Bank of New York Mellon Corp Has $1.02 Million Stock Position in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO)

Bank of New York Mellon Corp lessened its holdings in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,645 shares of the restaurant operator’s stock after selling 9,792 shares during the quarter. Bank of New York Mellon Corp owned 0.30% of El Pollo Loco worth $1,023,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. grew its position in El Pollo Loco by 91.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,094 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 1,002 shares during the last quarter. Biglari Sardar boosted its stake in shares of El Pollo Loco by 307.7% in the 3rd quarter. Biglari Sardar now owns 489,247 shares of the restaurant operator’s stock valued at $6,703,000 after purchasing an additional 369,247 shares in the last quarter. Centiva Capital LP bought a new stake in shares of El Pollo Loco during the 3rd quarter valued at approximately $153,000. Point72 DIFC Ltd acquired a new position in El Pollo Loco during the 3rd quarter worth approximately $27,000. Finally, State Street Corp lifted its stake in El Pollo Loco by 2.5% in the 3rd quarter. State Street Corp now owns 593,425 shares of the restaurant operator’s stock valued at $8,130,000 after purchasing an additional 14,692 shares during the last quarter. Institutional investors own 81.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Benchmark reiterated a “hold” rating on shares of El Pollo Loco in a report on Monday, March 10th. Craig Hallum started coverage on El Pollo Loco in a report on Tuesday, March 11th. They issued a “buy” rating and a $18.00 target price for the company. Finally, StockNews.com raised El Pollo Loco from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th.

El Pollo Loco Price Performance

Shares of NASDAQ:LOCO opened at $10.52 on Tuesday. 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 Holdings, Inc. has a 52 week low of $8.17 and a 52 week high of $14.25. The firm has a market cap of $313.25 million, a PE ratio of 13.32 and a beta of 1.50. The firm’s fifty day moving average is $11.41 and its 200-day moving average is $12.20.

El Pollo Loco (NASDAQ:LOCO) last announced its earnings results on Thursday, March 6th. The restaurant operator reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. The firm had revenue of $114.28 million for the quarter, compared to the consensus estimate of $113.19 million. El Pollo Loco had a return on equity of 10.34% and a net margin of 5.11%. Sell-side analysts predict that El Pollo Loco Holdings, Inc. will post 0.83 earnings per share for the current year.

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.