El Pollo LoCo Holdings Inc (LOCO) Releases Earnings Results, Beats Expectations By $0.01 EPS

El Pollo LoCo Holdings Inc (LOCO) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.18. The company posted revenue of $97.50 million in the period, compared to analysts expectations of $96.66 million. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on El Pollo LoCo Holdings Inc. El Pollo LoCo Holdings Inc was Downgraded by Stifel to ” Hold” on Jul 26, 2016.

El Pollo LoCo Holdings Inc closed down -0.78 points or -5.87% at $12.5 with 8,80,747 shares getting traded on Tusday. Post opening the session at $13.25, the shares hit an intraday low of $12.27 and an intraday high of $13.25 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

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.

El Pollo LoCo Holdings Inc

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