El Pollo Loco Holdings, Inc. (NASDAQ:LOCO – Get Free Report) major shareholder Sardar Biglari sold 11,000 shares of the firm’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $16.71, for a total value of $183,810.00. Following the completion of the sale, the insider owned 3,538,961 shares of the company’s stock, valued at approximately $59,136,038.31. This trade represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Sardar Biglari also recently made the following trade(s):
- On Monday, July 13th, Sardar Biglari sold 75,000 shares of El Pollo Loco stock. The stock was sold at an average price of $16.74, for a total transaction of $1,255,500.00.
- On Thursday, July 2nd, Sardar Biglari sold 9,525 shares of El Pollo Loco stock. The stock was sold at an average price of $16.92, for a total transaction of $161,163.00.
- On Wednesday, July 1st, Sardar Biglari sold 132,421 shares of El Pollo Loco stock. The shares were sold at an average price of $17.27, for a total transaction of $2,286,910.67.
- On Tuesday, June 30th, Sardar Biglari sold 22,600 shares of El Pollo Loco stock. The stock was sold at an average price of $16.91, for a total transaction of $382,166.00.
- On Monday, June 29th, Sardar Biglari sold 100,000 shares of El Pollo Loco stock. The stock was sold at an average price of $16.58, for a total transaction of $1,658,000.00.
- On Friday, June 26th, Sardar Biglari sold 100,000 shares of El Pollo Loco stock. The shares were 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 traded up $0.19 during mid-day trading on Tuesday, hitting $16.38. 38,386 shares of the company traded hands, compared to its average volume of 297,719. The company has a current ratio of 0.34, a quick ratio of 0.32 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $498.68 million, a price-to-earnings ratio of 16.71 and a beta of 0.78. The business has a 50-day moving average of $15.53 and a 200 day moving average of $13.42. El Pollo Loco Holdings, Inc. has a one year low of $8.98 and a one year high of $17.40.
El Pollo Loco announced that its board has approved a stock buyback plan on Thursday, May 28th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the restaurant operator to purchase up to 9.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Benchmark raised their price target on El Pollo Loco from $14.00 to $18.00 and gave the company a “buy” rating in a report on Friday, May 8th. Freedom Capital raised El Pollo Loco to a “strong-buy” rating in a report on Wednesday, July 1st. DA Davidson raised their target price on shares of El Pollo Loco from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, Weiss Ratings upgraded shares of El Pollo Loco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, El Pollo Loco has a consensus rating of “Moderate Buy” and a consensus price target of $14.88.
Get Our Latest Research Report on LOCO
Institutional Investors Weigh In On El Pollo Loco
Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in El Pollo Loco by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,013,373 shares of the restaurant operator’s stock valued at $27,905,000 after purchasing an additional 12,072 shares during the last quarter. Vanguard Group Inc. boosted its holdings in El Pollo Loco by 1.2% during the third quarter. Vanguard Group Inc. now owns 1,400,032 shares of the restaurant operator’s stock worth $13,580,000 after buying an additional 16,867 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in El Pollo Loco by 93.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,037,293 shares of the restaurant operator’s stock worth $10,850,000 after buying an additional 502,378 shares during the last quarter. Fund 1 Investments LLC grew its position in shares of El Pollo Loco by 193.4% during the 4th quarter. Fund 1 Investments LLC now owns 745,140 shares of the restaurant operator’s stock worth $7,794,000 after buying an additional 491,184 shares during the period. Finally, Millennium Management LLC increased its stake in shares of El Pollo Loco by 197.4% in the 1st quarter. Millennium Management LLC now owns 680,391 shares of the restaurant operator’s stock valued at $7,008,000 after acquiring an additional 451,575 shares during the last quarter. 81.28% of the stock is owned by institutional investors and hedge funds.
El Pollo Loco Company Profile
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.
Featured Stories
- Five stocks we like better than El Pollo Loco
- Is the Market Mispricing ServiceNow’s AI Future?
- Nano Nuclear’s Air Force Contract Puts Its Short-Squeeze Setup in Focus
- Amkor Sells Off After Earnings—Why Weak Guidance Isn’t the Real Story
- 5 Space Stocks Face a Brutal Correction: Which Ones Are Still Buys?
Receive News & Ratings for El Pollo Loco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for El Pollo Loco and related companies with MarketBeat.com's FREE daily email newsletter.
