Stephens Reaffirms "Equal Weight" Rating for Portillo's (NASDAQ:PTLO)

Key Points

• Stephens has reiterated an "equal weight" rating for Portillo's (NASDAQ:PTLO) with a price target of $10.00, suggesting potential upside of 60.28% from its current price.
• The stock is currently trading at $6.24, after recently experiencing a 3.9% decline, with a market capitalization of $470.11 million.
• Insiders have been active, with CFO Michelle Greig Hook purchasing 40,000 shares, increasing her ownership significantly, while overall insider ownership stands at 6.14% of the company.

Portillo's (NASDAQ:PTLO - Get Free Report)'s stock had its "equal weight" rating reiterated by analysts at Stephens in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $10.00 price objective on the stock. Stephens' price objective would suggest a potential upside of 60.28% from the company's current price.

Other equities analysts have also issued reports about the stock. William Blair reiterated an "outperform" rating on shares of Portillo's in a research report on Friday, May 30th. Robert W. Baird cut their price objective on Portillo's from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Thursday, September 11th. Wall Street Zen cut Portillo's from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Morgan Stanley cut their price target on shares of Portillo's from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. Finally, Guggenheim lowered their target price on Portillo's from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $12.19.

Portillo's Stock Down 3.9%

Shares of Portillo's stock opened at $6.24 on Tuesday. The stock has a market capitalization of $470.11 million, a P/E ratio of 14.43, a PEG ratio of 4.85 and a beta of 1.79. Portillo's has a 12-month low of $6.00 and a 12-month high of $15.78. The company has a quick ratio of 0.23, a current ratio of 0.29 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average price of $8.05 and a two-hundred day moving average price of $10.46.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. The business had revenue of $188.46 million during the quarter, compared to analyst estimates of $197.04 million. Portillo's had a net margin of 4.19% and a return on equity of 6.25%. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. Portillo's has set its FY 2025 guidance at EPS. Equities analysts expect that Portillo's will post 0.35 earnings per share for the current year.

Insider Activity at Portillo's

In related news, CFO Michelle Greig Hook purchased 40,000 shares of the business's stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $7.67 per share, with a total value of $306,800.00. Following the purchase, the chief financial officer directly owned 173,405 shares in the company, valued at approximately $1,330,016.35. This represents a 29.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eugene I. Lee, Jr. acquired 130,250 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was purchased at an average price of $7.68 per share, for a total transaction of $1,000,320.00. Following the transaction, the director directly owned 130,250 shares of the company's stock, valued at approximately $1,000,320. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 210,570 shares of company stock valued at $1,614,474. Company insiders own 6.14% of the company's stock.

Hedge Funds Weigh In On Portillo's

Institutional investors have recently added to or reduced their stakes in the company. Soros Capital Management LLC grew its position in shares of Portillo's by 486.8% in the 1st quarter. Soros Capital Management LLC now owns 431,012 shares of the company's stock worth $5,125,000 after buying an additional 357,561 shares during the period. Ameriprise Financial Inc. grew its holdings in Portillo's by 53.6% in the first quarter. Ameriprise Financial Inc. now owns 3,413,669 shares of the company's stock worth $40,590,000 after purchasing an additional 1,191,443 shares during the period. Orbis Allan Gray Ltd increased its stake in shares of Portillo's by 4.1% during the first quarter. Orbis Allan Gray Ltd now owns 5,973,638 shares of the company's stock valued at $71,027,000 after purchasing an additional 234,475 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Portillo's during the first quarter valued at approximately $1,445,000. Finally, Invesco Ltd. boosted its position in shares of Portillo's by 196.6% in the 1st quarter. Invesco Ltd. now owns 173,928 shares of the company's stock worth $2,068,000 after purchasing an additional 115,278 shares in the last quarter. 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.

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