Assenagon Asset Management S.A. Has $1.46 Million Position in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO)

Assenagon Asset Management S.A. cut its stake in shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) by 16.5% in the fourth quarter, Holdings Channel reports. The fund owned 126,080 shares of the restaurant operator’s stock after selling 24,940 shares during the period. Assenagon Asset Management S.A.’s holdings in El Pollo Loco were worth $1,455,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in El Pollo Loco by 22.5% during the third quarter. JPMorgan Chase & Co. now owns 411,298 shares of the restaurant operator’s stock worth $5,635,000 after buying an additional 75,542 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of El Pollo Loco by 372.6% in the third quarter. Franklin Resources Inc. now owns 70,409 shares of the restaurant operator’s stock valued at $951,000 after acquiring an additional 55,510 shares during the last quarter. Barclays PLC boosted its holdings in shares of El Pollo Loco by 49.4% in the 3rd quarter. Barclays PLC now owns 65,845 shares of the restaurant operator’s stock worth $901,000 after acquiring an additional 21,770 shares in the last quarter. Jane Street Group LLC grew its position in El Pollo Loco by 99.2% during the 3rd quarter. Jane Street Group LLC now owns 60,541 shares of the restaurant operator’s stock worth $829,000 after acquiring an additional 30,143 shares during the last quarter. Finally, State Street Corp increased its holdings in El Pollo Loco by 2.5% during the 3rd quarter. State Street Corp now owns 593,425 shares of the restaurant operator’s stock valued at $8,130,000 after purchasing an additional 14,692 shares in the last quarter. Institutional investors and hedge funds own 81.28% of the company’s stock.

El Pollo Loco Stock Performance

El Pollo Loco stock opened at $11.47 on Friday. The company has a market cap of $343.41 million, a PE ratio of 14.52 and a beta of 1.47. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.30. El Pollo Loco Holdings, Inc. has a 1 year low of $8.17 and a 1 year high of $14.25. The company’s 50-day moving average is $11.94 and its two-hundred day moving average is $12.48.

El Pollo Loco (NASDAQ:LOCO) last posted its quarterly earnings results on Thursday, October 31st. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. El Pollo Loco had a return on equity of 10.34% and a net margin of 5.11%. The business had revenue of $120.40 million for the quarter, compared to analyst estimates of $121.03 million. During the same period last year, the company earned $0.19 EPS. The firm’s revenue was up .0% on a year-over-year basis. Equities analysts anticipate that El Pollo Loco Holdings, Inc. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of El Pollo Loco from a “buy” rating to a “hold” rating in a research report on Wednesday.

El Pollo Loco Company Profile

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.