Analysts expect El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) to report sales of $103.19 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for El Pollo Loco Holdings’ earnings, with the highest sales estimate coming in at $105.11 million and the lowest estimate coming in at $99.72 million. El Pollo Loco Holdings reported sales of $95.82 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.7%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, November 2nd.
According to Zacks, analysts expect that El Pollo Loco Holdings will report full year sales of $103.19 million for the current fiscal year, with estimates ranging from $401.97 million to $411.46 million. For the next financial year, analysts expect that the company will post sales of $434.68 million per share, with estimates ranging from $424.02 million to $441.15 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover El Pollo Loco Holdings.
El Pollo Loco Holdings (NASDAQ:LOCO) last released its earnings results on Thursday, August 3rd. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The company had revenue of $105.60 million during the quarter, compared to analyst estimates of $105.83 million. El Pollo Loco Holdings had a net margin of 4.66% and a return on equity of 9.56%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS.
Several brokerages have recently weighed in on LOCO. Zacks Investment Research downgraded El Pollo Loco Holdings from a “buy” rating to a “sell” rating in a research note on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “buy” rating on shares of El Pollo Loco Holdings in a research note on Wednesday, July 19th. BidaskClub downgraded El Pollo Loco Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Morgan Stanley reduced their target price on El Pollo Loco Holdings from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.00.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Garner Asset Management Corp purchased a new stake in El Pollo Loco Holdings in the 2nd quarter valued at $145,000. Arizona State Retirement System grew its holdings in El Pollo Loco Holdings by 0.9% in the 1st quarter. Arizona State Retirement System now owns 11,200 shares of the restaurant operator’s stock valued at $134,000 after buying an additional 100 shares in the last quarter. Virtu KCG Holdings LLC purchased a new stake in El Pollo Loco Holdings in the 2nd quarter valued at $157,000. Thrivent Financial For Lutherans grew its holdings in El Pollo Loco Holdings by 4.3% in the 1st quarter. Thrivent Financial For Lutherans now owns 12,150 shares of the restaurant operator’s stock valued at $145,000 after buying an additional 500 shares in the last quarter. Finally, Hartford Investment Management Co. purchased a new stake in El Pollo Loco Holdings in the 2nd quarter valued at $187,000. Hedge funds and other institutional investors own 76.82% of the company’s stock.
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Shares of El Pollo Loco Holdings (NASDAQ LOCO) traded down 0.652% during midday trading on Wednesday, reaching $11.425. 161,083 shares of the company’s stock were exchanged. The company’s 50-day moving average is $11.83 and its 200-day moving average is $12.71. The stock has a market cap of $441.59 million, a P/E ratio of 24.837 and a beta of 0.36. El Pollo Loco Holdings has a one year low of $10.08 and a one year high of $14.85.
El Pollo Loco Holdings Company Profile
El Pollo Loco Holdings, Inc specializes in fire-grilling citrus-marinated chicken and operates in the limited service restaurant (LSR) segment. The Company’s menu features its signature product, citrus-marinated fire-grilled chicken, and a range of Mexican-inspired entrees that it creates from chicken.
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