El Pollo Loco stock price falls after mixed 2Q

El Pollo Loco stock price falls after mixed 2Q

Quarterly report misses expectations

El Pollo Loco Inc.’s stock price took a dive Friday after a mixed second-quarter report fell short of analyst expectations.

The Costa Mesa, Calif.-based quick-service chain’s stock price dipped more than 19 percent by midday, to $14.86 per share, below its $15 initial public offering price in July 2014.

El Pollo Loco reported Thursday an increase in net income of 9 percent in the second quarter ended July 1, to $7.2 million, or 18 cents per share, compared

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