhumbline Advisers now owns 68,238 shares of the restaurant operator’s stock valued at $748,000 after buying an additional 2,513 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of El Pollo LoCo by 2.8% in the 2nd quarter. Northern Trust Corp now owns 263,938 shares of the restaurant operator’s stock valued at $2,814,000 after buying an additional 7,309 shares during the period. Finally, Hancock Whitney Corp lifted its holdings in shares of El Pollo LoCo by 16.5% in the 3rd quarter. Hancock Whitney Corp now owns 14,761 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 2,090 shares during the period. Hedge funds and other institutional investors own 98.86% of the company’s stock.
About El Pollo LoCo
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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