LSV Asset Management Has $16.64 Million Stock Position in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO)

Key Points

• LSV Asset Management increased its stake in El Pollo Loco Holdings by 5.4%, holding a total of 1,615,552 shares valued at approximately $16.64 million.
• El Pollo Loco recently reported a quarterly earnings per share of $0.28, surpassing estimates, with revenues of $125.83 million, marking a 3% increase year-over-year.
• Wall Street analysts downgraded El Pollo Loco from a "buy" to a "hold" rating, indicating a cautious outlook for the company's stock.

LSV Asset Management increased its position in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO - Free Report) by 5.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,615,552 shares of the restaurant operator's stock after purchasing an additional 82,152 shares during the quarter. LSV Asset Management owned approximately 5.38% of El Pollo Loco worth $16,640,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Millennium Management LLC raised 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 acquiring an additional 182,366 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in El Pollo Loco in the 4th quarter valued at about $1,146,000. Bank of America Corp DE raised 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 acquiring an additional 87,287 shares during the period. Nuveen Asset Management LLC raised 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 acquiring an additional 50,765 shares during the period. Finally, ExodusPoint Capital Management LP bought a new position in El Pollo Loco in the 4th quarter valued at about $582,000. 81.28% of the stock is owned by institutional investors.

El Pollo Loco Stock Performance

Shares of LOCO traded down $0.12 during mid-day trading on Friday, hitting $10.22. 67,647 shares of the company's stock were exchanged, compared to its average volume of 293,400. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.26. The firm has a market cap of $306.45 million, a price-to-earnings ratio of 12.18 and a beta of 1.01. The stock's 50-day simple moving average is $10.77 and its 200-day simple moving average is $10.56. El Pollo Loco Holdings, Inc. has a 52 week low of $8.29 and a 52 week high of $14.25.

El Pollo Loco (NASDAQ:LOCO - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The restaurant operator reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The company had revenue of $125.83 million for the quarter, compared to analysts' expectations of $124.24 million. El Pollo Loco had a return on equity of 9.83% and a net margin of 5.15%. El Pollo Loco's revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business earned $0.26 earnings per share. On average, equities research analysts expect that El Pollo Loco Holdings, Inc. will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of El Pollo Loco from a "buy" rating to a "hold" rating in a report on Friday, May 2nd.

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. 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.