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Franklin Resources Inc. grew its holdings in shares of El Pollo Loco Holdings, Inc. ( NASDAQ:LOCO – Free Report ) by 372.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 70,409 shares of the restaurant operator’s stock after acquiring an additional 55,510 shares during the period. Franklin Resources Inc. owned about 0.24% of El Pollo Loco worth $951,000 as of its most recent SEC filing. A number of other hedge funds also recently modified their holdings of LOCO. Point72 Asia Singapore Pte. Ltd. raised its position in El Pollo Loco by 91.8% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,094 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 1,002 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of El Pollo Loco by 7.5% in the second quarter. Hsbc Holdings PLC now owns 15,606 shares of the restaurant operator’s stock worth $172,000 after acquiring an additional 1,090 shares during the period. Point72 DIFC Ltd bought a new stake in El Pollo Loco in the third quarter valued at approximately $27,000. Quarry LP acquired a new stake in El Pollo Loco during the 2nd quarter valued at approximately $30,000. Finally, nVerses Capital LLC bought a new position in El Pollo Loco during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 81.28% of the company’s stock. El Pollo Loco Trading Down 1.4 % NASDAQ LOCO opened at $11.59 on Friday. El Pollo Loco Holdings, Inc. has a one year low of $8.17 and a one year high of $14.25. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.29. The business has a 50 day simple moving average of $12.39 and a 200 day simple moving average of $12.41. The stock has a market capitalization of $346.99 million, a P/E ratio of 14.67 and a beta of 1.45. Analysts Set New Price Targets Separately, StockNews.com raised shares of El Pollo Loco from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. View Our Latest Analysis on El Pollo Loco El Pollo Loco Company Profile ( Free Report ) El Pollo Loco Holdings, Inc, through its subsidiary, El Pollo Loco, Inc, develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name. It operates and franchises restaurants located in California, Nevada, Arizona, Texas, Colorado, Utah, and Louisiana. It also licenses its brand to restaurants in the Philippines. Read More Five stocks we like better than El Pollo Loco 3 Healthcare Dividend Stocks to Buy Buffett Takes the Bait; Berkshire Buys More Oxy in December What is a Stock Market Index and How Do You Use Them? Top 3 ETFs to Hedge Against Inflation in 2025 How Can Retail Investors Trade the Toronto Stock Exchange (TSX)? These 3 Chip Stock Kings Are Still Buys for 2025 Receive News & Ratings for El Pollo Loco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for El Pollo Loco and related companies with MarketBeat.com's FREE daily email newsletter .Thrivent Financial for Lutherans Purchases 33,585 Shares of Legend Biotech Co. (NASDAQ:LEGN)DALLAS , Dec. 5, 2024 /PRNewswire/ -- Wingstop Inc. (NASDAQ: WING) today announced that its board of directors approved the purchase of up to an additional $500 million of its outstanding shares of common stock under its existing share repurchase program, effective immediately. This repurchase program follows the substantial completion of purchases of common stock under the inaugural $250 million repurchase authorization from August 2023 . With this additional repurchase authorization, the Company anticipates executing a $250 million accelerated share repurchase ("ASR") program that will commence in the fourth quarter of 2024. "We believe our asset-lite, highly-franchised model enables industry-leading shareholder returns," commented Alex Kaleida , Chief Financial Officer. "Since becoming a public company in 2015, we have returned more than $1 billion of capital to shareholders. Our share repurchase program is another example of the long-term value creation enabled by our category of one operating model." Repurchases under the program may be made in the open market, in privately negotiated transactions or by other means, including through trading plans intended to qualify under Rule 10b5-1 of the Securities and Exchange Act of 1934 and accelerated share repurchase agreements, with the amount and timing of repurchases to be determined at Wingstop's discretion, depending on market and business conditions, prevailing stock prices, and contractual limitations, among other factors. Open market repurchases will be structured to occur in accordance with applicable federal securities laws. This program does not obligate Wingstop to acquire any particular amount of common stock, or at any specific time or intervals and may be modified, suspended or terminated at any time at Wingstop's discretion. Wingstop expects to fund repurchases with existing cash and cash equivalents, including the proceeds from its recently completed $500 million financing transaction which closed on December 3, 2024 . About Wingstop Founded in 1994 and headquartered in Dallas, TX , Wingstop Inc. (NASDAQ: WING) operates and franchises more than 2,450 locations worldwide. The Wing Experts are dedicated to Serving the World Flavor through an unparalleled guest experience and a best-in-class technology platform, all while offering classic and boneless wings, tenders, and chicken sandwiches, cooked to order and hand sauced-and-tossed in fans' choice of 12 bold, distinctive flavors. Wingstop's menu also features signature sides including fresh-cut, seasoned fries and freshly-made ranch and bleu cheese dips. In fiscal year 2023, Wingstop's system-wide sales increased 27.1% to approximately $3.5 billion , marking the 20th consecutive year of same store sales growth. With a vision of becoming a Top 10 Global Restaurant Brand, Wingstop's system is comprised of corporate-owned restaurants and independent franchisees, or brand partners, who account for approximately 98% of Wingstop's total restaurant count of 2,458 as of September 28, 2024 . A key to this business success and consumer fandom stems from The Wingstop Way, which includes a core value system of being Authentic, Entrepreneurial, Service-minded, and Fun. The Wingstop Way extends to the brand's environmental, social and governance platform as Wingstop seeks to provide value to all guests. In 2023, Wingstop earned its "Best Places to Work" certification. The Company landed on Entrepreneur Magazine's "Fastest-Growing Franchises" list and ranked #16 on "Franchise 500." Wingstop was listed on Technomic's "Top 500 Chain Restaurant Report," QSR Magazine's "2023 QSR 50" and Franchise Time's "40 Smartest-Growing Franchises." For more information, visit www.wingstop.com or www.wingstop.com/own-a-wingstop and follow @Wingstop on X, Instagram, Facebook, and TikTok. Learn more about Wingstop's involvement in its local communities at www.wingstopcharities.org . Unless specifically noted otherwise, references to our website addresses, the website addresses of third parties or other references to online content in this press release do not constitute incorporation by reference of the information contained on such website and should not be considered part of this release. Forward-looking Statements This news release includes statements of our expectations, intentions, plans and beliefs that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to come within the safe harbor protection provided by those sections. These statements, which involve risks and uncertainties, relate to the discussion of our expectations concerning the implementation and execution of our share repurchase program, including the anticipated execution of a $250 million ASR and our strategic growth initiatives. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms "may," "will," "should," "expect," "intend," "plan," "outlook," "guidance," "anticipate," "believe," "think," "estimate," "seek," "predict," "can," "could," "project," "potential" or, in each case, their negative or other variations or comparable terminology, although not all forward-looking statements are accompanied by such terms. These forward-looking statements are made based on expectations and beliefs concerning future events affecting us and are subject to uncertainties, risks, and factors relating to our operations and business environments, all of which are difficult to predict and many of which are beyond our control, that could cause our actual results to differ materially from those matters expressed or implied by these forward-looking statements. Please refer to the risk factors discussed in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which can be found at the SEC's website www.sec.gov . The discussion of these risks is specifically incorporated by reference into this news release. When considering forward-looking statements in this news release or that we make in other reports or statements, you should keep in mind the cautionary statements in this news release and future reports we file with the SEC. New risks and uncertainties arise from time to time, and we cannot predict when they may arise or how they may affect us. Any forward-looking statement in this news release speaks only as of the date on which it was made. Except as required by law, we assume no obligation to update or revise any forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future. Media Contact Maddie Lupori Media@wingstop.com Investor Contact Kristen Thomas IR@wingstop.com View original content to download multimedia: https://www.prnewswire.com/news-releases/wingstop-announces-additional-500-million-share-repurchase-authorization-302324306.html SOURCE Wingstop Restaurants Inc.
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Non-profits will have to comply with new rules and share more information when they renew and apply for the licence to obtain foreign donations. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for The chief functionary of a trust running such a non-government organisation (NGOs) must sign on each page of key documents like the memorandum of association, trust deed, and constitution, and submit the entity's year-wise activity report to the authorities instead of presenting a general report. Non-profits have to also share their receipt and payment accounts with the government along with the audited accounts. Several non-government organisations whose licenses under the Foreign Contribution (Regulation) Act - a stern and oft-invoked law - expire on December 31, have learnt about the new compliance requirements after logging on to the FCRA portal hosted by the ministry of home affairs which frames the regulations. Also, applicants must now scan the original copy of their constitution even if it is in a language other than English and make sure that the documents uploaded are legible and not blurred. With the government delaying FCRA renewals of a number of NGOs and questioning the intent of some of the overseas donors during the past few years - amid suspicions that funds were spent on activities unrelated to the stated purposes or amounts spent on administrative expenditure breached the regulatory limit - the new conditions would make key NGO officials more accountable and cautious. According to Dr Gautam Shah, partner of the CA firm Gautam Shah & Associates, which advises many trusts, the additional requirements for new applications and renewal of FCRA are a welcome, but never in the past were they proposed or discussed. "If it was conveyed to the trusts that these conditions would have to be followed at the time of application, a lot of time would have been saved. Getting FCRA registration or renewal is very difficult. For better governance a separate helpline or email or any other social media channel should be provided to address the grievances of applicants," said Shah. 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Practitioners like Isha Sekhri, partner at the CA firm Ajay Sekhri and Co think that the further tightening of KYC norms is a step to align with global best practices in compliance and transparency. "Mandating the chief functionary's signature on every page of key documents ensures accountability and reduces the risk of document manipulation. Also, the shift to a year-wise activity report, instead of a generic summary brings granularity to the evaluation of an organisation's operational history and the use of foreign contributions.While the norms may demand more rigorous compliance efforts, they would ensure that foreign contributions are managed with integrity and aligned to their intended purposes," said Sekhri. However, there is always a lurking fear among NGOs over how the law would be invoked to stop foreign donations. Among other things, what fuelled the debate since 2020 was the allegation that dollar donations were being diverted to lure the poor to embrace a new faith. TACKLING TAX Of late, some of the NGOS are also facing a tax issue. A charitable trust is entitled to exemption for accumulation of income and for amounts spent by it. So, if a NGO spends 85% of its income, the entire income is exempt from tax. If spending in any year is less than 85% of its income, it can choose to accumulate the shortfall amount to be spent for specific purposes within the next 5 years. According to Gautam Nayak, partner at CNK & Associates, which advises several charitable trusts, "Till AY 2022-23, this accumulated amount could be spent in the year following the completion of 5 years, and if not spent, it would be taxable in the sixth year. Nominations for ET MSME Awards are now open. The last day to apply is December 31, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. 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