Wall Street brokerages expect El Pollo LoCo Holdings Inc (NASDAQ:LOCO) to announce $112.09 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for El Pollo LoCo’s earnings. The highest sales estimate is $113.39 million and the lowest is $110.50 million. El Pollo LoCo reported sales of $112.07 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0%. The company is expected to issue its next quarterly earnings results on Thursday, October 29th.
According to Zacks, analysts expect that El Pollo LoCo will report full year sales of $434.12 million for the current fiscal year, with estimates ranging from $431.51 million to $436.95 million. For the next fiscal year, analysts expect that the business will post sales of $452.04 million, with estimates ranging from $441.80 million to $466.02 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow El Pollo LoCo.
El Pollo LoCo (NASDAQ:LOCO) last released its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $0.20 EPS for the quarter, topping the consensus estimate of $0.05 by $0.15. El Pollo LoCo had a net margin of 4.48% and a return on equity of 10.44%. The business had revenue of $99.60 million for the quarter, compared to analyst estimates of $96.64 million.
Several equities research analysts recently commented on the stock. William Blair reiterated a “market perform” rating on shares of El Pollo LoCo in a research report on Monday, July 20th. Zacks Investment Research upgraded shares of El Pollo LoCo from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Thursday, July 23rd. TheStreet upgraded shares of El Pollo LoCo from a “c” rating to a “b-” rating in a research report on Friday, August 7th. Finally, BidaskClub downgraded shares of El Pollo LoCo from a “hold” rating to a “sell” rating in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.67.
In related news, CFO Laurance Roberts sold 13,600 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $17.75, for a total value of $241,400.00. Following the completion of the transaction, the chief financial officer now owns 109,096 shares of the company’s stock, valued at approximately $1,936,454. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 49.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of El Pollo LoCo by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,969,161 shares of the restaurant operator’s stock valued at $29,065,000 after acquiring an additional 19,973 shares during the last quarter. Investment Counselors of Maryland LLC increased its stake in shares of El Pollo LoCo by 1.4% during the 1st quarter. Investment Counselors of Maryland LLC now owns 1,472,535 shares of the restaurant operator’s stock valued at $12,443,000 after acquiring an additional 20,438 shares during the last quarter. Nordea Investment Management AB acquired a new position in shares of El Pollo LoCo during the 2nd quarter valued at about $9,498,000. State Street Corp increased its stake in shares of El Pollo LoCo by 6.8% during the 1st quarter. State Street Corp now owns 610,130 shares of the restaurant operator’s stock valued at $5,156,000 after acquiring an additional 38,898 shares during the last quarter. Finally, Personal Capital Advisors Corp increased its stake in shares of El Pollo LoCo by 2.8% during the 2nd quarter. Personal Capital Advisors Corp now owns 557,875 shares of the restaurant operator’s stock valued at $8,234,000 after acquiring an additional 15,222 shares during the last quarter. 97.11% of the stock is owned by hedge funds and other institutional investors.
Shares of El Pollo LoCo stock traded up $0.02 on Thursday, hitting $15.44. The company’s stock had a trading volume of 282,183 shares, compared to its average volume of 376,661. El Pollo LoCo has a 52-week low of $6.15 and a 52-week high of $19.90. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average price of $17.07 and a 200-day moving average price of $13.98. The company has a market capitalization of $554.64 million, a P/E ratio of 28.59 and a beta of 1.53.
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. The company offers citrus-marinated, flame-grilled chicken, and handcrafted entrée products, including specialty chicken burritos, chicken quesadillas, and chicken tortilla soup, as well as under 500 calorie entrees, and Pollo Bowl and Pollo salad products.
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