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El Pollo Loco Authorized to Repurchase Up to $40M in Shares - Orange County Business Journal
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El Pollo Loco Authorized to Repurchase Up to $40M in Shares - Orange County Business Journal
El Pollo Loco said on Thursday it can now repurchase up to $40 million of its common stock, which is about 9% of its current market cap. Shares jumped 9% to $15.23 apiece during midday trading the following day with a market cap of $461 million (Nasdaq: LOCO). The stock is up about 48% year-to-date. “Our Board’s approval of a new share repurchase program reflects our strong balance sheet, with less than one times leverage, and confidence in o…
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