William Blair Investment Management LLC cut its position in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO - Free Report) by 7.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,242,563 shares of the restaurant operator's stock after selling 101,788 shares during the period. William Blair Investment Management LLC owned 4.13% of El Pollo Loco worth $13,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CWM LLC grew its stake in El Pollo Loco by 31.3% during the 2nd quarter. CWM LLC now owns 4,229 shares of the restaurant operator's stock worth $47,000 after purchasing an additional 1,008 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of El Pollo Loco by 9.8% in the 1st quarter. MetLife Investment Management LLC now owns 15,248 shares of the restaurant operator's stock valued at $157,000 after buying an additional 1,366 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of El Pollo Loco by 3.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 47,474 shares of the restaurant operator's stock valued at $489,000 after buying an additional 1,600 shares during the period. Quantbot Technologies LP increased its stake in El Pollo Loco by 27.3% in the 1st quarter. Quantbot Technologies LP now owns 7,722 shares of the restaurant operator's stock valued at $80,000 after purchasing an additional 1,658 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in El Pollo Loco by 4,840.7% in the 1st quarter. GAMMA Investing LLC now owns 2,668 shares of the restaurant operator's stock valued at $259,000 after purchasing an additional 2,614 shares in the last quarter. Hedge funds and other institutional investors own 81.28% of the company's stock.
El Pollo Loco Stock Up 2.0%
NASDAQ:LOCO opened at $9.40 on Monday. The company has a current ratio of 0.35, a quick ratio of 0.33 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $10.06 and a 200-day moving average of $10.13. The firm has a market capitalization of $282 million, a PE ratio of 11.19 and a beta of 1.05. El Pollo Loco Holdings, Inc. has a 52 week low of $8.29 and a 52 week high of $13.71.
El Pollo Loco (NASDAQ:LOCO - Get Free Report) last announced its earnings results on Thursday, July 31st. The restaurant operator reported $0.28 EPS for the quarter, topping 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 firm had revenue of $125.83 million for the quarter, compared to analysts' expectations of $124.24 million. During the same quarter in the previous year, the company earned $0.26 earnings per share. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. Analysts predict that El Pollo Loco Holdings, Inc. will post 0.83 EPS for the current year.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a "hold (c)" rating on shares of El Pollo Loco in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, El Pollo Loco currently has an average rating of "Hold" and an average price target of $18.00.
Check Out Our Latest Stock Report on LOCO
El Pollo Loco Company Profile
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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.
See Also
Want to see what other hedge funds are holding LOCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for El Pollo Loco Holdings, Inc. (NASDAQ:LOCO - Free Report).
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