El Pollo Loco (LOCO) to Release Earnings on Thursday

El Pollo Loco (NASDAQ:LOCO) will be issuing its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

El Pollo Loco (NASDAQ:LOCO) last posted its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The business had revenue of $122.20 million during the quarter, compared to analysts’ expectations of $120.39 million. El Pollo Loco had a net margin of 5.76% and a return on equity of 10.33%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 EPS. On average, analysts expect El Pollo Loco to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

El Pollo Loco Price Performance

LOCO stock opened at $12.70 on Wednesday. The stock has a market cap of $394.97 million, a price-to-earnings ratio of 15.68 and a beta of 1.49. El Pollo Loco has a 52-week low of $8.11 and a 52-week high of $14.25. The business has a fifty day moving average of $13.43 and a two-hundred day moving average of $11.67. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 0.36.

Insider Buying and Selling

In other El Pollo Loco news, major shareholder Sardar Biglari purchased 62,362 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average cost of $12.47 per share, for a total transaction of $777,654.14. Following the completion of the purchase, the insider now directly owns 87,362 shares in the company, valued at approximately $1,089,404.14. This represents a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders bought 189,177 shares of company stock worth $2,483,158. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LOCO. StockNews.com raised El Pollo Loco from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial lifted their price target on shares of El Pollo Loco from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd.

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.