El Pollo Loco, which serves up Mexican-style dishes, is the latest restaurant chain to soar in its stock market debut. Others, including Zoe's Kitchen Inc., Potbelly Corp. and Noodles & Co., also climbed in their initial public offerings.
The chain, whose headquarters is in Costa Mesa, California, grills chicken in front of customers to make its Mexican-style dishes at its 400 restaurants in Arizona, California, Nevada, Texas and Utah. It raised more than $107 million after pricing 7.14 million shares at $15 per share. It plans to use the cash raised to pay down debt. Shares of El Pollo Loco, which are trading on the Nasdaq exchange under the symbol "LOCO," rose $9.03, or 60.2 percent, to close at $24.03.
El Pollo Loco Holdings, Inc. (EPL) develops, franchises, licenses and operates quick-service restaurants under the name El Pollo Loco and operates under one business segment. The restaurants, which are located principally in California but also in Arizona, Nevada, Texas, and Utah, specialize in flame-grilled chicken in a variety of contemporary Mexican-influenced entrees, including specialty chicken burritos, chicken quesadillas, chicken tortilla soup, Pollo Bowls and Pollo Salads. The Company is a subsidiary of Trimaran Pollo Partners, LLC. At December 25, 2013, the Company operated 168 (133 in the greater Los Angeles area) and franchised 233 (136 in the greater Los Angeles area) El Pollo Loco restaurants.
Address
3535 Harbor Blvd Ste 100
COSTA MESA, CA 92626-1494
United States
Key stats and ratios
|
| Net profit margin | 6.72% | -5.36% |
| Operating margin | 14.14% | 6.63% |
| EBITD margin | - | 18.05% |
| Return on average assets | 5.24% | -4.04% |
| Return on average equity | 42.72% | -29.83% |
| Employees | 4,460 |
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