El Pollo LoCo Holdings Inc (LOCO) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Jul 26, 2016.
On the company’s financial health, El Pollo LoCo Holdings Inc reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.18. The company had revenue of $94.30 million for the quarter, compared to analysts expectations of $96.80 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.
El Pollo LoCo Holdings Inc opened for trading at $13.5 and hit $13.64 on the upside on Wednesday, eventually ending the session at $13.48, with a gain of 0.15% or 0.02 points. The heightened volatility saw the trading volume jump to 2,03,630 shares. Company has a market cap of $516 M.
In a different news, on Mar 4, 2016, Samuel N. Borgese (director) sold 11,645 shares at $24.06 per share price. According to the SEC, on Mar 4, 2016, Douglas K. Ammerman (director) sold 45,822 shares at $23.51 per share price. On May 21, 2015, Edward Valle (Chief Marketing Officer) sold 175,000 shares at $21.85 per share price, according to the Form-4 filing with the securities and exchange commission.
El Pollo Loco Holdings Inc. is a restaurant concept that specializes in fire-grilling citrus-marinated chicken. The Company’s activities are conducted principally through its indirect subsidiary El Pollo Loco Inc. (EPL) which develops franchises licenses and operates quick-service restaurants under the name El Pollo Loco. The restaurants are located in California Arizona Nevada Texas and Utah. The Company offers flame-grilled chicken in a range of contemporary Mexican-influenced entrees including specialty chicken burritos chicken quesadillas chicken tortilla soup Pollo Bowls and Pollo Salads. As of December 31 2014 the Company operated 172 (134 in the greater Los Angeles area) and franchised 243 (137 in the greater Los Angeles area) El Pollo Loco restaurants.