Biglari Capital Reduces Stake in El Pollo Loco, Selling $6.16M in Shares
LOCO sits 89% above its 52-week low of $8.985.
Summary
Biglari Capital Corp. and its affiliates sold $6.16 million in El Pollo Loco shares, reducing their stake to 13.5% and partially executing a previously announced selling intent.
Key Events · Ownership and Investor Activity · LOCO
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Significant Share Sales
Biglari Capital Corp. and its affiliates, primarily Lion Fund II, L.P., sold 364,546 shares of El Pollo Loco common stock for a total value of approximately $6.16 million.
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Reduced Beneficial Ownership
The aggregate beneficial ownership of the reporting persons, led by Sardar Biglari, has decreased to 4,124,701 shares, representing 13.5% of the outstanding common stock.
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Sales Near 52-Week Highs
The shares were sold between June 26 and July 2, 2026, at weighted average prices ranging from $16.58 to $17.27, occurring while the stock was trading near its 52-week high of $17.40.
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Partial Fulfillment of Prior Intent
These sales represent a partial execution of the intent to sell 1.47 million shares, valued at $23.9 million, which was previously disclosed in a Form 144 filing on June 26, 2026.
Analysis · LOCO · Trade & Services
Biglari Capital Corp. and its affiliates, including Lion Fund II, L.P., reported selling approximately $6.16 million worth of El Pollo Loco shares. This reduces their aggregate beneficial ownership to 13.5% from a previous higher stake. The sales occurred at prices near the company's 52-week high, suggesting the investor is locking in gains. This transaction partially fulfills the intent to sell 1.47 million shares announced in a Form 144 on June 26, 2026.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LOCO was trading at $17.01 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $508M. The 52-week trading range was $8.99 to $17.40. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.