El Pollo Loco (LOCO) Bullish Stance Reiterated at Jefferies Post Q4

Jefferies analyst Andy Barish reiterated a Buy rating and $27 price target on El Pollo Loco (NASDAQ: LOCO) following Q4 results.

Barish commented, "EPS $0.14 (+55%) beat cons $0.12 as SSS surprised (7.6% vs cons 6.1%) & margins benefited from lower labor costs. LOCO now has 3 stores open in Houston and initial results continue to exceed expectations, paving the way for what we think will be a significant LT development opportunity in TX. Reiterate Buy as we think current 15x EBITDA valuation underappreciates LOCO's robust unit gr opportunity & top-tier operating metrics (MSD-HSD comps & ~20%+ EPS growth)."

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 $24.00 yesterday.

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