Millennium Management LLC Has $2.64 Million Stake in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO)

Millennium Management LLC grew its position in shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO - Free Report) by 392.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 228,816 shares of the restaurant operator's stock after buying an additional 182,366 shares during the quarter. Millennium Management LLC owned approximately 0.76% of El Pollo Loco worth $2,641,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. LSV Asset Management grew its stake in El Pollo Loco by 21.1% during the fourth quarter. LSV Asset Management now owns 1,533,400 shares of the restaurant operator's stock worth $17,695,000 after buying an additional 266,908 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of El Pollo Loco by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 1,406,454 shares of the restaurant operator's stock valued at $16,230,000 after purchasing an additional 34,399 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of El Pollo Loco by 6.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 618,829 shares of the restaurant operator's stock valued at $7,141,000 after purchasing an additional 40,012 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of El Pollo Loco by 11.0% during the fourth quarter. JPMorgan Chase & Co. now owns 456,432 shares of the restaurant operator's stock valued at $5,267,000 after purchasing an additional 45,134 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of El Pollo Loco by 54.0% during the fourth quarter. First Eagle Investment Management LLC now owns 453,422 shares of the restaurant operator's stock valued at $5,232,000 after purchasing an additional 159,000 shares during the last quarter. 81.28% of the stock is owned by institutional investors.

El Pollo Loco Stock Up 1.0%

Shares of LOCO stock traded up $0.11 during trading hours on Wednesday, hitting $10.81. 612,047 shares of the company were exchanged, compared to its average volume of 251,938. The business has a 50 day moving average of $9.60 and a two-hundred day moving average of $10.93. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.30. El Pollo Loco Holdings, Inc. has a 52 week low of $8.29 and a 52 week high of $14.25. The company has a market capitalization of $324.86 million, a PE ratio of 13.68 and a beta of 1.11.

El Pollo Loco (NASDAQ:LOCO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The restaurant operator reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). El Pollo Loco had a net margin of 5.11% and a return on equity of 10.34%. The firm had revenue of $119.18 million during the quarter, compared to the consensus estimate of $118.20 million. During the same period last year, the business earned $0.22 EPS. The business's revenue was up 2.6% on a year-over-year basis. Analysts anticipate that El Pollo Loco Holdings, Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LOCO has been the topic of several analyst reports. Craig Hallum initiated coverage on shares of El Pollo Loco in a report on Tuesday, March 11th. They issued a "buy" rating and a $18.00 price objective on the stock. Wall Street Zen lowered shares of El Pollo Loco from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Benchmark reiterated a "hold" rating on shares of El Pollo Loco in a report on Monday, March 10th.

El Pollo Loco 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.