Domo signs strategic collaboration agreement with AWS for AI solutions
Samuel N. Borgese, a director at El Pollo Loco Holdings, Inc. (NASDAQ:LOCO), recently sold shares of the company's common stock totaling approximately $412,153. The transactions occurred over several dates, with prices ranging from $9.30 to $11.06 per share. The sales come as the stock has experienced significant pressure, declining nearly 30% over the past six months to its current price of $9.28.
The sales began on January 18, 2023, with Borgese selling 20,011 shares at an average price of $11.06. Subsequent transactions included the sale of 4,643 shares on May 26, 2023, at $9.30 per share, and a series of sales in May 2024. Notably, on May 9, 2024, Borgese sold 9,934 shares at $10.48 per share. With a current P/E ratio of 10.8 and technical indicators suggesting oversold conditions, InvestingPro analysis indicates the stock may be undervalued at current levels.
These transactions were conducted under a Rule 10b5-1 trading plan, which was adopted by Borgese on November 18, 2022. Following these sales, Borgese holds 20,250 shares of El Pollo Loco common stock directly, representing a stake in the $277 million market cap company.
In other recent news, El Pollo Loco Holdings Inc . reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.20, compared to the forecast of $0.14. Revenue also exceeded projections, reaching $114.3 million against the expected $113.24 million. This performance highlights the company's operational efficiency, with a restaurant contribution margin improving to 16.7% from 15.8% in the previous year. El Pollo Loco plans to open 10 new restaurants in 2025, indicating a strategic focus on expansion. In analyst developments, Craig-Hallum initiated coverage on El Pollo Loco shares with a Buy rating and set a price target of $18.00, emphasizing the company's margin expansion as a key driver for potential stock gains. The endorsement from Craig-Hallum could attract more attention to the stock as the market evaluates the company's potential for growth. Additionally, the company is planning new product launches for spring and summer 2025, aiming to enhance its culinary offerings. These recent developments suggest El Pollo Loco is positioning itself for a growth phase, leveraging its improved financial position and strategic initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.