Tomorrow after the market closes, El Pollo Loco (LOCO) will announce its first earnings report since going public in July. The company, which operates more than 400 Tex-Mex fast food locations, has benefited from the buzz that it could be the next Chipotle (CMG).
Yet investors may be getting carried away. After all, LOCO stock is already up a sizzling 140%.
El Pollo Loco is a blend of the quick-service and fast-casual restaurant segments, serving up dishes such as burritos, tostadas and quesadillas. There are also “5 Under 500 Calories” menu items, which caters to those who want healthier fare. Oh, and El Pollo Loco is affordable, with an average per-person spend of about $5.83. Read