LSV Asset Management makes a new investment in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO)

VaselineSeptember 12, 2024

0 3 minutes read

LSV Asset Management acquired a new position in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund acquired 389,663 shares of the restaurant operator’s stock, valued at approximately $4,407,000.

Other hedge funds have also bought and sold shares of the company. CWM LLC boosted its position in El Pollo Loco by 34.1% in the second quarter. CWM LLC now owns 3,808 shares of the restaurant operator’s stock worth $43,000 after buying an additional 969 shares during the last quarter. Paloma Partners Management Co purchased a new stake in El Pollo Loco during the first quarter valued at about $106,000. Aigen Investment Management LP purchased a new stake in El Pollo Loco in the 4th quarter valued at approximately $111,000. Quadrature Capital Ltd acquired a new stake in El Pollo Loco in the 1st quarter valued at about $182,000. Finally, Boston Partners acquired a new stake in El Pollo Loco in the 1st quarter worth about $216,000. Hedge funds and other institutional investors own 81.28% of the company’s shares.

El Pollo Loco stocks up 1.1%

Shares of LOCO stock opened at $13.25 on Thursday. El Pollo Loco Holdings, Inc. it has a 52-week low of $8.11 and a 52-week high of $14.25. The company has a market cap of $396.57 million, a PE ratio of 16.36 and a beta of 1.50. The stock has a fifty day simple moving average of $12.28 and a two hundred day simple moving average of $10.63. The company has a quick ratio of 0.32, a current ratio of 0.35, and a debt-to-equity ratio of 0.36.

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El Pollo Loco (NASDAQ:LOCO – Get Your Free Report ) last posted its earnings results on Thursday, August 1st. The restaurant operator reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. El Pollo Loco had a return on equity of 10.33% and a net margin of 5.76%. The business had revenue of $122.20 million during the quarter, compared to the consensus estimate of $120.39 million. During the same period last year, the company earned $0.23 EPS. The company’s revenue for the quarter was up 0.6% on a year-over-year basis. As a group, equities analysts estimate that El Pollo Loco Holdings, Inc. will post 0.8 EPS for the current year.

Analysts on Wall Street are forecasting an increase

LOCO has been the subject of several recent analyst reports. Benchmark reiterated a “hold” rating on shares of El Pollo Loco in a research report on Thursday, May 23rd. Truist Financial upped their target price on El Pollo Loco from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Finally, StockNews.com lowered El Pollo Loco from a “buy” rating to a “hold” rating in a research report on Friday, September 6th.

Read the latest research report on LOCO

Insiders place their bets

In related news, major shareholder Sardar Biglari purchased 62,362 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average cost of $12.47 per share, with a total value of $777,654.14. Following the purchase, the insider now directly owns 87,362 shares of the company’s stock, valued at $1,089,404.14. The transaction was disclosed in a filing with the SEC, which is accessible via this link. Insiders have acquired 189,177 shares of company stock worth $2,483,158 over the last three months. 1.90% of shares are currently owned by insiders.

Profile of El Pollo Loco

(Free Report)

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.