Several initial surges from new stocks have been observed more frequently this year. The most noteworthy was El Pollo Loco (NASDAQ:LOCO) – stock soared over 100 percent in its first couple trading days. Now, shareholders seem to have a new appetite for the grilled chicken, as well as a strong demand for its stock.

El Pollo Loco Holdings, Inc. (NASDAQ:LOCO), a quick-service franchise restaurant, specializes in fire-grilling citrus marinated chicken in front of its customers. The company, recently, went public at $15 per share. The stock soared more than 33 percent from its offered price on the first day of trading. 

Source: El Pollo Loco Holdings, Inc.

Today, shares of El Pollo Loco are continuing to rise, hitting $38.29 or 10.78 percent (12:11PM EDT) after the company announced yesterday its completion of initial public offering at $15 PS. El Pollo Loco, since its debut, sold a total of 8, 214,286 shares of common stock.

LOCO’s shares are recently trading in a range of $35.16 to $39.50. The 52-week range of the stock is $18.48 to $39.50PS. The company has a market cap of $1.36 billion.

Source: Google Finance

Read More at: Retail Investor 360