El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued on Wednesday. The firm presently has a $14.00 target price on the restaurant operator’s stock. Zacks Investment Research‘s target price suggests a potential upside of 14.75% from the company’s previous close.

According to Zacks, “El Pollo Loco Holdings, Inc., through its subsidiary, develops, franchises, licenses and operates quick-service restaurants under the name El Pollo Loco. The restaurants specializes in flame-grilled chicken in a variety of contemporary Mexican-influenced entrees, including specialty chicken burritos, chicken quesadillas, chicken tortilla soup, Pollo Bowls and Pollo Salads. El Pollo Loco Holdings, Inc. is headquartered in Costa Mesa, California. “

Other research analysts have also issued research reports about the company. Robert W. Baird increased their target price on El Pollo Loco Holdings from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, June 9th. BidaskClub lowered El Pollo Loco Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reiterated a “buy” rating on shares of El Pollo Loco Holdings in a research report on Wednesday, July 19th. Finally, Morgan Stanley decreased their target price on El Pollo Loco Holdings from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.25.

El Pollo Loco Holdings (NASDAQ LOCO) remained flat at $12.20 during midday trading on Wednesday. 92,897 shares of the company traded hands. El Pollo Loco Holdings has a 52 week low of $10.08 and a 52 week high of $14.85. The firm has a market cap of $471.54 million, a price-to-earnings ratio of 26.52 and a beta of 0.36. The stock has a 50 day moving average of $11.66 and a 200 day moving average of $12.72.

El Pollo Loco Holdings (NASDAQ:LOCO) last announced its earnings results on Thursday, August 3rd. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. El Pollo Loco Holdings had a return on equity of 9.56% and a net margin of 4.66%. The firm had revenue of $105.60 million for the quarter, compared to analyst estimates of $105.83 million. During the same quarter last year, the firm posted $0.19 EPS. The business’s revenue was up 8.3% on a year-over-year basis. Analysts expect that El Pollo Loco Holdings will post $0.67 EPS for the current year.

TRADEMARK VIOLATION WARNING: “El Pollo Loco Holdings, Inc. (LOCO) Raised to Buy at Zacks Investment Research” was published by Marea Informative and is owned by of Marea Informative. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at http://www.mareainformativa.com/el-pollo-loco-holdings-inc-loco-raised-to-buy-at-zacks-investment-research/116256/.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System increased its stake in shares of 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 worth $134,000 after acquiring an additional 100 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in shares of 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 worth $145,000 after acquiring an additional 500 shares during the last quarter. Garner Asset Management Corp acquired a new stake in shares of El Pollo Loco Holdings in the 2nd quarter worth $145,000. Virtu KCG Holdings LLC acquired a new stake in shares of El Pollo Loco Holdings in the 2nd quarter worth $157,000. Finally, Hartford Investment Management Co. acquired a new stake in shares of El Pollo Loco Holdings in the 2nd quarter worth $187,000. 77.16% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for El Pollo Loco Holdings (NASDAQ:LOCO)

Receive News & Stock Ratings for El Pollo Loco Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for El Pollo Loco Holdings Inc. and related stocks with our FREE daily email newsletter.