SCHEDULE 13G/A: Fund 1 Investments Discloses Passive Stake in El Pollo Loco Holdings
Schedule 13G Filing
Fund 1 Investments, LLC has filed an amended Schedule 13G, reporting a 4.86% passive ownership stake in El Pollo Loco Holdings, Inc. as of December 31, 2024.
Summary
- Fund 1 Investments, LLC reported beneficial ownership of 1,455,102 shares of El Pollo Loco Holdings, Inc. Common Stock.
- This ownership represents 4.86% of the Issuer's outstanding Common Stock.
- The shares are held with shared voting power and shared dispositive power, with no sole voting or dispositive power.
- The percentage is calculated based on 29,939,226 shares of Common Stock outstanding as of October 25, 2024, as reported in the Issuer's Form 10-Q.
- Fund 1 Investments, LLC, along with Pleasant Lake Partners LLC (its investment adviser) and Jonathan Lennon (managing member of Fund 1 Investments), disclaim beneficial ownership except to the extent of their pecuniary interest.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13G) disclosing a passive ownership stake below 5%. It provides factual information about share ownership and does not contain operational or financial performance updates, thus maintaining a neutral sentiment.
Positives
- The filing indicates a continued investment by Fund 1 Investments, LLC in El Pollo Loco Holdings, Inc.
- The investment is stated to be passive, held in the ordinary course of business, and not for the purpose of changing or influencing control, which suggests stability.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the issuer's future performance or strategic direction.
Industry Context
El Pollo Loco Holdings, Inc. operates in the quick-service restaurant industry, specializing in flame-grilled chicken. This filing indicates an institutional investment firm's passive stake in the company, a common occurrence in the public markets.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's passive stake in the company.
Key Dates
| Date | Description |
|---|---|
| 10/25/2024 | Date as of which 29,939,226 shares of Common Stock of the Issuer were outstanding, used for percentage calculation. |
| 12/31/2024 | Date of event which requires filing of this statement. |
| 02/14/2025 | Date the Schedule 13G Amendment No. 1 was signed and filed. |
Keywords
El Pollo Loco Holdings, Fund 1 Investments, Schedule 13G, Common Stock, Passive Investment, Shareholding, Institutional Ownership, Restaurant Industry
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