Dave's Hot Chicken investors bet on birria with national franchise expansion plan [CNBC]
El Pollo Loco Holdings, Inc. (LOCO)
Last el pollo loco holdings, inc. earnings: 4/30 04:05 pm
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Source: CNBC
Source: Mike's Red Tacos The restaurant investors behind the success of Dave's Hot Chicken are making a new nationwide bet on the next-hottest restaurant trend: birria. Mike's Red Tacos, a San Diego-based birria chain with just two locations, plans to announce on Tuesday a new franchising initiative that will build hundreds of restaurants across the U.S., with support from early-stage backers Bill Phelps and Andrew Feghali, CNBC can report. Financial terms of their investment, which took place in early 2025, were not disclosed. “We just saw that this was a brand and a concept that really had legs to it,” Phelps told CNBC. “And then the critical thing is, we brought down prospective franchisees. ... Everyone gave it the thumbs up.” Phelps said he had never heard of birria before Feghali introduced him to Mike's. Traditional birria is a beef or goat stew, slow cooked with spices and chiles to give the meat lots of flavor. Birria tacos, like those sold at Mike's, use the slo
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News
- Dave's Hot Chicken investors bet on birria with national franchise expansion plan [MSNBC.com]MSNBC.com
- With 67% institutional ownership, El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) is a favorite amongst the big guns [Yahoo! Finance]Yahoo! Finance
- El Pollo Loco® Adds Shrimp to Lineup of Limited Time Baja Double TostadasGlobeNewswire
- 3 Profitable Stocks We're Skeptical Of [Yahoo! Finance]Yahoo! Finance
- Chicken concept El Pollo Loco adds Domino's executive to the board [Yahoo! Finance]Yahoo! Finance
LOCO
Earnings
- 10/30/25 - Beat
LOCO
Sec Filings
- 1/28/26 - Form 8-K
- 1/6/26 - Form 3
- 1/6/26 - Form 3
- LOCO's page on the SEC website