Noteworthy Price Action: What’s Next for El Pollo LoCo Holdings Inc After Today’s Significant Increase?

Noteworthy Price Action: What's Next for El Pollo LoCo Holdings Inc After Today's Significant Increase?

The stock of El Pollo LoCo Holdings Inc (NASDAQ:LOCO) is a huge mover today! About 571,206 shares traded hands or 6.88% up from the average. El Pollo LoCo Holdings Inc (NASDAQ:LOCO) has declined 14.61% since April 8, 2016 and is downtrending. It has underperformed by 20.25% the S&P500.
The move comes after 7 months positive chart setup for the $462.88 million company. It was reported on Nov, 10 by Barchart.com. We have $26.33 PT which if reached, will make NASDAQ:LOCO worth $583.23 million more.

El Pollo LoCo Holdings Inc (NASDAQ:LOCO) Ratings Coverage

Out of 8 analysts covering El Pollo Loco (NASDAQ:LOCO), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. El Pollo Loco has been the topic of 13 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by SunTrust on Wednesday, April 27. SunTrust initiated the shares of LOCO in a report on Thursday, October 8 with “Buy” rating. Zacks downgraded the shares of LOCO in a report on Monday, August 17 to “Buy” rating. The firm earned “Buy” rating on Tuesday, December 1 by Guggenheim. The rating was initiated by Suntrust Robinson on Thursday, October 8 with “Buy”. The rating was upgraded by Zacks to “Hold” on Monday, September 7. The company was downgraded on Tuesday, July 26 by Stifel Nicolaus. The company was downgraded on Friday, November 13 by Robert W. Baird. The firm has “Buy” rating by Stifel Nicolaus given on Friday, August 28. Sidoti initiated El Pollo LoCo Holdings Inc (NASDAQ:LOCO) on Wednesday, January 13 with “Buy” rating.

According to Zacks Investment Research, “El Pollo Loco Holdings, Inc., through its subsidiary, develops, franchises, licenses and operates quick-service restaurants under the name El Pollo Loco. The restaurants specializes in flame-grilled chicken in a variety of contemporary Mexican-influenced entrees, including specialty chicken burritos, chicken quesadillas, chicken tortilla soup, Pollo Bowls and Pollo Salads. El Pollo Loco Holdings, Inc. is headquartered in Costa Mesa, California.”

More notable recent El Pollo LoCo Holdings Inc (NASDAQ:LOCO) news were published by: Fool.com which released: “Why El Pollo Loco Holdings, Inc. Stock Jumped 16.8% in June” on July 12, 2016, also 247Wallst.com with their article: “El Pollo Loco Chokes on Earnings” published on November 04, 2016, Fool.com published: “Why El Pollo Loco Holdings Inc. Stock Dove 16% Last Month” on June 07, 2016. More interesting news about El Pollo LoCo Holdings Inc (NASDAQ:LOCO) were released by: Fool.com and their article: “Why El Pollo Loco Holdings, Inc. Fell 36% in 2015” published on January 05, 2016 as well as Fool.com‘s news article titled: “Why El Pollo Loco Holdings Inc. Stock Sank Today” with publication date: March 11, 2016.

LOCO Company Profile

El Pollo Loco Holdings, Inc., formerly EPL Holdings, Inc., incorporated in 1999, own, operate and franchise restaurants specializing in marinated, flame-grilled chicken. During the fiscal year ended December 28, 2005 (fiscal 2005), the Company’s restaurant system had 340 restaurants, consisting of 146 company-operated and 194 franchised restaurants, located principally in California, with additional restaurants in Arizona, Nevada, Texas and Illinois. In fiscal 2005, the Company closed one company-operated and one franchised restaurant and it opened six company-operated and seven franchised restaurants. The Company’s restaurant is a freestanding building ranging from approximately 2,200 to 2,600 square feet with seating for approximately 60 clients and offering drive-thru convenience.

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