Biglari Sardar Has $6.70 Million Holdings in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO)

Biglari Sardar boosted its holdings in El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) by 307.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 489,247 shares of the restaurant operator’s stock after acquiring an additional 369,247 shares during the quarter. El Pollo Loco comprises about 14.2% of Biglari Sardar’s investment portfolio, making the stock its 3rd biggest holding. Biglari Sardar’s holdings in El Pollo Loco were worth $6,703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of El Pollo Loco by 91.8% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,094 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 1,002 shares in the last quarter. Quarry LP acquired a new position in shares of El Pollo Loco in the 2nd quarter valued at $30,000. CWM LLC increased its stake in El Pollo Loco by 34.1% in the 2nd quarter. CWM LLC now owns 3,808 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 969 shares in the last quarter. nVerses Capital LLC acquired a new stake in El Pollo Loco during the 3rd quarter worth about $45,000. Finally, SG Americas Securities LLC purchased a new stake in El Pollo Loco during the third quarter valued at about $120,000. 81.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of El Pollo Loco from a “hold” rating to a “buy” rating in a report on Friday, November 8th.

El Pollo Loco Stock Up 0.7 %

NASDAQ:LOCO opened at $12.72 on Monday. The business’s fifty day moving average price is $12.94 and its 200 day moving average price is $12.22. The firm has a market capitalization of $380.84 million, a price-to-earnings ratio of 16.10 and a beta of 1.50. 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.

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 analysts’ consensus estimates of $0.17 by $0.04. El Pollo Loco had a net margin of 5.11% and a return on equity of 10.34%. The business had revenue of $120.40 million during the quarter, compared to analyst estimates of $121.03 million. During the same period in the prior year, the firm earned $0.19 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. On average, sell-side analysts forecast that El Pollo Loco Holdings, Inc. will post 0.83 earnings per share for the current fiscal year.

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.