UBS Group Lowers Portillo's (NASDAQ:PTLO) Price Target to $13.00

Portillo's (NASDAQ:PTLO - Get Free Report) had its price target lowered by equities research analysts at UBS Group from $18.00 to $13.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's target price indicates a potential upside of 25.60% from the company's current price.

PTLO has been the subject of a number of other reports. Morgan Stanley decreased their price target on Portillo's from $17.00 to $16.00 and set an "equal weight" rating for the company in a research report on Friday, April 12th. Robert W. Baird reduced their target price on shares of Portillo's from $17.00 to $15.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, Stephens reaffirmed an "overweight" rating and issued a $20.00 price target on shares of Portillo's in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $18.17.

Portillo's Stock Down 2.5 %

PTLO traded down $0.26 during mid-day trading on Wednesday, reaching $10.35. 2,441,561 shares of the stock were exchanged, compared to its average volume of 968,272. Portillo's has a 1 year low of $10.26 and a 1 year high of $23.99. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.32 and a current ratio of 0.40. The stock has a market capitalization of $755.24 million, a PE ratio of 33.39, a price-to-earnings-growth ratio of 1.56 and a beta of 1.86. The company has a 50 day moving average price of $12.98 and a two-hundred day moving average price of $14.22.

Portillo's (NASDAQ:PTLO - Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. The business had revenue of $165.83 million for the quarter, compared to analysts' expectations of $174.90 million. Portillo's had a net margin of 2.71% and a return on equity of 4.79%. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share. As a group, research analysts anticipate that Portillo's will post 0.4 EPS for the current year.

Hedge Funds Weigh In On Portillo's

A number of large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its stake in Portillo's by 1,493.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,593 shares of the company's stock worth $25,000 after purchasing an additional 1,493 shares during the period. NBC Securities Inc. purchased a new position in Portillo's during the third quarter valued at approximately $35,000. DekaBank Deutsche Girozentrale purchased a new position in Portillo's during the third quarter valued at approximately $49,000. Assetmark Inc. increased its holdings in Portillo's by 28.6% during the 4th quarter. Assetmark Inc. now owns 3,222 shares of the company's stock worth $51,000 after acquiring an additional 717 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Portillo's by 241.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,812 shares of the company's stock worth $54,000 after purchasing an additional 2,694 shares in the last quarter. 98.34% of the stock is owned by institutional investors.

About Portillo's

Portillo's Inc owns and operates fast casual restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, char-grilled burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and chocolate cake shake. It offers its products through its website, application, and certain third-party platforms.