El Pollo Loco (LOCO) 10% Owner Biglari Sells $422K of Stock

Sardar Biglari, a 10% owner of El Pollo Loco Holdings, Inc. LOCO, sold 25,556 shares of the company on October 16, 2026. According to a Form 4 filing with the SEC, the transaction was executed at a price of $16.50 for a total value of $421,674. Following the sale, the insider holds 3,513,405 shares, cutting his stake about 0.72%. The trade was not carried out under a pre-arranged Rule 10b5-1 trading plan. El Pollo Loco closed at $16.34 on the day of the trade.

LOCO El Pollo Loco Holdings, Inc.

$15.94 ▲ +54.46% year to date

1M 3M YTD

Daily close · Oct 19, 2026

Inside Sardar Biglari's El Pollo Loco Trade

The transaction continues a series of sales by Biglari over the past several months. This latest move follows earlier sales by the insider, including 100,000 shares on June 29, 2026, 22,600 shares on June 30, 2026, 7,157 shares on July 30, 2026, another 100,000 shares on August 5, 2026, and 1,100 shares on August 7, 2026.

Other Institutional Activity in El Pollo Loco

Other large funds have adjusted their positions in the restaurant operator. Biglari Capital Corp. reduced its holdings by 222,812 shares, ending with 3,777,400 shares worth about $59,305,179. LSV Asset Management grew its holdings by 14,714 shares, ending with 1,471,545 shares worth about $23,103,256. Tieton Capital Management, LLC cut its stake by 23,582 shares to finish with 1,033,917 shares valued at about $16,232,496. First Eagle Investment Management, LLC grew its holdings by 420,492 shares, ending with 995,799 shares worth about $15,634,044. Two Sigma Investments, LP grew its holdings by 264,557 shares, ending with 906,685 shares worth about $14,234,954.

El Pollo Loco Holdings, Inc. Stock Down 1.5%

The stock recently traded around $15.70 as of October 21, 2026, down about 3.9% from its event-day close. Shares trade above both their 50-day moving average of $15.05 and their 200-day moving average of $13.90. The company carries a market capitalization of roughly $477.8 million and a price-to-earnings ratio of 13.42 based on trailing results.

Recent Earnings

For the trailing twelve months, El Pollo Loco generated $500,788,992 in revenue with trailing earnings of $1.17 per share. The company posted a net margin of 7.0% and a return on equity of 11.8%, with year-over-year revenue growth coming in at 3.0%. The next earnings report is scheduled for November 5, 2026.

Insider Buying and Selling at El Pollo Loco Holdings, Inc.

Biglari's active selling history marks a notable pattern of trimming the position over the course of the year. Prior filings recorded four separate sales by Biglari between late June and early August, involving blocks ranging from 1,100 shares to 100,000 shares.

Analysts Set New Price Targets

Wall street analysts maintain a buy consensus on the stock. Freedom Capital Markets initiated coverage on July 1, 2026, with a buy rating and a $22.00 price target. Benchmark maintains a buy rating with a $21.00 price target as of August 7, 2026, following a prior target of $18.00. DA Davidson maintains a neutral rating with a $17.00 price target as of August 10, 2026, up from $15.00.

About El Pollo Loco

El Pollo Loco Holdings, Inc. develops, franchises, and operates quick-service restaurants specializing in fire-grilled chicken. Headquartered in Costa Mesa, California, the company operates across several states primarily in the western region and licenses its brand internationally.

Bottom Line

Investors will look toward the upcoming earnings report on November 5, 2026, for further updates on financial performance. Future SEC filings will show whether major stakeholders continue to adjust their positions in the restaurant chain.