Bank of New York Mellon Corp acquired a new position in shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 108,527 shares of the restaurant operator's stock, valued at approximately $1,841,000. Bank of New York Mellon Corp owned approximately 0.36% of El Pollo Loco at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Lazard Asset Management LLC boosted its stake in El Pollo Loco by 0.8% during the 1st quarter. Lazard Asset Management LLC now owns 110,667 shares of the restaurant operator's stock valued at $1,534,000 after acquiring an additional 895 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in El Pollo Loco by 85.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,862 shares of the restaurant operator's stock worth $43,000 after purchasing an additional 1,774 shares in the last quarter. Sei Investments Co. lifted its holdings in El Pollo Loco by 11.5% during the 3rd quarter. Sei Investments Co. now owns 20,413 shares of the restaurant operator's stock worth $198,000 after buying an additional 2,100 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in El Pollo Loco by 6.7% during the 4th quarter. Panagora Asset Management Inc. now owns 35,492 shares of the restaurant operator's stock worth $371,000 after buying an additional 2,214 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of El Pollo Loco by 89.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,277 shares of the restaurant operator's stock worth $51,000 after acquiring an additional 2,493 shares in the last quarter. Hedge funds and other institutional investors own 81.28% of the company's stock.
Insider Activity at El Pollo Loco
In related news, major shareholder Sardar Biglari sold 132,421 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $17.27, for a total value of $2,286,910.67. Following the completion of the sale, the insider directly owned 3,644,979 shares in the company, valued at approximately $62,948,787.33. The trade was a 3.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 558,803 shares of company stock worth $9,427,504. Corporate insiders own 3.00% of the company's stock.
El Pollo Loco Trading Down 1.3%
Shares of NASDAQ LOCO opened at $15.17 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 0.41 and a debt-to-equity ratio of 0.10. El Pollo Loco Holdings, Inc. has a 12 month low of $8.98 and a 12 month high of $17.40. The company has a market cap of $461.62 million, a price-to-earnings ratio of 12.97 and a beta of 0.78. The business has a fifty day simple moving average of $15.93 and a 200-day simple moving average of $14.49.
El Pollo Loco (NASDAQ:LOCO - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.02. The firm had revenue of $129.57 million for the quarter, compared to the consensus estimate of $130.29 million. El Pollo Loco had a net margin of 6.96% and a return on equity of 10.87%. Sell-side analysts predict that El Pollo Loco Holdings, Inc. will post 0.99 EPS for the current year.
El Pollo Loco announced that its board has initiated a stock buyback program on Thursday, May 28th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the restaurant operator to repurchase up to 9.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of El Pollo Loco from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. DA Davidson boosted their price objective on shares of El Pollo Loco from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Monday, August 10th. Benchmark increased their price objective on shares of El Pollo Loco from $18.00 to $21.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Freedom Capital raised shares of El Pollo Loco to a "strong-buy" rating in a report on Wednesday, July 1st. Finally, Weiss Ratings raised shares of El Pollo Loco from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, El Pollo Loco has a consensus rating of "Moderate Buy" and a consensus price target of $16.12.
View Our Latest Stock Analysis on LOCO
El Pollo Loco Company Profile
(
Free Report)
El Pollo Loco NASDAQ: LOCO is a fast-casual restaurant chain specializing in Mexican-style fire-grilled chicken and complementary menu offerings. The company's signature product is its marinated, flame-grilled chicken, which is prepared in an open-flame rotisserie and served in a variety of formats including tacos, burritos, bowls and salads. In addition to its core chicken offerings, El Pollo Loco menu items feature fresh-made salsas, guacamole, sides such as charro beans and fresh tortillas, as well as a selection of beverages and desserts.
Founded in 1975 in Guasave, Sinaloa, Mexico, by Juan Francisco Ochoa, the concept expanded into the United States in 1980 with its first U.S.
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