El Pollo Loco Holdings Stock (NASDAQ: LOCO)

El Pollo Loco Holdings (NASDAQ:LOCO) Stock

El Pollo Loco Holdings

El Pollo Loco Holdings Inc operates and franchises hundreds of fast-casual chicken restaurants in the United States. Restaurant locations are typically free-standing and include drive-thrus, and menus include many low-priced options. Poultry is the company's largest food cost, accounting for roughly 38% of total food and paper cost, and the company manages that commodity price risk by using multiple suppliers and entering supply contracts of varying lengths depending on market conditions.

Earnings

Large Cap

News

Guidance

Dividends

Retail Sales

Buybacks

Restaurants

Small Cap

Markets

Analyst Ratings

Trading Ideas

General

LOCO

PBPB

TXRH

WING

Wingstop Inc. (NASDAQ: WING) is likely to benefit from unit expansion, franchise model and technological initiatives. The company&#39;s focus on enhancing shareholder value bodes well. However, a challenging macroeconomic environment and elevated costs are concerns.

Here&#39;s Why You Should Retain Wingstop Stock in Your Portfolio Now

Mid Cap

Events

Dine Brands Global, Inc.&#39;s (NYSE: DIN) affiliate, Dine Brands International, expands its global presence with new deals and the launch of its first dual-branded Applebee&#39;s and IHOP restaurant in San Pedro Sula, Honduras.

DIN Expands Global Reach With New Dual-Branded Restaurant

Offerings

JACK

Jack in the Box Inc. (NASDAQ: JACK) is likely to benefit from menu innovation, digital efforts and unit expansion efforts. Also, the focus on the re-image program bodes well. However, dismal comps and elevated labor costs are concerns.

Here&#39;s Why You Should Retain JACK Stock in Your Portfolio

El Pollo Loco Holdings, Inc. - Common Stock

El Pollo Loco Holdings Inc

<h3>Gainers</h3>
<ul>
<li>Phoenix Motor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) stock rose 11.3% to $0.51 during Thursday's after-market session. The market value of their outstanding shares is at $18.8 million. </li>
<li>Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) stock increased by 5.31% to $196.31. The company's market cap stands at $2.0 trillion. The company's, Q3 earnings came out today. </li>
<li>Fly-E Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYE#NASDAQ">FLYE</a>) stock moved upwards by 5.16% to $0.71. The company's market cap stands at $17.4 million. </li>
<li>Newegg Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) shares rose 4.99% to $0.64. The market value of their outstanding shares is at $244.1 million. </li>
<li>Golden Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDEN#NASDAQ">GDEN</a>) shares moved upwards by 4.98% to $30.84. The market value of their outstanding shares is at $873.2 million. </li>
<li>Bowlero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOWL#NYSE">BOWL</a>) stock rose 4.91% to $10.88. The company's market cap stands at $1.6 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Visionary Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) stock declined by 17.8% to $1.02 during Thursday's after-market session. The company's market cap stands at $3.8 million. </li>
<li>Fox Factory Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXF#NASDAQ">FOXF</a>) shares fell 13.31% to $31.2. The company's market cap stands at $1.3 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Alta Global Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MMA#AMEX">MMA</a>) shares declined by 11.26% to $2.14. The company's market cap stands at $22.4 million. </li>
<li>BJ's Restaurants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJRI#NASDAQ">BJRI</a>) stock decreased by 9.68% to $33.5. The market value of their outstanding shares is at $775.6 million. As per the news, the Q3 earnings report came out today. </li>
<li>El Pollo Loco Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) shares decreased by 5.41% to $11.56. The market value of their outstanding shares is at $341.7 million. As per the press release, Q3 earnings came out today. </li>
<li>CarParts.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTS#NASDAQ">PRTS</a>) stock declined by 5.38% to $0.79. The market value of their outstanding shares is at $41.5 million. As per the news, the Q3 earnings report came out 2 days ago. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

AMZN

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12 Consumer Discretionary Stocks Moving In Thursday's After-Market Session

El Pollo Loco Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) reported quarterly earnings of $0.21 per share which beat the analyst consensus estimate of $0.17 by 23.53 percent. This is a 10.53 percent increase over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $120.39 million which missed the analyst consensus estimate of $121.03 million by 0.52 percent. This is a 0 percent decrease over sales of $120.40 million the same period last year.

Earnings Beats

Earnings Misses

El Pollo Loco Holdings Q3 Adj $0.21 Beats $0.17 Estimate, Sales $120.39M Miss $121.03M Estimate

El Pollo Loco Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) is preparing to release its quarterly earnings on Thursday, 2024-10-31. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect El Pollo Loco Holdings to report an earnings per share (EPS) of $0.17.
Investors in El Pollo Loco Holdings are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings History Snapshot</h3>
During the last quarter, the company reported an EPS beat by $0.05, leading to a 0.67% increase in the share price on the subsequent day.
Here's a look at El Pollo Loco Holdings's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.21</td>
<td>0.14</td>
<td>0.16</td>
<td>0.19</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.26</td>
<td>0.22</td>
<td>0.16</td>
<td>0.19</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>16.0%</td>
<td>-4.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730322088_0.png" alt="eps graph" />
<h3>Analyst Observations about El Pollo Loco Holdings</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on El Pollo Loco Holdings.
A total of 1 analyst ratings have been received for El Pollo Loco Holdings, with the consensus rating being Neutral. The average one-year price target stands at $13.0, suggesting a potential 2.36% upside.
<h3>Comparing Ratings with Peers</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of Serve Robotics, Potbelly and One Group Hospitality, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Buy trajectory for Serve Robotics, with an average 1-year price target of $14.67, suggesting a potential 15.51% upside.</li>
<li>Analysts currently favor an Buy trajectory for Potbelly, with an average 1-year price target of $16.0, suggesting a potential 25.98% upside.</li>
<li>The consensus outlook from analysts is an Outperform trajectory for One Group Hospitality, with an average 1-year price target of $9.0, indicating a potential 29.13% downside.</li>
</ul>
<h3>Overview of Peer Analysis</h3>
Within the peer analysis summary, vital metrics for Serve Robotics, Potbelly and One Group Hospitality are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>El Pollo Loco Holdings</td>
<td>Neutral</td>
<td>0.56%</td>
<td>$28.05M</td>
<td>3.02%</td>
</tr>
<tr>
<td>Serve Robotics</td>
<td>Buy</td>
<td>655.33%</td>
<td>$142.36K</td>
<td>-91.95%</td>
</tr>
<tr>
<td>Potbelly</td>
<td>Buy</td>
<td>-5.47%</td>
<td>$40.53M</td>
<td>110.82%</td>
</tr>
<tr>
<td>One Group Hospitality</td>
<td>Outperform</td>
<td>106.84%</td>
<td>$33.42M</td>
<td>-16.82%</td>
</tr>
</tbody>
</table>

Key Takeaway:
El Pollo Loco Holdings ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, it is at the top.
<h3>Delving into El Pollo Loco Holdings's Background</h3>
El Pollo Loco Holdings Inc operates and franchises hundreds of fast-casual chicken restaurants in the United States. Restaurant locations are typically free-standing and include drive-thrus, and menus include many low-priced options. Poultry is the company's largest food cost, accounting for roughly 38% of total food and paper cost, and the company manages that commodity price risk by using multiple suppliers and entering supply contracts of varying lengths depending on market conditions.
<h3>Understanding the Numbers: El Pollo Loco Holdings's Finances</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: El Pollo Loco Holdings's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 0.56%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: El Pollo Loco Holdings's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 6.25%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): El Pollo Loco Holdings's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.02% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): El Pollo Loco Holdings's ROA excels beyond industry benchmarks, reaching 1.28%. This signifies efficient management of assets and strong financial health.
Debt Management: El Pollo Loco Holdings's debt-to-equity ratio is below the industry average at 1.11, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/LOCO/earnings">To track all earnings releases for El Pollo Loco Holdings visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

El Pollo Loco Holdings's Earnings: A Preview

Although U.S. stocks closed slightly higher on Tuesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Weyerhaeuser</h3>
<ul>
<li>The Trade: Weyerhaeuser Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WY#NYSE">WY</a>) Director Albert Monaco <a href="https://www.benzinga.com/quote/WY/analyst-ratings">acquired a total of 31,500 shares at </a> an average price of $31.38. To acquire these shares, it cost around $988,376.</li>
<li>What's Happening: On July 25, Weyerhaeuser reported downbeat second-quarter sales.</li>
<li>What Weyerhaeuser Does: Weyerhaeuser ranks among the world&#8217;s largest forest product companies.</li>
</ul>
<h3 class="wp-block-heading">El Pollo Loco</h3>
<ul>
<li>The Trade: El Pollo Loco Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) 10% owner Biglari Insurance Group Inc. acquired a total of 344,247 shares at an average price of $13.20. To acquire these shares, it cost around $4.5 million.</li>
<li>What's Happening: On Aug. 1, El Pollo Loco posted upbeat quarterly earnings.</li>
<li>What El Pollo Loco Does: El Pollo Loco Holdings Inc operates and franchises hundreds of fast-casual chicken restaurants in the United States.</li>
</ul>
<h3 class="wp-block-heading">Herbalife</h3>
<ul>
<li>The Trade: Herbalife Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLF#NYSE">HLF</a>) Director Juan Miguel Mendoza <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 10,000 shares</a> at an average price of $8.72. To acquire these shares, it cost around $87,200.</li>
<li>What's Happening: On July 31, Herbalife reported worse-than-expected second-quarter revenue results.</li>
<li>What Herbalife Does: Herbalife Ltd is an international nutrition company that provides health and wellness products to consumers in 95 markets, which consist of countries and territories, through their direct-selling business model.</li>
</ul>
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</ul>

Long Ideas

Insider Trades

Pre-Market Outlook

$4.5M Bet On This Consumer Cyclical Stock? Check Out These 3 Stocks Executives Are Buying

Truist Securities analyst Jake Bartlett maintains El Pollo Loco Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) with a Hold and raises the price target from $12 to $13.

Price Target

Truist Securities Maintains Hold on El Pollo Loco Holdings, Raises Price Target to $13

El Pollo Loco Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) reported quarterly earnings of $0.26 per share which beat the analyst consensus estimate of $0.21 by 23.81 percent. This is a 13.04 percent increase over earnings of $0.23 per share from the same period last year. The company reported quarterly sales of $122.176 million which beat the analyst consensus estimate of $120.390 million by 1.48 percent. This is a 0.56 percent increase over sales of $121.492 million the same period last year.

El Pollo Loco Holdings Q2 2024 Adj. EPS $0.26 Beats $0.21 Estimate, Sales $122.176M Beat $120.390M Estimate

El Pollo Loco Adds Three New Fire-grilled Chicken Burritos To Its Menu, El Pollo Loco's $9.99 Fire-grilled Chicken Burritos Are Available At Participating Locations Only

Benchmark analyst Todd Brooks reiterates El Pollo Loco Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) with a Hold.

Reiteration

Benchmark Reiterates Hold on El Pollo Loco Holdings

<h3>Gainers</h3>
<ul>
<li>Golden Sun Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSUN#NASDAQ">GSUN</a>) stock rose 21.1% to $3.07 during Friday's regular session. The company's market cap stands at $5.8 million. </li>
<li>2U (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) stock rose 17.69% to $0.32. The market value of their outstanding shares is at $26.4 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Adtalem Glb Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATGE#NYSE">ATGE</a>) shares rose 16.49% to $61.05. The company's market cap stands at $2.3 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>El Pollo Loco Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) stock moved upwards by 16.22% to $9.99. The market value of their outstanding shares is at $311.6 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Phoenix Motor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) shares increased by 15.18% to $0.5. The market value of their outstanding shares is at $17.2 million. </li>
<li>Clarus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLAR#NASDAQ">CLAR</a>) shares moved upwards by 13.63% to $7.0. The company's market cap stands at $267.6 million. As per the press release, Q1 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>SRIVARU Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) shares fell 16.9% to $0.12 during Friday's regular session. The market value of their outstanding shares is at $3.8 million. </li>
<li>Charles &amp; Colvard (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTHR#NASDAQ">CTHR</a>) stock declined by 13.58% to $0.3. The company's market cap stands at $9.1 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) stock fell 13.35% to $117.93. The market value of their outstanding shares is at $15.6 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Sabre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SABR#NASDAQ">SABR</a>) shares decreased by 10.83% to $2.6. The market value of their outstanding shares is at $984.7 million. The company's, Q1 earnings came out yesterday. </li>
<li>NWTN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) shares declined by 10.6% to $5.56. The company's market cap stands at $1.5 billion. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) stock fell 10.18% to $0.68. The company's market cap stands at $125.4 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Adtalem Global Education Inc. Common Stock

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YYAI

12 Consumer Discretionary Stocks Moving In Friday's Intraday Session

U.S. stocks were higher, with the Dow Jones index gaining over 400 points on Friday.
Shares of Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>) rose sharply during Friday's session after the company reported better-than-expected first-quarter financial results. Also, the company announced a $50 million milestone <a href="https://www.benzinga.com/general/biotech/24/05/38601856/amgen-reports-better-than-expected-q1-results-50m-milestone-payment">payment from Royalty Pharma</a>.
Amgen reported quarterly earnings of $3.96 per share, which beat the analyst consensus estimate of $3.87 by 2.33%. The company said EPS decreased by 1% due to higher operating and interest expenses driven by the Horizon acquisition, partially offset by higher revenues, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
The company reported quarterly sales of $7.447 billion, which beat the analyst consensus estimate of $7.436 billion and represents a 21.98% increase over sales of $6.105 billion in the same period last year.
Amgen shares surged 12.2% to $312.45 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Tandem Diabetes Care, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNDM#NASDAQ">TNDM</a>) jumped 27.4% to $46.57 after the comapny reported better-than-expected first-quarter financial results.</li>
<li>WideOpenWest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOW#NYSE">WOW</a>) shares surged 26.1% to $4.7790 after the company received an unsolicited non-binding preliminary proposal from DigitalBridge Investments and various Crestview entities to purchase all of the outstanding shares of WOW! that Crestview does not currently own for $4.80 per share in cash.</li>
<li>El Pollo Loco Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) surged 24.8% to $10.73 after the company reported better-than-expected first-quarter results.</li>
<li>Twist Bioscience Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>) jumped 22.8% to $39.31 after the company reported better-than-expected second-quarter financial results.</li>
<li>Alignment Healthcare, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALHC#NASDAQ">ALHC</a>) surged 22.1% to $6.42 after the company reported better-than-expected first-quarter revenue results and issued second-quarter revenue guidance above estimates. Also, the company raised its FY24 revenue guidance above estimates.</li>
<li>Clearfield, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) surged 21.8% to $38.89 after the company reported better-than-expected second-quarter results and increased its repurchase authorization.</li>
<li>RE/MAX Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) surged 21% to $8.66 following upbeat quarterly results.</li>
<li>Ardelyx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARDX#NASDAQ">ARDX</a>) shares rose 20.7% to $8.19 after the company reported better-than-expected first-quarter financial results.</li>
<li>ModivCare Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MODV#NASDAQ">MODV</a>) rose 19.8% to $26.33 after the company reported better-than-expected quarterly sales results.</li>
<li>OneSpan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSPN#NASDAQ">OSPN</a>) shares gained 19.6% to $13.09 after the company reported better-than-expected first-quarter adjusted EPS and sales.</li>
<li>IES Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IESC#NASDAQ">IESC</a>) gained 19% to $162.91 following second-quarter results.</li>
<li>Adtalem Global Education Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGE#NASDAQ">ATGE</a>) rose 16.2% to $60.71 following upbeat quarterly results.</li>
<li>Paylocity Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) gained 16% to $173.49 after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates. The Board of Directors approve a $500 million share repurchase program.</li>
<li>MasTec, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTZ#NYSE">MTZ</a>) surged 14% to $103.86 after the company reported better-than-expected quarterly financial results.</li>
<li>CG Oncology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGON#NASDAQ">CGON</a>) gained 14% to $45.07.</li>
<li>ImmunityBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>) gained 11.2% to $9.97 after the company announced it signed an exclusive global arrangement with the Serum Institute of India. The company will be supplied with Bacillus Calmette-Guerin.</li>
<li>MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) surged 10.3% to $1,661.60 after the company reported better-than-expected first-quarter financial results.</li>
<li>Tidewater Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDW#NYSE">TDW</a>) rose 9.8% to $103.13 following upbeat results.</li>
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) gained 9.4% to $11.98.</li>
<li>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) rose 9% to $115.59.</li>
<li>Universal Display Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLED#NASDAQ">OLED</a>) gained 8.6% to $169.84 after the company reported better-than-expected first-quarter financial results.</li>
<li>XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) gained 7.4% to $116.96 following better-than-expected first-quarter financial results.</li>
<li>Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) gained 6.7% to $3,705.00 after the company reported better-than-expected first-quarter financial results.</li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) rose 6.4% to $184.09 after the company reported better reported better-than-expected results for its second quarter.</li>
<li>Workiva Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WK#NYSE">WK</a>) gained 5.9% to $84.76 following strong quarterly earnings and upbeat EPS guidance.</li>
</ul>
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Intraday Update

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Amgen Posts Upbeat Results, Joins OneSpan, Paylocity Holding, MercadoLibre And Other Big Stocks Moving Higher On Friday

El Pollo Loco Holdings, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) shares are soaring after the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/g38597054/el-pollo-loco-holdings-inc-announces-first-quarter-2024-financial-results" rel="noreferrer noopener">company reported first-quarter FY24 earnings.</a>
Yesterday, the company reported first-quarter FY24 sales growth of 1.4% year-on-year to $116.15 million, beating the analyst consensus estimate of $111.083 million.
System-wide comparable restaurant sales increased 5.1%. Company operated restaurants constituted 83.6% of total revenue while Franchise made up 9.8% of total revenue.
Operating income for the quarter increased 24% to $9.7 million, with an operating margin of 8.3%.
Adjusted EBITDA of $15.7 million gained 28.7% in the quarter. Adjusted EPS of $0.22 <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">beat the consensus estimate of $0.14.</a>
EI Pollo held $9.1 million in cash and equivalents as of March 27.
Outlook: For the remainder of 2024, EI Pollo expects to open two new company-owned restaurants and five to seven new franchised restaurants and sees a capital <a href="https://www.benzinga.com/calendars/guidance">spend of $25 million &#8211; $28 million.</a>
Price Action: LOCO shares are trading higher by 19.5% at $10.28 at the last check Friday.
Photo credit: El Pollo Loco

Equities

Why Restaurant Chain El Pollo Loco's Shares Are Soaring Today

Truist Securities analyst Jake Bartlett maintains El Pollo Loco Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) with a Hold and raises the price target from $10 to $12.

Truist Securities Maintains Hold on El Pollo Loco Holdings, Raises Price Target to $12

<h3>Gainers</h3>
<ul>
<li>El Pollo Loco Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) stock moved upwards by 30.7% to $11.24 during Friday's pre-market session. The market value of their outstanding shares is at $350.5 million. The company's, Q1 earnings came out yesterday. </li>
<li>Lixiang Education Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEH#NASDAQ">LXEH</a>) shares increased by 17.58% to $0.54. The market value of their outstanding shares is at $3.5 million. </li>
<li>Udemy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UDMY#NASDAQ">UDMY</a>) shares rose 13.6% to $11.24. The company's market cap stands at $1.7 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Phoenix Motor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) shares rose 10.79% to $0.48. The company's market cap stands at $16.6 million. </li>
<li>SRIVARU Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) shares increased by 9.77% to $0.16. The market value of their outstanding shares is at $5.1 million. </li>
<li>BJ's Restaurants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJRI#NASDAQ">BJRI</a>) stock increased by 9.12% to $35.75. The company's market cap stands at $835.9 million. As per the news, the Q1 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Adient (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADNT#NYSE">ADNT</a>) shares decreased by 12.3% to $26.51 during Friday's pre-market session. The market value of their outstanding shares is at $2.4 billion. As per the news, the Q2 earnings report came out today. </li>
<li>Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) shares declined by 8.89% to $124.0. The market value of their outstanding shares is at $16.4 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>Visionary Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) shares decreased by 8.0% to $0.23. The market value of their outstanding shares is at $11.8 million. </li>
<li>Genius Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GNS#AMEX">GNS</a>) shares fell 5.22% to $0.38. The market value of their outstanding shares is at $71.0 million. </li>
<li>Dixie Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXYN#NASDAQ">DXYN</a>) stock fell 4.56% to $0.65. The company's market cap stands at $10.0 million. The company's, Q1 earnings came out yesterday. </li>
<li>InterContinental Hotels (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHG#NYSE">IHG</a>) shares decreased by 3.48% to $95.89. The company's market cap stands at $15.6 billion. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session

WIIM

El Pollo Loco Holdings shares are trading higher after the company reported better-than-expected Q1 2024 adjusted EPS and sales.

Shares of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) rose sharply in today's pre-market trading after the company reported better reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/05/38599545/apple-q2-earnings-beats-muted-forecast-on-services-mac-strength-installed-base-at-fresh-record-cupe">results for its second quarter</a>.
The company announced a $110-billion stock buyback program and a one-penny-per-share increase in its quarterly dividend.
Apple shares jumped 5.9% to $183.24 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Vaxxinity, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VAXX#NASDAQ">VAXX</a>) gained 45.8% to $0.1519 in pre-market trading after falling 9% on Thursday. Vaxxinity recently announced its intention to voluntarily delist and deregister its Class A common stock.</li>
<li>El Pollo Loco Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) gained 23.1% to $10.59 in pre-market trading after the company reported better-than-expected first-quarter results.</li>
<li>AXT, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXTI#NASDAQ">AXTI</a>) rose 23.8% to $3.75 in today's pre-market trading after the company reported better-than-expected first-quarter financial results.</li>
<li>Jaguar Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAGX#NASDAQ">JAGX</a>) jumped 20.7% to $0.3540 in pre-market trading after surging 30% on Thursday.</li>
<li>Ardelyx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARDX#NASDAQ">ARDX</a>) shares gained 19.2% to $8.09 in pre-market trading after the company reported better-than-expected first-quarter financial results.</li>
<li>OneSpan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSPN#NASDAQ">OSPN</a>) shares gained 18.6% to $13.00 in pre-market trading after the company reported better-than-expected first-quarter adjusted EPS and sales.</li>
<li>Rapid Micro Biosystems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPID#NASDAQ">RPID</a>) shares rose 16.2% to $1.15 in pre-market trading.</li>
<li>The OLB Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLB#NASDAQ">OLB</a>) shares gained 19.8% to $0.5636 in pre-market trading after gaining 12% on Thursday. The company announced its shareholders approve a 1-for-10 reverse split.</li>
<li>Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>) shares rose 14.2% to $318.01 in pre-market trading after the company reported better-than-expected first-quarter financial results. Also, the company announced a $50 million milestone payment from Royalty Pharma.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>NanoVibronix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAOV#NASDAQ">NAOV</a>) fell 44.8% to $0.3988 in pre-market trading after gaining 7% on Thursday.</li>
<li>Sprout Social, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPT#NASDAQ">SPT</a>) shares declined 25.2% to $36.00 in pre-market trading after the company reported worse-than-expected first-quarter revenue results.</li>
<li>Marin Software Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) fell 19.4% to $2.54 in pre-market trading after the company reported a year-over-year decrease on first-quarter revenue results.</li>
<li>Stem, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STEM#NYSE">STEM</a>) shares fell 18.7% to $1.55 in pre-market trading after the company reported worse-than-expected first-quarter financial results and cut its FY24 revenue guidance.</li>
<li>Terran Orbital Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLAP#NYSE">LLAP</a>) shares fell 18.5% to $1.05 in pre-market trading fter Lockheed Martin withdrew its buyout proposal.</li>
<li>Cloudflare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) fell 14% to $76.50 pre-market trading after the company reported first-quarter financial results and issued FY24 revenue guidance below estimates.</li>
<li>Trupanion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) shares declined 13% to $20.68 in pre-market trading following first-quarter results.</li>
<li>BigBear.ai Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) shares fell 12.1% to $1.52 in pre-market trading after the company reported worse-than-expected first-quarter financial results.</li>
<li>Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) shares declined 10.1% to $121.92 in pre-market trading after the company lowered its full-year guidance.</li>
<li>Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) fell 8.3% to $59.81 pre-market trading after the company reported its first-quarter financial results.</li>
</ul>
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Why Apple Shares Are Trading Higher By 6%; Here Are 20 Stocks Moving Premarket

El Pollo Loco Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.14 by 57.14 percent. This is a 57.14 percent increase over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $116.153 million which beat the analyst consensus estimate of $111.083 million by 4.56 percent. This is a 1.42 percent increase over sales of $114.526 million the same period last year.

El Pollo Loco Holdings Q1 2024 Adj EPS $0.22 Beats $0.14 Estimate, Sales $116.153M Beat $111.083M Estimate

<h3>Gainers</h3>
<ul>
<li>El Pollo Loco Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) shares increased by 14.1% to $9.81 during Thursday's after-market session. The company's market cap stands at $305.9 million. As per the news, the Q1 earnings report came out today. </li>
<li>Golden Heaven Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDHG#NASDAQ">GDHG</a>) stock moved upwards by 7.03% to $0.35. The company's market cap stands at $18.1 million. </li>
<li>Booking Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) shares moved upwards by 6.53% to $3700.0. The company's market cap stands at $125.8 billion. The company's, Q1 earnings came out today. </li>
<li>RumbleON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBL#NASDAQ">RMBL</a>) shares increased by 5.0% to $5.25. The market value of their outstanding shares is at $185.0 million. </li>
<li>J-Long Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JL#NASDAQ">JL</a>) shares rose 4.99% to $0.81. The market value of their outstanding shares is at $25.3 million. </li>
<li>Jiuzi Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZXN#NASDAQ">JZXN</a>) shares increased by 4.97% to $0.41. The company's market cap stands at $47.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) shares fell 8.5% to $124.55 during Thursday's after-market session. The market value of their outstanding shares is at $16.4 billion. As per the press release, Q1 earnings came out today. </li>
<li>Fox Factory Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXF#NASDAQ">FOXF</a>) stock declined by 7.41% to $36.5. The market value of their outstanding shares is at $1.5 billion. As per the press release, Q1 earnings came out today. </li>
<li>Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares declined by 4.89% to $29.01. The market value of their outstanding shares is at $23.3 billion. </li>
<li>Charles &amp; Colvard (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTHR#NASDAQ">CTHR</a>) stock decreased by 4.8% to $0.33. The company's market cap stands at $10.0 million. The company's, Q3 earnings came out today. </li>
<li>Solo Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTC#NYSE">DTC</a>) stock declined by 4.26% to $1.8. The company's market cap stands at $104.5 million. </li>
<li>Fossil Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOSL#NASDAQ">FOSL</a>) stock declined by 3.72% to $0.87. The market value of their outstanding shares is at $45.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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2024 Outlook
The Company is providing the following expectations for the remainder of 2024:
<figure class="table"> 
<table>
<tbody>
<tr>
<td>&nbsp;</td>
<td>●</td>
<td>The opening of two new company-owned restaurants and five to seven new franchised restaurants.</td>
</tr>
</tbody>
</table>
</figure><figure class="table"> 
<table>
<tbody>
<tr>
<td>&nbsp;</td>
<td>●</td>
<td>Capital spend of $25.0 - $28.0 million.</td>
</tr>
</tbody>
</table>
</figure><figure class="table"> 
<table>
<tbody>
<tr>
<td>&nbsp;</td>
<td>●</td>
<td>G&amp;A expense between $45.0 and $47.0 million.</td>
</tr>
</tbody>
</table>
</figure><figure class="table"> 
<table>
<tbody>
<tr>
<td>&nbsp;</td>
<td>●</td>
<td>Adjusted income tax rate of 27.0 – 28.0%.</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

El Pollo Loco Sees FY24 Capital Spend Of $25M-$28M; G&A Expense Between $45M-$47M; Adjusted Income Tax Rate Of 27%–28%.

El Pollo Loco Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) reported quarterly earnings of $0.160 per share which met the analyst consensus estimate. The company reported quarterly sales of $112.247 million which beat the analyst consensus estimate of $109.069 million by 2.91 percent. This is a 3.17 percent decrease over sales of $115.922 million the same period last year.

El Pollo Loco Holdings Q4 2023 GAAP EPS $0.160, Inline, Sales $112.247M Beat $109.069M Estimate

Press Releases

El Pollo Loco Holdings, Inc. Announces Third Quarter 2024 Financial Results

El Pollo Loco Ups Their Value Game

El Pollo Loco Gives the Gift of Savings: Over $100 in Holiday Deals for Every Loco Rewards Member

Double Pollo Fit Bowls are Back for a Limited Time Only

El Pollo Loco Holdings, Inc. to Participate at the 27th Annual ICR Conference

Management

El Pollo Loco Appoints Joe Taylor to its Board of Directors

El Pollo Loco Celebrates 50 Years of Fire-Grilled Flavor and Community Impact

El Pollo Loco Brings Sweet Heat with New Mango Habanero Chicken

El Pollo Loco Holdings, Inc. to Announce Fourth Quarter and Full Year 2024 Results on Thursday, March 6, 2025

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