Janney Montgomery Scott LLC Has $972,000 Position in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO)

Janney Montgomery Scott LLC increased its position in shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) by 89.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 84,247 shares of the restaurant operator’s stock after buying an additional 39,824 shares during the period. Janney Montgomery Scott LLC’s holdings in El Pollo Loco were worth $972,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 DIFC Ltd acquired a new position in El Pollo Loco during the 3rd quarter worth approximately $27,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of El Pollo Loco by 91.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,094 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 1,002 shares in the last quarter. nVerses Capital LLC acquired a new position in El Pollo Loco during the third quarter worth $45,000. SG Americas Securities LLC bought a new position in El Pollo Loco in the third quarter valued at $120,000. Finally, Centiva Capital LP acquired a new stake in El Pollo Loco in the 3rd quarter valued at $153,000. Institutional investors and hedge funds own 81.28% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of El Pollo Loco from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd.

El Pollo Loco Stock Up 1.2 %

LOCO stock opened at $12.38 on Thursday. El Pollo Loco Holdings, Inc. has a twelve month low of $8.17 and a twelve month high of $14.25. The company has a market cap of $370.66 million, a price-to-earnings ratio of 15.67 and a beta of 1.46. The company has a quick ratio of 0.29, a current ratio of 0.31 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average price of $11.85 and a two-hundred day moving average price of $12.53.

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.