LSV Asset Management Sells 71,000 Shares of El Pollo Loco Holdings, Inc. $LOCO

LSV Asset Management lessened its holdings in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) by 4.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,489,052 shares of the restaurant operator’s stock after selling 71,000 shares during the quarter. LSV Asset Management’s holdings in El Pollo Loco were worth $14,444,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Divisadero Street Capital Management LP lifted its holdings in El Pollo Loco by 495.3% in the second quarter. Divisadero Street Capital Management LP now owns 1,231,087 shares of the restaurant operator’s stock valued at $13,554,000 after buying an additional 1,024,302 shares during the period. First Eagle Investment Management LLC raised its position in shares of El Pollo Loco by 17.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 726,393 shares of the restaurant operator’s stock valued at $7,998,000 after acquiring an additional 106,500 shares during the last quarter. Millennium Management LLC lifted its stake in shares of El Pollo Loco by 197.4% in the 1st quarter. Millennium Management LLC now owns 680,391 shares of the restaurant operator’s stock valued at $7,008,000 after purchasing an additional 451,575 shares during the period. Tieton Capital Management LLC lifted its stake in shares of El Pollo Loco by 22.3% in the 2nd quarter. Tieton Capital Management LLC now owns 629,990 shares of the restaurant operator’s stock valued at $6,936,000 after purchasing an additional 114,850 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of El Pollo Loco by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 615,280 shares of the restaurant operator’s stock worth $6,776,000 after purchasing an additional 20,222 shares during the last quarter. Institutional investors and hedge funds own 81.28% of the company’s stock.

El Pollo Loco Stock Up 1.3%

NASDAQ:LOCO opened at $10.51 on Friday. El Pollo Loco Holdings, Inc. has a 1 year low of $8.29 and a 1 year high of $12.65. The stock has a 50-day moving average price of $10.84 and a two-hundred day moving average price of $10.42. The stock has a market cap of $314.77 million, a price-to-earnings ratio of 11.94 and a beta of 1.01. The company has a current ratio of 0.41, a quick ratio of 0.38 and a debt-to-equity ratio of 0.22.

Analysts Set New Price Targets

LOCO has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price objective on El Pollo Loco from $12.00 to $13.50 and gave the company a “buy” rating in a report on Monday, December 15th. Zacks Research lowered El Pollo Loco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Truist Financial increased their price target on shares of El Pollo Loco from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Thursday, January 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of El Pollo Loco in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, El Pollo Loco currently has a consensus rating of “Hold” and an average price target of $14.50.

El Pollo Loco Company Profile

El Pollo Loco (NASDAQ: LOCO) is a fast-casual restaurant chain specializing in Mexican-style fire-grilled chicken and complementary menu offerings. The company’s signature product is its marinated, flame-grilled chicken, which is prepared in an open-flame rotisserie and served in a variety of formats including tacos, burritos, bowls and salads. In addition to its core chicken offerings, El Pollo Loco menu items feature fresh-made salsas, guacamole, sides such as charro beans and fresh tortillas, as well as a selection of beverages and desserts.

Founded in 1975 in Guasave, Sinaloa, Mexico, by Juan Francisco Ochoa, the concept expanded into the United States in 1980 with its first U.S.