Hsbc Holdings PLC Buys 1,090 Shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO)

Hsbc Holdings PLC lifted its stake in shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,606 shares of the restaurant operator’s stock after acquiring an additional 1,090 shares during the period. Hsbc Holdings PLC owned approximately 0.05% of El Pollo Loco worth $172,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Eagle Investment Management LLC raised its stake in shares of El Pollo Loco by 321.8% in the 1st quarter. First Eagle Investment Management LLC now owns 145,498 shares of the restaurant operator’s stock valued at $1,417,000 after purchasing an additional 111,000 shares during the period. Fund 1 Investments LLC acquired a new position in El Pollo Loco during the 4th quarter worth approximately $7,746,000. Vanguard Group Inc. grew its stake in shares of El Pollo Loco by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 1,323,373 shares of the restaurant operator’s stock worth $12,890,000 after acquiring an additional 67,368 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of El Pollo Loco by 797.2% in the first quarter. Russell Investments Group Ltd. now owns 102,257 shares of the restaurant operator’s stock valued at $996,000 after purchasing an additional 90,860 shares during the last quarter. Finally, Invenomic Capital Management LP raised its holdings in shares of El Pollo Loco by 197.2% in the first quarter. Invenomic Capital Management LP now owns 491,244 shares of the restaurant operator’s stock valued at $4,785,000 after purchasing an additional 325,963 shares during the last quarter. 81.28% of the stock is currently owned by institutional investors and hedge funds.

El Pollo Loco Trading Up 1.7 %

NASDAQ LOCO opened at $13.40 on Friday. The company has a market cap of $416.74 million, a PE ratio of 16.54 and a beta of 1.49. El Pollo Loco Holdings, Inc. has a 12 month low of $8.11 and a 12 month high of $14.25. The stock has a 50 day moving average of $13.11 and a 200-day moving average of $11.21. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 0.36.

El Pollo Loco (NASDAQ:LOCO) last released its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. El Pollo Loco had a net margin of 5.76% and a return on equity of 10.33%. The company had revenue of $122.20 million for the quarter, compared to analyst estimates of $120.39 million. During the same period in the previous year, the business earned $0.23 EPS. El Pollo Loco’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts anticipate that El Pollo Loco Holdings, Inc. will post 0.8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. StockNews.com downgraded shares of El Pollo Loco from a “buy” rating to a “hold” rating in a research report on Friday. Truist Financial raised their price objective on El Pollo Loco from $12.00 to $13.00 and gave the company a “hold” rating in a report on Friday, August 2nd.

Insider Buying and Selling

In other El Pollo Loco news, major shareholder Sardar Biglari purchased 43,161 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was acquired at an average price of $13.59 per share, with a total value of $586,557.99. Following the acquisition, the insider now directly owns 364,731 shares of the company’s stock, valued at $4,956,694.29. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have acquired 189,177 shares of company stock valued at $2,483,158. 1.90% of the stock is owned by insiders.

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.