El Pollo Loco Beats By $0.01, Revenue In-Line But Still Overvalued – CWEB.com
El Pollo Loco (NASDAQ:LOCO ) today announced financial results for the 13 week period ending December 27, 2017.
Total revenue increased 2.9% to $95.2 million compared to $92.5 million.
El Pollo Loco (NASDAQ:LOCO) is a quick-casual restaurant chain of about 475 units specializing in Mexican-themed fare featuring grilled, citrus-marinated grilled chicken prepared in an open kitchen setting.
El Pollo Loco has traded mostly sideways since 2015.
The company lacks vision and a strategy to attract new customers, instead focusing on existing customers.
El Pollo Loco (NASDAQ:LOCO) has struggled mightily since coming public. The company’s shares continue to languish as the restaurant group is trying to focus in a different direction.
CWEB Analyst’s have initiated a Sell Rating for (NASDAQ:LOCO) and a Price Target of $8 within 6 months.
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