Principal Financial Group Inc. Boosts Stake in El Pollo Loco Holdings, Inc. (LOCO)

Principal Financial Group Inc. raised its stake in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) by 3.5% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 163,532 shares of the restaurant operator’s stock after buying an additional 5,527 shares during the period. Principal Financial Group Inc. owned approximately 0.43% of El Pollo Loco Holdings worth $1,954,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LOCO. State Street Corp boosted its position in shares of El Pollo Loco Holdings by 10.1% in the fourth quarter. State Street Corp now owns 380,158 shares of the restaurant operator’s stock valued at $4,679,000 after buying an additional 34,822 shares during the last quarter. Comerica Bank boosted its position in shares of El Pollo Loco Holdings by 6.4% in the fourth quarter. Comerica Bank now owns 22,802 shares of the restaurant operator’s stock valued at $284,000 after buying an additional 1,370 shares during the last quarter. Blair William & Co. IL boosted its position in shares of El Pollo Loco Holdings by 344.4% in the first quarter. Blair William & Co. IL now owns 91,399 shares of the restaurant operator’s stock valued at $1,142,000 after buying an additional 70,830 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of El Pollo Loco Holdings during the fourth quarter valued at approximately $551,000. Finally, Oxford Asset Management purchased a new stake in shares of El Pollo Loco Holdings during the first quarter worth approximately $1,547,000. Institutional investors and hedge funds own 77.38% of the company’s stock.

El Pollo Loco Holdings, Inc. (NASDAQ LOCO) opened at 12.05 on Thursday. The company has a market capitalization of $463.53 million, a price-to-earnings ratio of 26.78 and a beta of 0.31. The company’s 50-day moving average is $13.69 and its 200-day moving average is $12.89. El Pollo Loco Holdings, Inc. has a 52-week low of $10.08 and a 52-week high of $14.85.

El Pollo Loco Holdings (NASDAQ:LOCO) last released its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. El Pollo Loco Holdings had a return on equity of 8.15% and a net margin of 4.66%. The company had revenue of $105.60 million during the quarter, compared to the consensus estimate of $105.83 million. During the same period last year, the company earned $0.19 EPS. El Pollo Loco Holdings’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts expect that El Pollo Loco Holdings, Inc. will post $0.67 earnings per share for the current fiscal year.

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A number of brokerages have commented on LOCO. Zacks Investment Research upgraded shares of El Pollo Loco Holdings from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Tuesday, June 27th. Robert W. Baird increased their price target on shares of El Pollo Loco Holdings from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, June 9th. Jefferies Group LLC reiterated a “buy” rating on shares of El Pollo Loco Holdings in a research note on Wednesday, July 19th. BidaskClub cut shares of El Pollo Loco Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, TheStreet upgraded shares of El Pollo Loco Holdings from a “d+” rating to a “c-” rating in a research note on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. El Pollo Loco Holdings has a consensus rating of “Hold” and a consensus price target of $15.00.

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.

Institutional Ownership by Quarter for El Pollo Loco Holdings (NASDAQ:LOCO)

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