StockNews.com upgraded shares of El Pollo Loco (NASDAQ:LOCO – Free Report) from a hold rating to a buy rating in a report issued on Friday morning.
El Pollo Loco Trading Up 2.5 %
NASDAQ LOCO opened at $11.27 on Friday. The company has a market capitalization of $337.41 million, a price-to-earnings ratio of 14.27 and a beta of 1.46. The stock’s 50-day simple moving average is $11.74 and its two-hundred day simple moving average is $12.56. The company has a quick ratio of 0.29, a current ratio of 0.31 and a debt-to-equity ratio of 0.30. El Pollo Loco has a twelve month low of $8.17 and a twelve month high of $14.25.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Point72 DIFC Ltd purchased a new position in El Pollo Loco during the 3rd quarter valued at about $27,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in El Pollo Loco by 91.8% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,094 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 1,002 shares during the period. Quantbot Technologies LP bought a new stake in El Pollo Loco during the 4th quarter valued at approximately $70,000. Quarry LP grew its holdings in shares of El Pollo Loco by 235.6% during the 4th quarter. Quarry LP now owns 7,389 shares of the restaurant operator’s stock worth $85,000 after acquiring an additional 5,187 shares during the period. Finally, Aquatic Capital Management LLC purchased a new position in shares of El Pollo Loco during the 4th quarter worth approximately $107,000. Hedge funds and other institutional investors own 81.28% of the company’s stock.
El Pollo Loco Company Profile
El Pollo Loco Holdings, Inc, through its subsidiary, El Pollo Loco, Inc, develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name. It operates and franchises restaurants located in California, Nevada, Arizona, Texas, Colorado, Utah, and Louisiana. It also licenses its brand to restaurants in the Philippines.
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