Cubist Systematic Strategies LLC boosted its stake in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO - Free Report) by 88.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 65,189 shares of the restaurant operator's stock after acquiring an additional 30,573 shares during the quarter. Cubist Systematic Strategies LLC owned 0.22% of El Pollo Loco worth $671,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LSV Asset Management lifted its holdings in El Pollo Loco by 5.4% in the 1st quarter. LSV Asset Management now owns 1,615,552 shares of the restaurant operator's stock valued at $16,640,000 after purchasing an additional 82,152 shares in the last quarter. Nuveen LLC purchased a new position in El Pollo Loco in the 1st quarter valued at $5,618,000. Nuveen Asset Management LLC lifted its holdings in El Pollo Loco by 17.4% in the 4th quarter. Nuveen Asset Management LLC now owns 342,570 shares of the restaurant operator's stock valued at $3,953,000 after purchasing an additional 50,765 shares in the last quarter. Bank of America Corp DE lifted its holdings in El Pollo Loco by 55.5% in the 4th quarter. Bank of America Corp DE now owns 244,701 shares of the restaurant operator's stock valued at $2,824,000 after purchasing an additional 87,287 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in El Pollo Loco by 392.6% in the 4th quarter. Millennium Management LLC now owns 228,816 shares of the restaurant operator's stock valued at $2,641,000 after purchasing an additional 182,366 shares in the last quarter. Hedge funds and other institutional investors own 81.28% of the company's stock.
El Pollo Loco Trading Down 0.7%
Shares of LOCO stock opened at $10.44 on Wednesday. The stock's fifty day moving average is $10.64 and its two-hundred day moving average is $10.30. 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 capitalization of $313.20 million, a P/E ratio of 12.43 and a beta of 1.08. El Pollo Loco Holdings, Inc. has a fifty-two week low of $8.29 and a fifty-two week high of $13.99.
El Pollo Loco (NASDAQ:LOCO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The restaurant operator reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. The company had revenue of $125.83 million for the quarter, compared to analyst estimates of $124.24 million. El Pollo Loco had a return on equity of 9.83% and a net margin of 5.15%.The firm's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. Research analysts expect that El Pollo Loco Holdings, Inc. will post 0.83 earnings per share for the current fiscal year.
About El Pollo Loco
(
Free Report)
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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