UBS Group Has Lowered Expectations for Portillo's (NASDAQ:PTLO) Stock Price

Key Points

• UBS Group has reduced its target price for Portillo's (NASDAQ: PTLO) from $12.00 to $9.00, indicating a potential upside of 17.88% from the current stock price.
• Multiple analysts have provided mixed ratings on Portillo's, with five analysts holding a "buy" rating and five giving a "hold" rating, resulting in an average consensus price target of $13.13.
• Portillo's reported a net margin of 3.92% and revenue of $188.46 million during its last quarterly earnings, which fell short of analysts' expectations.

Portillo's (NASDAQ:PTLO - Get Free Report) had its target price reduced by stock analysts at UBS Group from $12.00 to $9.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price target would indicate a potential upside of 17.88% from the stock's current price.

Other equities analysts have also issued reports about the stock. William Blair restated an "outperform" rating on shares of Portillo's in a report on Friday, May 30th. Bank of America dropped their target price on shares of Portillo's from $19.00 to $16.00 and set a "buy" rating on the stock in a research report on Friday, July 18th. Stephens reaffirmed an "equal weight" rating and issued a $13.00 target price on shares of Portillo's in a research report on Wednesday, May 7th. Guggenheim lowered their price objective on shares of Portillo's from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th. Finally, Robert W. Baird set a $8.00 price objective on shares of Portillo's in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $13.13.

Portillo's Stock Performance

Shares of Portillo's stock traded up $0.36 during trading on Wednesday, hitting $7.64. 2,370,722 shares of the company's stock were exchanged, compared to its average volume of 2,011,321. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.21 and a current ratio of 0.25. The business has a 50-day simple moving average of $11.29 and a 200-day simple moving average of $12.14. Portillo's has a 52-week low of $7.20 and a 52-week high of $15.78. The stock has a market capitalization of $571.25 million, a price-to-earnings ratio of 17.82, a PEG ratio of 6.04 and a beta of 1.81.

Portillo's (NASDAQ:PTLO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.12 earnings per share for the quarter, hitting analysts' consensus estimates of $0.12. The business had revenue of $188.46 million during the quarter, compared to the consensus estimate of $197.04 million. Portillo's had a net margin of 3.92% and a return on equity of 5.87%. The company's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 earnings per share. On average, research analysts forecast that Portillo's will post 0.35 EPS for the current year.

Insider Activity at Portillo's

In other Portillo's news, Director Berkshire Partners Llc sold 10,000,000 shares of Portillo's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $12.23, for a total transaction of $122,300,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On Portillo's

Institutional investors have recently bought and sold shares of the stock. Orbis Allan Gray Ltd lifted its position 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 worth $71,027,000 after purchasing an additional 234,475 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Portillo's by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 5,571,434 shares of the company's stock worth $52,371,000 after purchasing an additional 97,801 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Portillo's by 10,963.2% during the first quarter. Alliancebernstein L.P. now owns 4,947,461 shares of the company's stock worth $58,825,000 after purchasing an additional 4,902,741 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Portillo's by 53.6% during 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 in the last quarter. Finally, Zuckerman Investment Group LLC raised its holdings in Portillo's by 6.9% in the fourth quarter. Zuckerman Investment Group LLC now owns 1,944,983 shares of the company's stock valued at $18,283,000 after acquiring an additional 125,073 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other 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.

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