Stephens reiterated their equal weight rating on shares of Portillo's (NASDAQ:PTLO - Free Report) in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a $13.00 price target on the stock.
Other research analysts have also recently issued research reports about the stock. UBS Group decreased their price target on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Baird R W cut shares of Portillo's from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Stifel Nicolaus raised their price target on shares of Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Morgan Stanley set a $12.00 price target on shares of Portillo's in a report on Monday, April 14th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $12.00 price target (down previously from $15.00) on shares of Portillo's in a report on Monday, April 7th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Portillo's currently has an average rating of "Hold" and a consensus price target of $13.71.
Get Our Latest Stock Report on PTLO
Portillo's Stock Up 5.5%
NASDAQ:PTLO traded up $0.62 during midday trading on Wednesday, reaching $11.86. 878,124 shares of the stock traded hands, compared to its average volume of 1,391,097. Portillo's has a 12-month low of $8.38 and a 12-month high of $15.78. The business has a 50-day moving average of $11.78 and a two-hundred day moving average of $11.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The stock has a market capitalization of $884.79 million, a PE ratio of 28.25, a price-to-earnings-growth ratio of 14.77 and a beta of 1.83.
Portillo's (NASDAQ:PTLO - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. The company had revenue of $176.44 million during the quarter, compared to analysts' expectations of $180.76 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. Portillo's's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that Portillo's will post 0.35 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the business. First Dallas Securities Inc. increased its holdings in Portillo's by 94.4% in the fourth quarter. First Dallas Securities Inc. now owns 43,250 shares of the company's stock valued at $407,000 after buying an additional 21,000 shares in the last quarter. Fifth Third Bancorp increased its holdings in Portillo's by 229.0% in the fourth quarter. Fifth Third Bancorp now owns 43,100 shares of the company's stock valued at $405,000 after buying an additional 30,000 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Portillo's by 10.9% in the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company's stock valued at $24,086,000 after buying an additional 175,999 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Portillo's in the fourth quarter valued at $1,331,000. Finally, CenterStar Asset Management LLC increased its holdings in Portillo's by 348.4% in the fourth quarter. CenterStar Asset Management LLC now owns 60,529 shares of the company's stock valued at $568,000 after buying an additional 47,029 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.
Portillo's Company Profile
(
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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.
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