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LOCO

El Pollo Loco Holdings, Inc (NASDAQ:LOCO) shares surged after reporting first-quarter FY24 earnings, with sales growth of 1.4% to $116.15 million, surpassing analyst estimates. System-wide comparable restaurant sales increased by 5.1%. Operating income rose 24% to $9.7 million, and adjusted EBITDA increased 28.7% to $15.7 million. Adjusted EPS of $0.22 beat the consensus estimate of $0.14. The company plans to open new restaurants and anticipates a capital spend of $25 million to $28 million for the remainder of 2024. LOCO shares jumped 19.5% to $10.28.

Portfolio Pulse from Shivani Kumaresan

May 03, 2024 | 2:15 pm

AGCO

Recent analyst ratings for AGCO (NYSE:AGCO) show a mix of bullish and somewhat bullish perspectives, with a shift in sentiment over the last three months. The average 12-month price target for AGCO has been adjusted to $145.6, down from $148.50, indicating a slight decrease in analyst expectations. Key financial indicators suggest AGCO is performing well in terms of net margin, ROE, and ROA, but faces challenges in revenue growth and market capitalization. Analysts from Truist Securities, Oppenheimer, and JP Morgan have updated their ratings and price targets, reflecting their views on AGCO's market performance and financial health.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 2:01 pm

SHAK

Analysts have updated their ratings on Shake Shack (NYSE:SHAK), with 22 analysts offering a diverse range of perspectives from bullish to bearish over the last three months. The average 12-month price target for SHAK has been raised to $109.59, up 23.13% from the previous $89.00, with a high estimate of $125.00 and a low of $80.00. Recent analyst actions include upgrades and maintains, reflecting a generally positive outlook on the company's performance, which has shown solid revenue growth of approximately 20.0% as of December 31, 2023, and an exceptional net margin of 2.52%, despite a below-average return on equity (ROE) of 1.68% and return on assets (ROA) of 0.46%.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 2:01 pm

CHD

Analysts have mixed views on Church & Dwight Co (NYSE:CHD), with ratings ranging from bullish to bearish among 16 experts. The average 12-month price target is $105.56, showing a 6.84% increase from the previous target of $98.80. Recent actions by analysts include various rating upgrades and price target adjustments, reflecting a generally positive outlook on the company's performance. Church & Dwight, known for its diverse product portfolio including the Arm & Hammer brand, has shown a revenue growth of 6.41% and maintains a strong net margin of 10.06%, despite having a market capitalization below industry averages and lower than average ROE and ROA.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 2:00 pm

SPY

Fed's Bowman highlighted that inflation is expected to stay elevated for an extended period, with a recent uptick observed across various goods and services. Additionally, recent employment reports indicate a persistently tight labor market.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:49 pm

TNC

Tennant has reaffirmed its forecast for FY24, expecting organic net sales growth to be between 2.0% and 4.0%.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:05 pm

GIGM

GigaMedia reported a significant decrease in revenue for Q1 2024, with earnings dropping to $0.73M from $1.32M in the same quarter of the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:02 pm

FND

20 analysts have recently reviewed Floor & Decor Holdings (NYSE:FND), showing a mix of bullish and bearish sentiments. The average 12-month price target is $116.15, up from $108.58, with a high of $140 and a low of $79. The company's financial performance shows strong revenue growth and net margin, but a lagging Return on Equity (ROE). Analysts' ratings and price targets have been adjusted, reflecting their views on the company's market position and financial health.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 1:00 pm

PCTY

Paylocity Holding (NASDAQ:PCTY) has been analyzed by 7 analysts in the last three months, showing a mix of bullish to indifferent sentiments. The recent ratings indicate a shift towards a more cautious outlook, with one somewhat bullish rating in the last 30 days compared to three bullish and two somewhat bullish ratings three months ago. The average 12-month price target for PCTY has decreased to $192.14 from $206.80, reflecting a 7.09% drop. Analysts from firms like Piper Sandler, Truist Securities, and Keybanc have adjusted their price targets and ratings, indicating a nuanced view of Paylocity's market position. Despite the mixed analyst outlook, Paylocity has shown strong financial performance with a 19.54% revenue growth rate, an impressive net margin of 11.68%, and efficient asset management as indicated by its ROA of 0.94%.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 1:00 pm

CTRA

Recent analyst evaluations of Coterra Energy (NYSE:CTRA) show diverse outlooks, with a total of 15 analysts providing ratings ranging from bullish to bearish. The average 12-month price target for CTRA has been raised to $32.6, indicating a 4.19% increase from the previous target. Analyst actions include both upgrades and downgrades, reflecting changes in market conditions and company performance. Coterra Energy, an independent oil and gas company, faces challenges such as a -30.0% revenue decline and below-industry-standard ROE and ROA, despite a strong net margin of 26.0% and a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 1:00 pm