A lawsuit was filed on behalf of investors in El Pollo LoCo Holdings Inc (NASDAQ:LOCO) shares over alleged securities laws violations and NASDAQ:LOCO investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 09/08/2015 --An investor in shares of El Pollo LoCo Holdings Inc (NASDAQ:LOCO) filed a lawsuit in California over alleged violations of Federal Securities Laws by El Pollo LoCo Holdings Inc.

Investors who purchased shares of El Pollo LoCo Holdings Inc (NASDAQ:LOCO) have certain options and for certain investors are short and strict deadlines running. Deadline: October 23, 2015. NASDAQ:LOCO investors should contact the Shareholders Foundation at mail@shareholdersfoundation or call 858-779-1554.

The plaintiff claims that between May 15, 2015 and August 13, 2015 defendants made false and misleading statements and/or failed to disclose adverse information about El Pollo LoCo Holdings Inc's business and prospects, including that traffic at El Pollo Loco stores had declined substantially due to the removal of the value items from the restaurants' menu boards, and that as a result, comparable store sales were not growing at 3%, much less the 3% to 5% the defendants had led investors to believe they would grow in the second quarter of 2015. The plaintiff alleges that as a result of these false and misleading statements and/or omissions, El Pollo LoCo Holdings Inc securities traded at artificially inflated prices between May 15, 2015 and August 13, 2015, with the Company's stock price reaching a high of $25.37per share.

On March 12, 2015, El Pollo LoCo Holdings Inc announced its fourth quarter and fiscal year 2014 financial results. Pollo LoCo Holdings Inc reported that its Total Revenue rose from $314.73 million for the 52 weeks period that ended on December 25, 2013 to $344.86 million for the 53 weeks period that ended on December 31, 2014 and that its Net Loss of $16.87 million for the 52 weeks period that ended on December 25, 2013 turned into a Net Income of $42.46 million for the 53 weeks period that ended on December 31, 2014. Among other things, El Pollo LoCo Holdings Inc also issued its financial outlook for 2015.

On May 14, 2015, El Pollo LoCo Holdings Inc announced its first quarter 2015 financial results. El Pollo LoCo Holdings Inc reported that its first quarter revenue 2015 increased 11.2% to $84.7 million, from $76.2 million in the same period last year.

Then on August 13, 2015, El Pollo LoCo Holdings Inc announced its second quarter 215 financial results. El Pollo LoCo Holdings Inc reported that its second quarter revenue 2015 increased 2.7% to $83.6 million, from $81.4 million in the same period last year. However, El Pollo LoCo Holdings Inc updated its guidance for its fiscal year 2015. Shares of El Pollo LoCo Holdings Inc (NASDAQ:LOCO) declined from $37.70 per share in November 2014 to as low as $10.25 per share on August 24, 2015.

On September 4, 2015, NASDAQ:LOCO shares closed at $12.69 per share.

Those who purchased shares of El Pollo LoCo Holdings Inc (NASDAQ:LOCO) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com