Portillo's (NASDAQ:PTLO) Coverage Initiated by Analysts at Stephens

Stephens began coverage on shares of Portillo's (NASDAQ:PTLO - Free Report) in a research report sent to investors on Friday, Marketbeat Ratings reports. The firm issued an overweight rating and a $20.00 price target on the stock.

Portillo's Stock Performance

NASDAQ PTLO traded down $0.24 on Friday, hitting $12.92. 809,344 shares of the company's stock were exchanged, compared to its average volume of 865,805. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.40 and a quick ratio of 0.32. The firm's 50-day moving average price is $13.67 and its two-hundred day moving average price is $14.61. Portillo's has a fifty-two week low of $12.57 and a fifty-two week high of $23.99. The firm has a market cap of $942.77 million, a price-to-earnings ratio of 41.68, a P/E/G ratio of 1.59 and a beta of 1.85.

Portillo's (NASDAQ:PTLO - Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.08. Portillo's had a return on equity of 4.79% and a net margin of 2.71%. The company had revenue of $187.86 million for the quarter, compared to analysts' expectations of $184.95 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The firm's quarterly revenue was up 24.5% on a year-over-year basis. On average, research analysts expect that Portillo's will post 0.41 EPS for the current year.

Institutional Investors Weigh In On Portillo's

Several institutional investors have recently modified their holdings of PTLO. Raymond James & Associates boosted its stake in shares of Portillo's by 41.0% during the 1st quarter. Raymond James & Associates now owns 45,306 shares of the company's stock worth $1,113,000 after acquiring an additional 13,170 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Portillo's by 57.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 33,964 shares of the company's stock worth $834,000 after acquiring an additional 12,455 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Portillo's by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 70,644 shares of the company's stock worth $1,735,000 after acquiring an additional 3,511 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Portillo's by 25.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 37,552 shares of the company's stock worth $922,000 after acquiring an additional 7,601 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Portillo's by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 14,070 shares of the company's stock valued at $346,000 after buying an additional 5,017 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.

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.