El Pollo Loco Holdings Azioni (NASDAQ: LOCO)

Ultime notizie per El Pollo Loco Holdings (NASDAQ:LOCO) Azioni

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.

El Pollo Loco Holdings, Inc. - Common Stock

El Pollo Loco Holdings Inc

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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Long Ideas

News

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

LOCO

$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

Analyst Ratings

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.

Earnings

Earnings Beats

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

General

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.

Movers

Adtalem Global Education Inc. Common Stock

ATGE

CLAR

CTHR

EXPE

GSUN

NWTN

SABR

SVMH

TWOU

Connexa Sports Technologies Inc. - Common Stock

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

AAPL

ALHC

AMGN

ARDX

BKNG

CGON

CLFD

ENPH

IBRX

IESC

MELI

MODV

OLED

OSPN

PCTY

RMAX

TNDM

TWST

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

Guidance

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.

ADNT

BJRI

DXYN

LXEH

UDMY

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>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/05/38606910/investor-sentiment-increases-ahead-of-jobs-report-dow-jumps-over-300-points">Investor Sentiment Increases Ahead Of Jobs Report, Dow Jumps Over 300 Points</a>

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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

El Pollo Loco Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) is set to give its latest quarterly earnings report on Thursday, 2024-03-07. Here's what investors need to know before the announcement.
Analysts estimate that El Pollo Loco Holdings will report an earnings per share (EPS) of $0.16. 
El Pollo Loco Holdings bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.00, which was followed by a 0.8% increase in the share price the next 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>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.19</td>
<td>0.21</td>
<td>0.11</td>
<td>0.14</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.19</td>
<td>0.23</td>
<td>0.14</td>
<td>0.16</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>3.0%</td>
<td>-2.0%</td>
<td>-8.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709737329_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of El Pollo Loco Holdings were trading at $8.98 as of March 05. Over the last 52-week period, shares are down 23.17%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<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.

Earnings Outlook For El Pollo Loco Holdings

El Pollo Loco Holdings, Inc. ("El Pollo Loco" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) announced today that its Board of Directors has appointed Elizabeth ("Liz") Williams as the Company's new Chief Executive Officer and as a member of its Board of Directors, effective March 11, 2024. Ms. Williams will succeed Maria Hollandsworth, who has served as the Company's interim Chief Executive Officer since November 3, 2023. Ms. Hollandsworth has been appointed as President of El Pollo Loco and will also continue to serve as the Company's Chief Operating Officer. &nbsp;
Ms. Williams, age 47, brings to El Pollo Loco significant experience leading high-growth, multi-unit retail, restaurant and service businesses. Most recently, Ms. Williams served as the Chief Executive Officer of Outfox Hospitality, parent company of Foxtrot, a high-growth modern café and convenience store, and Dom's Kitchen and Market. Prior to Foxtrot, she led innovative brands like Drybar and Hart House.
Ms. Williams has extensive restaurant experience working closely with franchise partners to accelerate growth. She spent ten years with Yum! Brands and Taco Bell between 2010 and 2020, holding various leadership positions including Chief Financial Officer and President of Taco Bell International. During her tenure, she was responsible for the brand strategy, growth, and performance of the international business across 30 countries, and drove notable operational improvements along with sales and profit growth.
"We are excited to welcome Liz Williams as our new Chief Executive Officer," said William Floyd, Chairman of the El Pollo Loco Board. "Throughout her career, Liz has demonstrated her ability to accelerate growth in food and beverage brands while simultaneously improving financial performance. We believe she has the skills and experience necessary to lead El Pollo Loco as we capitalize on the significant opportunity ahead of us."
Floyd continued, "We would also like to express our deep appreciation to Maria for her leadership as Interim Chief Executive Officer over the past three months. We are excited to benefit from her continued leadership as she helps craft and execute on our strategic vision as President and Chief Operating Officer of El Pollo Loco."
Ms. Williams commented, "I am truly honored to join El Pollo Loco and be named Chief Executive Officer of this one-of-a-kind brand. El Pollo Loco's fire-grilled chicken and high-quality, fresh ingredients create a better-for-you brand that is unparalleled in the restaurant industry. I believe that the opportunities to accelerate the growth of our brand are substantial. While the Company was born in Mexico over 40 years ago and has become an iconic West Coast brand, I believe we are just getting started. I look forward to working with the Company's exceptional management team, our team members, suppliers, and franchise partners as we execute on our strategic vision and write the next chapter for El Pollo Loco."
About Elizabeth Williams Liz Williams, 47, was the Chief Executive Officer of Outfox Hospitality, parent company of Foxtrot, a high-growth modern café and convenience store, from April 2023 to February 2024, and its President and Chief Financial Officer from June 2022 to April 2023. In December 2023 she led the merger with Dom's Kitchen and Market to form Outfox Hospitality. Prior to Foxtrot, she served as the Chief Executive&nbsp;Officer of Hart House, LLC, a vegan quick serve restaurant chain, from July 2021 to June 2022. Ms. Williams was the Chief Executive Officer of Drybar Holdings, LLC, an owner of hair salons providing blowouts and hair styling products&nbsp;and accessories, from June 2020 to 2021. From January 2018 to January 2020, she was President of Taco Bell International, part of YUM! Brands Inc., a leading operator of quick service restaurants. Prior to this role, Ms. Williams served as Chief Financial Officer of Taco Bell Corp. from October 2013 to January 2018 and Vice President, Financial Planning &amp; Analysis from 2011 to 2013. Ms. Williams spent six years at Boston Consulting Group in the Consumer and Retail practice. She has a bachelor's degree from the University of Texas and an MBA from Northwestern Kellogg School of Management. Ms. Williams currently serves on the boards of Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>), the leading online personalized styling service for men, women and kids, and Viant (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSP#NASDAQ">DSP</a>), an advertising software provider.

Management

SFIX

El Pollo Loco Holdings, Inc. Appoints Liz Williams As Chief Executive Officer And Director, Effective March 11, 2024.

<h3>Gainers</h3>
<ul>
<li>PARTS iD (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ID#AMEX">ID</a>) shares moved upwards by 6.3% to $0.1 during Friday's after-market session. The company's market cap stands at $3.4 million. </li>
<li>Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) shares rose 4.99% to $0.84. The market value of their outstanding shares is at $103.9 million. </li>
<li>17 Education &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YQ#NASDAQ">YQ</a>) shares rose 4.98% to $0.35. The market value of their outstanding shares is at $17.2 million. As per the news, the Q3 earnings report came out 2 days ago. </li>
<li>LL Flooring Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LL#NYSE">LL</a>) stock rose 3.85% to $3.5. The market value of their outstanding shares is at $108.0 million. </li>
<li>Traeger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COOK#NYSE">COOK</a>) shares moved upwards by 3.55% to $2.33. The market value of their outstanding shares is at $293.1 million. </li>
<li>Nogin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NOGN#NASDAQ">NOGN</a>) shares increased by 2.9% to $0.16. The company's market cap stands at $1.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Selina Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) stock fell 7.7% to $0.17 during Friday's after-market session. The company's market cap stands at $17.7 million. </li>
<li>China Liberal Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) stock fell 5.0% to $0.22. The company's market cap stands at $11.1 million. </li>
<li>Golden Heaven Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDHG#NASDAQ">GDHG</a>) stock declined by 4.42% to $1.3. The company's market cap stands at $67.2 million. </li>
<li>Fenbo Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEBO#NASDAQ">FEBO</a>) stock decreased by 4.25% to $4.74. The market value of their outstanding shares is at $52.1 million. </li>
<li>Vision Marine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) shares fell 3.5% to $1.38. The company's market cap stands at $16.0 million. </li>
<li>El Pollo Loco Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) shares decreased by 2.99% to $8.46. The market value of their outstanding shares is at $266.0 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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El Pollo Loco Q2 2024 Earnings Preview

El Pollo Loco Non-GAAP EPS of $0.26 beats by $0.05, revenue of $122.18M beats by $1.79M

El Pollo Loco Holdings, Inc. (LOCO) Q2 2024 Earnings Call Transcript

Truist Financial analyst Jake Bartlett maintained a Hold rating on El Pollo LoCo (LOCO – Research Report) today and set a price target of $13.00. T...

El Pollo LoCo (LOCO) Receives a Hold from Truist Financial

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on El Pollo LoCo (LOCO – Research Report), Shake Shack (SHAK ...

Analysts' Opinions Are Mixed on These Consumer Cyclical Stocks: El Pollo LoCo (LOCO), Shake Shack (SHAK) and Playa Hotels & Resorts (PLYA)

In a report released today, Todd Brooks from Benchmark Co. maintained a Hold rating on El Pollo LoCo (LOCO – Research Report). The company's shares...

El Pollo LoCo (LOCO) Receives a Hold from Benchmark Co.

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The U.S. economy is likely expanding significantly, as the Federal Reserve <a href="https://www.atlantafed.org/cqer/research/gdpnow">is now predicting</a> that the economy will grow by a strong, seasonally adjusted, annualized rate of 2.9% above inflation during the current quarter. Still, the U.S. unemployment rate <a href="https://www.bls.gov/news.release/pdf/empsit.pdf">surged to</a> 4.3% in July &mdash; up from 4.1% in June. The<a href="https://www.nytimes.com/2024/08/07/business/economy/recession-consumer-spending.html"> savings rate</a> tumbled to 3.4% of after-tax income in June 2024 from 4.8% during the same period a year earlier. 



Further, multiple, major companies, including Disney (NYSE:<a href="https://investorplace.com/stock-quotes/dis-stock-quote/">DIS</a>), Macy&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/m-stock-quote/">M</a>), and Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>), are reporting that many consumers are reducing their spending. 



In the current environment, buying <a href="https://investorplace.com/industries/consumer-staples/food/">food stocks</a> is a good idea, since everyone has to eat in order to live. As a result, many food companies should be more resilient to reduced consumer spending trends than other types of firms that get most of their revenue from consumers. Here are three top food stocks to buy that should deliver strong returns despite the rocky consumer spending environment.



<h2>El Pollo Loco (LOCO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/loco1600-300x169.jpg" alt="El Pollo Loco restaurant exterior and sign"><div>Source: Ken Wolter / Shutterstock.com</div></div>In a smart marketing move that has apparently impressed the Street, El Pollo Loco has <a href="https://www.globenewswire.com/news-release/2024/08/12/2928198/0/en/El-Pollo-Loco-Taps-Content-Creator-Yuri-Lamasbella-as-New-Kreative-Director-for-its-Double-Chopped-Salads-Campaign.html">hired</a> popular TikTok influencer Yuri Lamasbella to promote its&nbsp;Double Chopped Salads. The marketing campaign featuring the influencer, who has <a href="https://www.tiktok.com/@yurilamasbella?lang=en">4.7 million TikTok followers</a> and 3 million Instagram followers, will feature &ldquo;compelling content creation, mouth-watering food photography and strategic branding&rdquo; by Lamasbella, El Pollo Loco reported.



I&rsquo;ve long believed that the company would eventually benefit from its combination of tasty, healthy food, appeal for those like Mexican food, and affordability. Lamasbella&rsquo;s hiring by El Pollo may finally get many members of Generation Z to try the brand for the first time, and many of them will likely remain loyal to it.



The firm hired Liz Williams as its CEO in March, and the brand was already performing well under her leadership before Lamasbella&rsquo;s hiring. Specifically, its systemwide comparable restaurant sales <a href="https://seekingalpha.com/pr/19805773-el-pollo-loco-holdings-inc-announces-second-quarter-2024-financial-results?source=section%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews#hasComeFromMpArticle=false">climbed 4.5% last quarter</a> versus the same period a year earlier last quarter while its income from operations advanced to $12.3 million from $10.9 million in Q2 of 2023.



Given El Pollo&rsquo;s strong performance last quarter and its hiring of Lamasbella, I view it as one of the best food stocks to buy.



<h2>Costco (COST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/cost1600-300x169.jpg" alt="A Costco Wholesale (COST) warehouse in Auburn Hills, Michigan."><div>Source: ilzesgimene / Shutterstock.com</div></div>Of course, Costco (NASDAQ:<a href="https://investorplace.com/stock-quotes/cost-stock-quote/">COST</a>) sells a great deal of food, and the retailer could get a big boost if consumers generally eat more at home and less at restaurants.



Additionally, on July 2, investment bank <a href="https://seekingalpha.com/news/4121775-costco-market-share-gains-grocery-gas-categories-accelerating">Stifel reported that </a>Costco and Amazon combined accounted for 23% of the growth of the U.S. grocery sector from 2019 to 2023. &ldquo;The companies benefited from a &lsquo;strong value proposition and convenience,&rsquo; along with their spending on loyalty programs and digital offerings,&rdquo; Stifel wrote. During the period, Costco gained market share from multiple competitors, including drug stores and traditional grocery outlets.



Last month, Costco&rsquo;s <a href="https://seekingalpha.com/news/4136546-costco-posts-a-71-rise-in-july-net-sales">comparable store sales increased</a> by an impressive 5.2% versus July of 2023.



<a href="https://research.investors.com/stock-quotes/nasdaq-costco-wholesale-cost.htm">Investor&rsquo;s Business Daily</a> gives COST stock a very high Composite Rating of 91 out of 99 and ranks it first in the Retail-Major Discount Chains category. Moreover, the shares have a Relative Strength score of 92, indicating that they have performed very well over the past year.



Given Costco&rsquo;s many positive attributes, it is one of the best food stocks to buy. 



<h2>Freshpet (FRPT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/frpt1600-300x169.png" alt="A view of several packages of FreshPet (FRPT) pet food, on display at a local grocery store."><div>Source: The Image Party / Shutterstock.com</div></div>Of course, pets have to eat, too, and most pet owners want to give their companions high-quality, healthy food. As a result, Freshpet (NASDAQ:<a href="https://investorplace.com/stock-quotes/frpt-stock-quote/">FRPT</a>), <a href="https://finance.yahoo.com/quote/FRPT/profile/">which provides</a> &ldquo;natural fresh meals and treats for dogs and cats&rdquo; in the U.S., should continue to post strong financial results even if consumer spending growth markedly slows.



Last quarter, the retailer&rsquo;s sales <a href="https://seekingalpha.com/pr/19807050-freshpet-inc-reports-second-quarter-2024-financial-results?source=section%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews#hasComeFromMpArticle=false">soared 28%</a> versus the same period a year earlier while its EBITDA, excluding certain items, jumped to $35.1 million from $9 million in Q2 of 2023. Moreover, the firm increased its full-year sales guidance to at least $965 million from at least $950 million and hiked its adjusted EBITDA outlook to at least $140 million from at least $120 million.



Further, the company <a href="https://seekingalpha.com/article/4710531-freshpet-inc-frpt-q2-2024-earnings-call-transcript">noted that it had penetrated</a> 12.8 million households at the end of Q2, up 2% versus the same period a year earlier. Freshpet believes that its products will be purchased by an impressive 20 million households in 2027.



Analysts, on average, <a href="https://finance.yahoo.com/quote/FRPT/analysis/">expect the firm&rsquo;s earnings per share</a> to jump to $1.16 next year from 71 cents this year. 



On the date of publication, Larry Ramer owned a long position in AMZN and his wife owned a long position in LOCO. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;
<div>Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel&rsquo;s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.</div><h3>More From InvestorPlace</h3>
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El Pollo Loco Holdings, Inc. to Announce First Quarter 2024 Results on Thursday, May 2, 2024

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

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El Pollo Loco Holdings, Inc. to Announce Second Quarter 2024 Results on Thursday, August 1, 2024

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

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