'break", not "brake"
And it's going to continue it's upward movement due to the financial factors announced and it's product line appeal. A no-brainer for those of us that have one.
Another store opened opening in Chatworth today. Quarterlies announced tomorrow after the close.
And, analysts estimates are all looking good:
A few analysts have weighed in on El Pollo Loco:
•SunTrust initiated coverage with a Buy rating and a $17 price target.
•Stifel upgraded it to Buy from Hold with a $17 price target.
•Jefferies reiterated a Buy rating but lowered its target to $19 from $27.
I have bought and am buying here. Money well invested.
I bought, shall we say, less than 10k today, but we have the same mindset. GL
I expect a good earnings reports and guidance on the 12th.
But, if investors want to wait until the 12th, I understand. Sometimes caution is the best course to take.
3 new locations and an expanded menu announced since last week = continued expansion
Analyst valued LOCO at $17. LOCO is at a good price here, imo.