El Pollo Loco Holdings, Inc. (NASDAQ:LOCO – Get Free Report) major shareholder Sardar Biglari sold 100,000 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $16.58, for a total transaction of $1,658,000.00. Following the transaction, the insider directly owned 3,800,000 shares in the company, valued at approximately $63,004,000. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Sardar Biglari also recently made the following trade(s):
- On Tuesday, June 30th, Sardar Biglari sold 22,600 shares of El Pollo Loco stock. The shares were sold at an average price of $16.91, for a total transaction of $382,166.00.
- On Friday, June 26th, Sardar Biglari sold 100,000 shares of El Pollo Loco stock. The stock was sold at an average price of $16.75, for a total transaction of $1,675,000.00.
El Pollo Loco Price Performance
Shares of LOCO stock traded up $0.43 on Tuesday, reaching $16.96. 299,164 shares of the company were exchanged, compared to its average volume of 336,032. El Pollo Loco Holdings, Inc. has a 1 year low of $8.98 and a 1 year high of $17.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.32 and a current ratio of 0.34. The business has a 50-day moving average price of $14.48 and a 200 day moving average price of $12.69. The company has a market cap of $516.43 million, a price-to-earnings ratio of 17.31 and a beta of 0.81.
El Pollo Loco declared that its Board of Directors has approved a share repurchase plan on Thursday, May 28th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the restaurant operator to buy up to 9.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Analysts Set New Price Targets
LOCO has been the topic of a number of research analyst reports. William Blair reaffirmed a “market perform” rating on shares of El Pollo Loco in a research note on Friday, March 13th. Truist Financial increased their price objective on El Pollo Loco from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Friday, March 13th. DA Davidson raised their price objective on El Pollo Loco from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Weiss Ratings raised shares of El Pollo Loco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Finally, Wall Street Zen raised shares of El Pollo Loco from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.88.
Read Our Latest Stock Analysis on El Pollo Loco
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Empowered Funds LLC boosted its holdings in shares of El Pollo Loco by 15.5% during the 1st quarter. Empowered Funds LLC now owns 247,098 shares of the restaurant operator’s stock worth $3,425,000 after purchasing an additional 33,195 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of El Pollo Loco by 74.2% in the first quarter. Quantinno Capital Management LP now owns 58,509 shares of the restaurant operator’s stock valued at $811,000 after purchasing an additional 24,923 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of El Pollo Loco by 0.8% in the first quarter. Lazard Asset Management LLC now owns 110,667 shares of the restaurant operator’s stock valued at $1,534,000 after purchasing an additional 895 shares during the last quarter. Sei Investments Co. lifted its position in El Pollo Loco by 203.8% during the first quarter. Sei Investments Co. now owns 635,468 shares of the restaurant operator’s stock worth $8,808,000 after buying an additional 426,320 shares in the last quarter. Finally, State of Wyoming purchased a new position in El Pollo Loco during the first quarter worth approximately $88,000. 81.28% of the stock is owned by hedge funds and other institutional investors.
About El Pollo Loco
El Pollo Loco (NASDAQ: LOCO) is a fast-casual restaurant chain specializing in Mexican-style fire-grilled chicken and complementary menu offerings. The company’s signature product is its marinated, flame-grilled chicken, which is prepared in an open-flame rotisserie and served in a variety of formats including tacos, burritos, bowls and salads. In addition to its core chicken offerings, El Pollo Loco menu items feature fresh-made salsas, guacamole, sides such as charro beans and fresh tortillas, as well as a selection of beverages and desserts.
Founded in 1975 in Guasave, Sinaloa, Mexico, by Juan Francisco Ochoa, the concept expanded into the United States in 1980 with its first U.S.
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