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Insider Trends: Insider at El Pollo Loco Holdings Tax Sale Continues 90-Day Selling Trend

05/10/2021 15:56

07:55 PM EDT, 05/10/2021 (MT Newswires) -- Bernard Acoca, Director and President & CEO, sold 7,406 shares of El Pollo Loco Holdings (LOCO) for approximately $131,457 to meet tax obligations on May 06, 2021. Acoca, after the transactions disclosed in the SEC Form 4 filing, owns 251,290 shares of the company, which have a market value of $4.46 million as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 4 insider transactions reported to the SEC for El Pollo Loco Holdings. These transactions came from the activities of 2 separate insiders that resulted in a net disposition of 8,615 company shares. This compares with the preceding 90-day window of time where there are no insider transactions for the company.

This is a lower level of transactions than the peer group average in the 40-company Restaurants & Bars peer group over the last 90-day period. Peer group activity averaged 94.3 transactions per company, and disposition of 2,539 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1606366/000141588921002400/xslF345X03/form4-05102021_040528.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.