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Craig-Hallum Sticks to Its Buy Rating for El Pollo LoCo (LOCO)

Tipranks - Tipranks - Sat Mar 14, 8:50AM CDT

In a report released today, Jeremy Hamblin from Craig-Hallum reiterated a Buy rating on El Pollo LoCo, with a price target of $20.00.

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Hamblin covers the Consumer Cyclical sector, focusing on stocks such as Boot Barn, Five Below, and Citi Trends. According to TipRanks, Hamblin has an average return of 7.7% and a 48.48% success rate on recommended stocks.

In addition to Craig-Hallum, El Pollo LoCo also received a Buy from TipRanks – Google’s Google Restaurants in a report issued today. However, on the same day, Truist Financial assigned a Hold rating to El Pollo LoCo (NASDAQ: LOCO).

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Based on El Pollo LoCo’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $123.52 million and a net profit of $6.54 million. In comparison, last year the company earned a revenue of $114.28 million and had a net profit of $5.95 million

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