Q2 2024 EPS Estimates for El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) Decreased by William Blair

El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) – Research analysts at William Blair lowered their Q2 2024 earnings estimates for El Pollo Loco in a research report issued to clients and investors on Friday, May 3rd. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings per share of $0.22 for the quarter, down from their prior forecast of $0.23. The consensus estimate for El Pollo Loco’s current full-year earnings is $0.63 per share. William Blair also issued estimates for El Pollo Loco’s Q4 2024 earnings at $0.08 EPS.

El Pollo Loco (NASDAQ:LOCO) last released its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.08. The company had revenue of $116.15 million during the quarter, compared to the consensus estimate of $111.09 million. El Pollo Loco had a return on equity of 10.13% and a net margin of 5.64%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 earnings per share.

LOCO has been the topic of a number of other reports. StockNews.com upgraded El Pollo Loco from a “hold” rating to a “buy” rating in a report on Monday. Truist Financial boosted their price objective on El Pollo Loco from $10.00 to $12.00 and gave the company a “hold” rating in a report on Friday.

El Pollo Loco Trading Up 3.1 %

NASDAQ:LOCO opened at $10.32 on Monday. El Pollo Loco has a 52 week low of $8.11 and a 52 week high of $11.99. The firm’s fifty day moving average is $8.91 and its 200-day moving average is $8.85. The firm has a market cap of $321.78 million, a P/E ratio of 12.74 and a beta of 1.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.32 and a current ratio of 0.11.

Institutional Investors Weigh In On El Pollo Loco

Hedge funds have recently made changes to their positions in the business. Fund 1 Investments LLC purchased a new position in El Pollo Loco in the fourth quarter worth $7,746,000. AQR Capital Management LLC boosted its position in El Pollo Loco by 33.1% during the 3rd quarter. AQR Capital Management LLC now owns 541,441 shares of the restaurant operator’s stock valued at $4,846,000 after buying an additional 134,673 shares during the period. GSA Capital Partners LLP purchased a new position in shares of El Pollo Loco in the third quarter valued at about $1,162,000. Assenagon Asset Management S.A. increased its holdings in El Pollo Loco by 35.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 355,759 shares of the restaurant operator’s stock valued at $3,138,000 after purchasing an additional 93,476 shares during the period. Finally, Quest Partners LLC bought a new position in El Pollo Loco during the 4th quarter valued at approximately $685,000. 81.28% of the stock is currently owned by institutional investors.

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.