U.S. stocks were higher, with the Dow Jones index gaining around 300 points on Friday.
Shares ofEl Pollo LoCo Holdings Inc(NASDAQ:LOCO) rose sharply during Friday's session after the company reported better-than-expected fourth-quarter financial results.
El Pollo Loco reported quarterly earnings of 25 cents per share which beat the analyst consensus estimate of 20 cents per share. The company reported quarterly sales of $123.515 million which beat the analyst consensus estimate of $122.783 million.
Also, Benchmark upgraded the stock from Hold to Buy.
El Pollo LoCo shares jumped 17.6% to $12.79 on Friday.
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