El Pollo Loco Holdings, Inc. (NASDAQ:LOCO).
Morgan Stanley says it raised its ownership in El Pollo Loco Holdings, Inc. shares by 5.1% in the quarter ending 03/31/2017. Its stake was valued at $34,000 an increase of $1,000 as of the end of the quarter.
Other firms have also shifted positions in (LOCO). As of the end of the quarter Tower Research Capital LLC (trc) had sold 642 shares trimming its position 76.2%. The value of the investment in El Pollo Loco Holdings, Inc. went from $10,000 to $2,000 a change of $8,000 for the reporting period. Goldman Sachs Group Inc expanded its ownership by buying 6,500 shares an increase of 30.5% as of 03/31/2017. Goldman Sachs Group Inc claims 27,800 shares valued at $332,000. The value of the position overall is up by 26.7%.
As of quarter end Armistice Capital, LLC had acquired a total of 266,000 shares growing its stake by 69.3%. The value of the total investment in El Pollo Loco Holdings, Inc. increased from $4,723,000 to $7,768,000 a change of 64.5% quarter to quarter.
On November 4 the company was downgraded to “Market Perform” from “Outperform” in a statement from William Blair. On November 4 the stock rating was downgraded from “Outperform” to “Market Perform” in an announcement from Wells Fargo.
On July 26 the company was changed to a “Hold” according to a Stifel Nicolaus report which is down from the previous “Buy” rating. On April 27 the stock rating was downgraded to “Neutral” from “Buy” by SunTrust Robinson Humphrey.
On January 13 analysts at Sidoti & Co. starting coverage on the stock setting a rating of “Buy” and projecting a price target of $17.00. Guggenheim Securities added LOCO to its research portfolio with an initial rating of “Buy” and setting a price target of $18.00.
The company is so far trading up since yesterday’s close of $13.3. It is trading at $13.43 marginally under $13.90, the 50 day moving average and just above the 200 day moving average of $12.80. The 50 day moving average was down by -3.63% and the 200 day average was up $0.60.
The P/E ratio is 29.78 and market capitalization is 515.46M. In the latest earnings report the EPS was $0.45 and is expected to be $0.68 for the current year with 38,467,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.19 and the next full year EPS is projected to be $0.73.
Investors are a little more bearish on El Pollo Loco Holdings, Inc. recently if you take note of the increase in short interest. The company recorded a rise in short interest from June 15, 2017 to May 31, 2017 of 8.42%. Short interest grew from 1,893,724 to 2,053,186 over that timeframe. The short-interest ratio decreased to 6.1 and the short interest percentage is 0.05% as of May 31.