Wall Street Analysts Believe El Pollo Loco (LOCO) Could Rally 28.62%: Here's is How to Trade

Group 1 - El Pollo Loco Holdings (LOCO) shares have increased by 1% over the past four weeks, closing at $10.69, with a mean price target of $13.75 indicating a potential upside of 28.6% [1] - The mean estimate consists of four short-term price targets with a standard deviation of $2.99, where the lowest estimate is $11.00 (2.9% increase) and the highest is $18.00 (68.4% increase) [2] - Analysts show strong agreement on LOCO's ability to report better earnings, with a positive trend in earnings estimate revisions correlating with potential stock price increases [4][11] Group 2 - The Zacks Consensus Estimate for LOCO has risen by 2.7% over the past month, with two estimates increasing and no negative revisions [12] - LOCO holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be reliable for predicting exact gains, they can provide guidance on the direction of price movement [14]