William Blair Initiates Coverage On El Pollo LoCo
In a report released Tuesday, William Blair analyst Sharon Zackfia initiated coverage on El Pollo LoCo (NASDAQ: LOCO) with an Outperform rating.
Analysts at William Blair believe El Pollo LoCo will benefit from consumers demand for healthier meals with its "5 Under-500 Calories" menu, preference for fresh items on the company's made-to-order menu items and increase popularity of chicken and Mexican cuisine domestically.
William Blair projects high- to single-digit sales growth for El Pollo LoCo, including an 8 to 10 percent projection by 2016.
Latest Ratings for LOCO
|Oct 2015||SunTrust Robinson Humphrey||Initiates Coverage on||Buy|
|Aug 2015||Stifel Nicolaus||Upgrades||Hold||Buy|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.