Assenagon Asset Management S.A. Sells 108,079 Shares of El Pollo Loco Holdings, Inc. $LOCO

Key Points

• Assenagon Asset Management S.A. significantly reduced its stake in El Pollo Loco Holdings by 85.7%, selling 108,079 shares, leaving it with 18,001 shares valued at $198,000.
• Several institutional investors have increased their holdings in El Pollo Loco, with Millennium Management boosting its stake by 197.4% to a total of 680,391 shares worth $7,008,000.
• El Pollo Loco reported an earnings per share of $0.28 for the last quarter, surpassing analyst estimates by $0.03, with a revenue increase of 3.0% year-over-year.

Assenagon Asset Management S.A. lowered its position in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO - Free Report) by 85.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,001 shares of the restaurant operator's stock after selling 108,079 shares during the period. Assenagon Asset Management S.A. owned 0.06% of El Pollo Loco worth $198,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. LSV Asset Management raised its stake in shares of El Pollo Loco by 5.4% in the first quarter. LSV Asset Management now owns 1,615,552 shares of the restaurant operator's stock valued at $16,640,000 after acquiring an additional 82,152 shares during the last quarter. Millennium Management LLC boosted its stake in El Pollo Loco by 197.4% in the first quarter. Millennium Management LLC now owns 680,391 shares of the restaurant operator's stock worth $7,008,000 after purchasing an additional 451,575 shares in the last quarter. Nuveen LLC acquired a new position in El Pollo Loco in the first quarter worth $5,618,000. Bridgeway Capital Management LLC boosted its stake in El Pollo Loco by 3.9% in the first quarter. Bridgeway Capital Management LLC now owns 346,819 shares of the restaurant operator's stock worth $3,572,000 after purchasing an additional 12,964 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in El Pollo Loco by 17.4% in the fourth quarter. Nuveen Asset Management LLC now owns 342,570 shares of the restaurant operator's stock worth $3,953,000 after purchasing an additional 50,765 shares in the last quarter. Institutional investors own 81.28% of the company's stock.

El Pollo Loco Price Performance

El Pollo Loco stock opened at $10.01 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.33 and a current ratio of 0.35. The firm has a market cap of $300.30 million, a P/E ratio of 11.92 and a beta of 1.08. The business's fifty day moving average is $10.39 and its two-hundred day moving average is $10.22. El Pollo Loco Holdings, Inc. has a 52 week low of $8.29 and a 52 week high of $13.93.

El Pollo Loco (NASDAQ:LOCO - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. El Pollo Loco had a return on equity of 9.83% and a net margin of 5.15%.The business had revenue of $125.83 million for the quarter, compared to analyst estimates of $124.24 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts forecast that El Pollo Loco Holdings, Inc. will post 0.83 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. It operates and franchises restaurants located in California, Nevada, Arizona, Texas, Colorado, Utah, and Louisiana. It also licenses its brand to restaurants in the Philippines.

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