El Pollo Loco (NASDAQ:LOCO) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

El Pollo Loco (NASDAQ:LOCO) posted its quarterly earnings results on Thursday. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04, Briefing.com reports. The firm had revenue of $120.40 million during the quarter, compared to analyst estimates of $121.03 million. El Pollo Loco had a net margin of 5.76% and a return on equity of 10.33%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 earnings per share.

El Pollo Loco Price Performance

Shares of El Pollo Loco stock opened at $11.96 on Friday. El Pollo Loco has a 1-year low of $8.15 and a 1-year high of $14.25. The stock has a market capitalization of $357.94 million, a price-to-earnings ratio of 13.91 and a beta of 1.49. The firm’s 50-day moving average price is $13.35 and its two-hundred day moving average price is $11.73. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 0.36.

Insider Buying and Selling at El Pollo Loco

In other El Pollo Loco news, major shareholder Sardar Biglari purchased 43,161 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of $13.59 per share, for a total transaction of $586,557.99. Following the completion of the purchase, the insider now owns 364,731 shares of the company’s stock, valued at approximately $4,956,694.29. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 189,177 shares of company stock valued at $2,483,158 in the last three months. 1.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LOCO shares. Truist Financial increased their target price on El Pollo Loco from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. StockNews.com lowered El Pollo Loco from a “buy” rating to a “hold” rating in a research note on Thursday.

El Pollo Loco Company Profile

El Pollo Loco Holdings, Inc, through its subsidiary, El Pollo Loco, Inc, develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name. It operates and franchises restaurants located in California, Nevada, Arizona, Texas, Colorado, Utah, and Louisiana. It also licenses its brand to restaurants in the Philippines.