El Pollo Loco (NASDAQ:LOCO) Issues Earnings Results, Beats Estimates By $0.04 EPS

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

El Pollo Loco Stock Performance

NASDAQ:LOCO opened at $11.96 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $357.94 million, a P/E ratio of 13.91 and a beta of 1.49. The company has a fifty day moving average of $13.35 and a 200-day moving average of $11.73. El Pollo Loco has a twelve month low of $8.15 and a twelve month high of $14.25.

Insider Buying and Selling at El Pollo Loco

In other news, major shareholder Sardar Biglari bought 21,325 shares of El Pollo Loco stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of $13.13 per share, for a total transaction of $279,997.25. Following the purchase, the insider now directly owns 159,241 shares in the company, valued at approximately $2,090,834.33. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders purchased 189,177 shares of company stock valued at $2,483,158. Corporate insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

LOCO has been the subject of a number of research analyst reports. Truist Financial upped their price objective on shares of El Pollo Loco from $12.00 to $13.00 and gave the stock a “hold” rating in a research 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.

About El Pollo Loco

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.