El Pollo Loco (NASDAQ:LOCO – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.
El Pollo Loco Price Performance
LOCO opened at $11.27 on Friday. The company’s 50 day simple moving average is $11.73 and its 200 day simple moving average is $12.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.29 and a current ratio of 0.31. El Pollo Loco has a 1 year low of $8.17 and a 1 year high of $14.25. The stock has a market capitalization of $337.41 million, a PE ratio of 14.27 and a beta of 1.46.
Institutional Investors Weigh In On El Pollo Loco
Hedge funds have recently modified their holdings of the stock. Biglari Sardar raised its holdings in El Pollo Loco by 307.7% in the third quarter. Biglari Sardar now owns 489,247 shares of the restaurant operator’s stock valued at $6,703,000 after buying an additional 369,247 shares during the period. LSV Asset Management raised its holdings in El Pollo Loco by 21.1% in the fourth quarter. LSV Asset Management now owns 1,533,400 shares of the restaurant operator’s stock valued at $17,695,000 after buying an additional 266,908 shares during the period. Prudential Financial Inc. raised its holdings in El Pollo Loco by 332.2% in the fourth quarter. Prudential Financial Inc. now owns 289,739 shares of the restaurant operator’s stock valued at $3,344,000 after buying an additional 222,704 shares during the period. Millennium Management LLC raised its holdings in El Pollo Loco by 392.6% in the fourth quarter. Millennium Management LLC now owns 228,816 shares of the restaurant operator’s stock valued at $2,641,000 after buying an additional 182,366 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in El Pollo Loco by 54.0% in 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 buying an additional 159,000 shares during the period. 81.28% of the stock is owned by institutional investors and hedge funds.
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.
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