El Pollo Loco (LOCO) Bullish View Reiterated at Jefferies

August 5, 2016 9:10 AM EDT
Get Alerts LOCO Hot Sheet
Price: $12.00 +1.69%

Rating Summary:
    4 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 28 | New: 8
Trade LOCO Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Jefferies analyst Andy Barish reiterated a Buy rating and $16 price target on El Pollo Loco (NASDAQ: LOCO) following Q2 results, saying the turnaround is working.

Barish commented, "2Q adj. EPS of $0.19 was $0.01 above our/Cons. est as SSS/traffic regained positive and were slightly better than expected. RLM better but will "invest" in new Houston/Dallas markets in 2H. QTD, traffic is trending positive again. '16 SSS/unit guide was reiterated while performance in Houston market is trending slightly below targets. Our '16/17 EPS tweaked to $0.70/$0.71. PT stays at $16; Buy for small-cap turnaround."

For an analyst ratings summary and ratings history on El Pollo Loco click here. For more ratings news on El Pollo Loco click here.

Shares of El Pollo Loco closed at $13.08 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View

Related Entities

Jefferies & Co

Add Your Comment