El Pollo Loco Said On August 7, Entered Into A Stock Repurchase Agreement To Purchase 2.5M Shares Of Co's Common Stock, From Sellers At $10.63/Share
Portfolio Pulse from Charles Gross
El Pollo Loco has entered into a stock repurchase agreement to purchase 2.5 million shares of its common stock from sellers at $10.63 per share.
August 08, 2023 | 10:21 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
El Pollo Loco's stock repurchase agreement could potentially increase the value of its remaining shares.
Stock repurchases often lead to an increase in the value of the remaining shares as the number of shares in circulation decreases. This could potentially lead to a short-term increase in El Pollo Loco's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100