El Pollo Loco authorizes $40M share repurchase program
El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) has authorized a $40 million share repurchase program, the Costa Mesa, California-based restaurant chain said Thursday evening. The board of directors approved the repurchase of up to $40 million of its common stock, representing approximately 9% of the company's current market capitalization.
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