El Pollo Loco Holdings, Inc. (NASDAQ:LOCO – Get Free Report) major shareholder Sardar Biglari sold 20,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $16.73, for a total transaction of $334,600.00. Following the sale, the insider directly owned 106,422 shares in the company, valued at approximately $1,780,440.06. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 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 Wednesday, August 5th, Sardar Biglari sold 80,000 shares of El Pollo Loco stock. The shares were sold at an average price of $16.90, for a total value of $1,352,000.00.
- On Thursday, July 30th, Sardar Biglari sold 546 shares of El Pollo Loco stock. The stock was sold at an average price of $16.70, for a total value of $9,118.20.
- On Wednesday, July 29th, Sardar Biglari sold 6,611 shares of El Pollo Loco stock. The stock was sold at an average price of $16.71, for a total value of $110,469.81.
- On Friday, July 17th, Sardar Biglari sold 11,000 shares of El Pollo Loco stock. The stock was sold at an average price of $16.71, for a total value of $183,810.00.
- On Monday, July 13th, Sardar Biglari sold 75,000 shares of El Pollo Loco stock. The shares were sold at an average price of $16.74, for a total value of $1,255,500.00.
- On Thursday, July 2nd, Sardar Biglari sold 9,525 shares of El Pollo Loco stock. The shares were sold at an average price of $16.92, for a total value of $161,163.00.
- On Wednesday, July 1st, Sardar Biglari sold 132,421 shares of El Pollo Loco stock. The stock was sold at an average price of $17.27, for a total value 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 value of $382,166.00.
- On Monday, June 29th, Sardar Biglari sold 100,000 shares of El Pollo Loco stock. The shares were sold at an average price of $16.58, for a total value 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 NASDAQ LOCO opened at $16.99 on Thursday. 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 firm has a fifty day moving average of $15.88 and a 200 day moving average of $13.69. The firm has a market cap of $517.35 million, a PE ratio of 17.34 and a beta of 0.78. El Pollo Loco Holdings, Inc. has a one year low of $8.98 and a one year high of $17.40.
El Pollo Loco declared that its board has authorized a stock repurchase program on Thursday, May 28th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the restaurant operator to reacquire up to 9.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
Hedge Funds Weigh In On El Pollo Loco
Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its stake in El Pollo Loco by 93.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,037,293 shares of the restaurant operator’s stock worth $10,850,000 after purchasing an additional 502,378 shares in the last quarter. Fund 1 Investments LLC grew its position in shares of El Pollo Loco by 193.4% in the fourth quarter. Fund 1 Investments LLC now owns 745,140 shares of the restaurant operator’s stock valued at $7,794,000 after purchasing an additional 491,184 shares in the last quarter. Millennium Management LLC increased its holdings in shares of El Pollo Loco by 197.4% in the first quarter. Millennium Management LLC now owns 680,391 shares of the restaurant operator’s stock valued at $7,008,000 after purchasing an additional 451,575 shares during the last quarter. Sei Investments Co. increased its holdings in shares of El Pollo Loco by 203.8% in the first quarter. Sei Investments Co. now owns 635,468 shares of the restaurant operator’s stock valued at $8,808,000 after purchasing an additional 426,320 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its position in El Pollo Loco by 59.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 571,296 shares of the restaurant operator’s stock worth $5,976,000 after buying an additional 211,900 shares in the last quarter. 81.28% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on LOCO shares. DA Davidson lifted their price objective on El Pollo Loco from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Freedom Capital raised El Pollo Loco to a “strong-buy” rating in a report on Wednesday, July 1st. Benchmark raised their target price on El Pollo Loco from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Weiss Ratings raised El Pollo Loco from a “hold (c+)” rating to a “buy (b-)” rating in a research note 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $14.88.
Check Out Our Latest Research Report on LOCO
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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