The Bank of New York Mellon Corp invests in 9,026 by purchasing El Pollo Loco Holdings Inc. (LOCO) shares

The Bank of New York Mellon Corp invests in 9,026 by purchasing El Pollo Loco Holdings Inc. (LOCO) shares

Bank of New York Mellon Corp increased its position in El Pollo Loco Holdings Inc. (NASDAQ:LOCO) by 11.1% during the second quarter, Holdings Channel reports. The firm owned 90,565 shares of the company’s stock after buying an additional 9,026 shares during the period. Bank of New York Mellon Corp owned about 0.24% of El Pollo Loco Holdings worth $1,177,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of LOCO. Nordea Investment Management AB boosted its stake in shares of El Pollo Loco Holdings by 670.4% in the second quarter. Nordea Investment Management AB now owns 31,007 shares of the company’s stock worth $403,000 after buying an additional 26,982 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in shares of El Pollo Loco Holdings during the first quarter worth about $145,000. Pinnacle Holdings LLC bought a new stake in shares of El Pollo Loco Holdings during the first quarter worth about $874,000. Geode Capital Management LLC boosted its stake in shares of El Pollo Loco Holdings by 20.3% in the first quarter. Geode Capital Management LLC now owns 159,756 shares of the company’s stock worth $2,131,000 after buying an additional 27,005 shares during the period. Finally, State Street Corp boosted its stake in shares of El Pollo Loco Holdings by 9.1% in the first quarter. State Street Corp now owns 182,395 shares of the company’s stock worth $2,432,000 after buying an additional 15,147 shares during the period. 73.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of El Pollo Loco Holdings Inc. (NASDAQ:LOCO) traded up 0.43% during trading on Friday, hitting $11.55. The stock had a trading volume of 95,311 shares. The company has a market cap of $443.74 million, a PE ratio of 19.58 and a beta of 0.21. El Pollo Loco Holdings Inc. has a 12 month low of $9.58 and a 12 month high of $15.44. The stock has a 50 day moving average of $13.02 and a 200 day moving average of $12.84.

El Pollo Loco Holdings (NASDAQ:LOCO) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.01. El Pollo Loco Holdings had a return on equity of 11.01% and a net margin of 6.20%. The company earned $97.50 million during the quarter, compared to analyst estimates of $96.66 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. El Pollo Loco Holdings’s revenue was up 8.9% compared to the same quarter last year. Equities analysts forecast that El Pollo Loco Holdings Inc. will post $0.70 EPS for the current fiscal year.

A number of analysts recently issued reports on the company. Stifel Nicolaus cut El Pollo Loco Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Robert W. Baird reissued a “neutral” rating on shares of El Pollo Loco Holdings in a report on Thursday, September 8th. Zacks Investment Research upgraded El Pollo Loco Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 25th. Morgan Stanley restated a “hold” rating and issued a $15.00 target price on shares of El Pollo Loco Holdings in a research note on Friday, August 5th. Finally, Jefferies Group restated a “buy” rating and issued a $16.00 target price on shares of El Pollo Loco Holdings in a research note on Monday, September 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. El Pollo Loco Holdings presently has an average rating of “Hold” and a consensus target price of $15.53.

About El Pollo Loco Holdings

El Pollo Loco Holdings, Inc is a restaurant concept that offers fire-grilling citrus-marinated chicken. The Company operates in the limited service restaurant segment. The Company’s activities are conducted through its subsidiary, El Pollo Loco, Inc (EPL), which develops, franchises, licenses and operates quick-service restaurants under the name El Pollo Loco.

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