Today, Short Interest in El Pollo Loco Holdings Inc. (LOCO) Rises By 33.0%

Today, Short Interest in El Pollo Loco Holdings Inc. (LOCO) Rises By 33.0%

El Pollo Loco Holdings Inc. (NASDAQ:LOCO) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 3,788,811 shares, an increase of 33.0% from the August 31st total of 2,848,185 shares. Based on an average daily trading volume, of 832,545 shares, the short-interest ratio is currently 4.6 days. Approximately 17.5% of the company’s shares are sold short.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SG Capital Management LLC purchased a new position in shares of El Pollo Loco Holdings during the second quarter worth about $10,089,000. Lord Abbett & CO. LLC boosted its position in El Pollo Loco Holdings by 30.7% in the second quarter. Lord Abbett & CO. LLC now owns 1,415,252 shares of the company’s stock valued at $18,398,000 after buying an additional 332,341 shares during the period. Renaissance Technologies LLC bought a new position in El Pollo Loco Holdings during the first quarter valued at $3,626,000. FMR LLC boosted its position in El Pollo Loco Holdings by 21.4% in the second quarter. FMR LLC now owns 1,373,400 shares of the company’s stock valued at $17,854,000 after buying an additional 241,674 shares during the period. Finally, Champlain Investment Partners LLC boosted its position in El Pollo Loco Holdings by 21.5% in the first quarter. Champlain Investment Partners LLC now owns 1,347,375 shares of the company’s stock valued at $17,974,000 after buying an additional 238,310 shares during the period. Hedge funds and other institutional investors own 73.49% of the company’s stock.

A number of research firms have recently commented on LOCO. Zacks Investment Research upgraded El Pollo Loco Holdings from a “sell” rating to a “hold” rating in a report on Thursday, September 1st. Morgan Stanley restated a “hold” rating and set a $15.00 price objective on shares of El Pollo Loco Holdings in a report on Friday, August 5th. Jefferies Group restated a “buy” rating and set a $16.00 price objective on shares of El Pollo Loco Holdings in a report on Thursday, August 4th. Robert W. Baird reaffirmed a “neutral” rating and set a $15.00 price target on shares of El Pollo Loco Holdings in a research report on Monday, August 8th. Finally, Vetr cut shares of El Pollo Loco Holdings from a “hold” rating to a “sell” rating and set a $12.74 price target for the company. in a research report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $15.53.

El Pollo Loco Holdings (NASDAQ:LOCO) opened at 11.90 on Friday. The firm has a 50-day moving average of $13.33 and a 200-day moving average of $12.87. El Pollo Loco Holdings has a 52-week low of $9.58 and a 52-week high of $15.44. The stock has a market capitalization of $457.19 million, a PE ratio of 20.17 and a beta of 0.21.

El Pollo Loco Holdings (NASDAQ:LOCO) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. The firm earned $97.50 million during the quarter, compared to analysts’ expectations of $96.66 million. El Pollo Loco Holdings had a net margin of 6.20% and a return on equity of 11.01%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 earnings per share. On average, equities analysts expect that El Pollo Loco Holdings will post $0.70 EPS for the current year.

El Pollo Loco Holdings Company Profile

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