El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) Short Interest Down 12.0% in October

El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 1,100,000 shares, a decrease of 12.0% from the October 15th total of 1,250,000 shares. Based on an average daily volume of 296,600 shares, the short-interest ratio is presently 3.7 days. Approximately 4.2% of the shares of the company are short sold.

El Pollo Loco Stock Up 1.2 %

LOCO opened at $8.98 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.42 and a quick ratio of 0.39. El Pollo Loco has a 12 month low of $8.11 and a 12 month high of $13.00. The stock’s 50 day moving average price is $8.67 and its 200 day moving average price is $9.35. The stock has a market cap of $295.89 million, a P/E ratio of 11.37 and a beta of 1.39.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. CNA Financial Corp acquired a new position in El Pollo Loco during the 1st quarter worth $4,322,000. EA Series Trust acquired a new stake in shares of El Pollo Loco in the second quarter valued at $563,000. Virtu Financial LLC acquired a new stake in shares of El Pollo Loco in the first quarter valued at $193,000. ProVise Management Group LLC acquired a new stake in shares of El Pollo Loco in the second quarter valued at $163,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of El Pollo Loco in the second quarter valued at $421,000. Institutional investors and hedge funds own 60.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com assumed coverage on shares of El Pollo Loco in a report on Thursday, October 5th. They set a “hold” rating on the stock. TheStreet cut shares of El Pollo Loco from a “b-” rating to a “c+” rating in a research report on Tuesday, September 5th.

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 franchised restaurants located in California, Nevada, Arizona, Texas, Utah, and Louisiana. It also licenses its brand to restaurants in the Philippines.