Portillo's' (PTLO) "Outperform" Rating Reiterated at William Blair

Portillo's (NASDAQ:PTLO - Get Free Report)'s stock had its "outperform" rating restated by investment analysts at William Blair in a report released on Friday,RTT News reports.

Several other research analysts have also recently weighed in on PTLO. Piper Sandler reduced their price target on Portillo's from $17.00 to $13.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. UBS Group cut their price objective on shares of Portillo's from $15.00 to $12.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Baird R W lowered shares of Portillo's from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Stifel Nicolaus lifted their price target on Portillo's from $16.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $13.00 price target on shares of Portillo's in a report on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $13.71.

Portillo's Stock Down 3.7%

Shares of PTLO stock traded down $0.46 during trading hours on Friday, reaching $11.95. 1,667,052 shares of the company's stock were exchanged, compared to its average volume of 1,446,109. Portillo's has a fifty-two week low of $8.38 and a fifty-two week high of $15.78. The stock's 50 day moving average is $11.52 and its 200-day moving average is $11.81. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The company has a market cap of $894.04 million, a price-to-earnings ratio of 28.45, a P/E/G ratio of 14.77 and a beta of 1.83.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. The company had revenue of $176.44 million during the quarter, compared to analyst estimates of $180.76 million. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. Portillo's's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.08 EPS. Analysts predict that Portillo's will post 0.35 earnings per share for the current fiscal year.

Insider Transactions at Portillo's

In other news, Director Berkshire Partners Llc sold 10,000,000 shares of Portillo's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $12.23, for a total transaction of $122,300,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 6.57% of the company's stock.

Institutional Investors Weigh In On Portillo's

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. increased its stake in 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 acquiring an additional 4,902,741 shares during the last quarter. Fred Alger Management LLC acquired a new stake in shares of Portillo's in the 1st quarter valued at $17,489,000. Ameriprise Financial Inc. boosted its position in shares of Portillo's by 53.6% during the 1st quarter. Ameriprise Financial Inc. now owns 3,413,669 shares of the company's stock worth $40,590,000 after acquiring an additional 1,191,443 shares in the last quarter. Select Equity Group L.P. boosted its stake in Portillo's by 675.1% in the first quarter. Select Equity Group L.P. now owns 1,070,774 shares of the company's stock valued at $12,732,000 after acquiring an additional 932,624 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its holdings in shares of Portillo's by 80.5% in the fourth quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company's stock valued at $15,537,000 after acquiring an additional 737,049 shares during the period. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Portillo's Company Profile

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.