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

Portillo's (NASDAQ:PTLO - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at William Blair in a note issued to investors on Friday,RTT News reports.

Other research analysts have also issued research reports about the company. Stephens reissued an "equal weight" rating and set a $13.00 price objective on shares of Portillo's in a report on Wednesday, May 7th. UBS Group cut their price objective on Portillo's from $15.00 to $12.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Piper Sandler cut their price objective on Portillo's from $17.00 to $13.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Robert W. Baird reiterated a "neutral" rating and set a $12.00 price target (down from $15.00) on shares of Portillo's in a research report on Monday, April 7th. Finally, Baird R W cut shares of Portillo's from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Portillo's presently has a consensus rating of "Hold" and a consensus price target of $13.71.

Portillo's Price Performance

Shares of NASDAQ PTLO traded up $0.10 during midday trading on Friday, hitting $12.01. 2,009,701 shares of the company's stock were exchanged, compared to its average volume of 1,444,303. Portillo's has a 12-month low of $8.38 and a 12-month high of $15.78. 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 $898.53 million, a price-to-earnings ratio of 28.60, a PEG ratio of 14.77 and a beta of 1.83. The business's fifty day moving average price is $11.52 and its two-hundred day moving average price is $11.80.

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

Insider Buying and Selling at Portillo's

In other news, Director Berkshire Partners Llc sold 10,000,000 shares of the stock in a transaction that occurred 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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.57% of the company's stock.

Institutional Trading of Portillo's

A number of institutional investors have recently made changes to their positions in PTLO. Alliancebernstein L.P. boosted its stake 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 valued at $58,825,000 after purchasing an additional 4,902,741 shares during the period. Fred Alger Management LLC purchased a new stake in shares of Portillo's during the first quarter valued at approximately $17,489,000. Ameriprise Financial Inc. boosted its stake 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 valued at $40,590,000 after purchasing an additional 1,191,443 shares during the period. Select Equity Group L.P. boosted its stake in shares of Portillo's by 675.1% during 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 purchasing an additional 932,624 shares during the period. Finally, Hodges Capital Management Inc. boosted its stake in shares of Portillo's by 80.5% during the fourth quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company's stock valued at $15,537,000 after purchasing an additional 737,049 shares during the period. Hedge funds and other institutional investors own 98.34% of the company's stock.

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.