Stifel Nicolaus Downgrades El Pollo LoCo Holdings Inc to Hold

Brokerage firm Stifel Nicolaus Downgrades its rating on El Pollo LoCo Holdings Inc(NASDAQ:LOCO). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Stifel Nicolaus was issued on Jul 26, 2016.

El Pollo LoCo Holdings Inc (LOCO) shares turned negative on Fridays trading session with the shares closing down -0.1 points or -0.75% at a volume of 2,01,657. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.29. The peak price level was also seen at $13.29 while the days lowest was $13.03. Finally the shares closed at $13.16. The 52-week high of the shares is $20.15 while the 52-week low is $9.58. According to the latest information available, the market cap of the company is $504 M.

El Pollo LoCo Holdings Inc(LOCO) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $94.35M. Analysts had an estimated revenue of $96.79M. Earnings per share were $0.17. Analysts had estimated an EPS of $0.18.

Several Insider Transactions has been reported to the SEC. On Mar 4, 2016, Samuel N. Borgese (director) sold 11,645 shares at $24.06 per share price.Also, On Mar 4, 2016, Douglas K. Ammerman (director) sold 45,822 shares at $23.51 per share price.On May 22, 2015, Pollo Partners, L.l.c Trimaran (10% owner) sold 5,402,500 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *