El Pollo LoCo (NASDAQ:LOCO) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of El Pollo LoCo (NASDAQ:LOCO) from a hold rating to a buy rating in a research report sent to investors on Monday, ValuEngine reports.

Several other brokerages also recently issued reports on LOCO. SunTrust Banks raised their target price on shares of El Pollo LoCo to $14.00 and gave the company a hold rating in a research note on Friday, November 1st. Guggenheim set a $15.00 target price on shares of El Pollo LoCo and gave the company a buy rating in a research note on Friday, November 1st. Zacks Investment Research upgraded shares of El Pollo LoCo from a hold rating to a buy rating and set a $14.00 target price for the company in a research note on Friday, October 25th. Finally, BidaskClub upgraded shares of El Pollo LoCo from a hold rating to a buy rating in a research note on Saturday, October 19th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $15.00.

NASDAQ:LOCO traded down $0.18 during mid-day trading on Monday, hitting $14.77. The stock had a trading volume of 308,200 shares, compared to its average volume of 468,442. El Pollo LoCo has a twelve month low of $9.60 and a twelve month high of $18.47. The stock has a market cap of $530.92 million, a price-to-earnings ratio of 19.96, a PEG ratio of 2.09 and a beta of 0.58. The company’s 50 day simple moving average is $12.05 and its 200 day simple moving average is $11.17. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.34 and a current ratio of 0.34.

El Pollo LoCo (NASDAQ:LOCO) last issued its earnings results on Thursday, October 31st. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $112.10 million during the quarter, compared to the consensus estimate of $110.21 million. During the same period last year, the business posted $0.19 EPS. El Pollo LoCo’s revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that El Pollo LoCo will post 0.73 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in LOCO. 6 Meridian raised its holdings in El Pollo LoCo by 5.0% in the 2nd quarter. 6 Meridian now owns 30,446 shares of the restaurant operator’s stock valued at $325,000 after acquiring an additional 1,458 shares during the period. Bessemer Group Inc. raised its holdings in El Pollo LoCo by 2.6% in the 2nd quarter. Bessemer Group Inc. now owns 79,000 shares of the restaurant operator’s stock valued at $842,000 after acquiring an additional 2,000 shares during the period. Investment Counselors of Maryland LLC raised its holdings in El Pollo LoCo by 66.4% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 1,430,820 shares of the restaurant operator’s stock valued at $15,253,000 after acquiring an additional 571,125 shares during the period. JPMorgan Chase & Co. raised its holdings in El Pollo LoCo by 24.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,586 shares of the restaurant operator’s stock valued at $155,000 after acquiring an additional 2,909 shares during the period. Finally, Bank of Montreal Can bought a new position in El Pollo LoCo in the 2nd quarter valued at about $29,000. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

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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