Shares in El Pollo Loco plummeted 2.59 or 14.11% to 18.36.
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El Pollo Loco reported revenue of $89.5 million for the second quarter, up 3% from the year-ago quarter, but below analysts’ estimates of $92.96 million.
Shares of LOCO closed up 2.9% at $18.36 on its 52-week trading range of $17.51 to $40.89 on 3.75 times its normal volume. (NASDAQ:LOCO). In the latest research report, Jefferies lowers the target price from $30 per share to $27 per share on the shares. The 50-Day Moving Average price is $19.61 and the 200 Day Moving Average price is recorded at $23.66.
El Pollo Loco Holdings(NASDAQ:LOCO) announced the earnings results for Fiscal Year 2015 and Q2. Vetr downgraded shares of El Pollo LoCo Holdings from a “strong-buy” rating to a “buy” rating and set a $21.80 price target on the stock.in a research note on Wednesday, August 5th.
William Blair reiterated an Outperform rating. The company has a market capitalization of $687.36 million and a price-to-earnings ratio of 15.33. Baird upgraded shares of El Pollo LoCo Holdings from a neutral rating to an outperform rating and set a $34.00 price target for the company in a research report on Saturday, May 16th.
Analysts had expected earnings of 18 cents on revenue of $93 million.
El Pollo Loco Holdings, Inc. (NASDAQ:LOCO): On Thursday heightened volatility was witnessed in El Pollo Loco Holdings, Inc. During last 3 month period, -18.48% of total institutional ownership has changed in the company shares. (NASDAQ:LOCO) at 1.8. Research Analysts at Zacks have ranked the company at 2, suggesting the traders with a rating of buy for the short term.
Pro forma net income increased 21.4% to $7.4 million, or $0.19 per diluted share, compared to $6.1 million, or $0.16 per diluted share. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The total value of the transaction was worth $530,229.
In other El Pollo LoCo Holdings news, Director Samuel N. Borgese sold 25,249 shares of the stock in a transaction on Tuesday, June 2nd. The disclosure for this sale can be found here.
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The Costa Mesa, Calif.-based restaurant operator, whose name in Spanish means “the insane chicken”, offers a Mexico- inspired menu. The Company is a subsidiary of Trimaran Pollo Partners, LLC. However, sales at franchised restaurants grew 2.6%.
