Stephens Reiterates “Overweight” Rating for Portillo’s (NASDAQ:PTLO)

Stephens restated their overweight rating on shares of Portillo’s (NASDAQ:PTLO) in a research note published on Tuesday morning, Benzinga reports. The firm currently has a $20.00 target price on the stock.

Separately, Morgan Stanley lowered their price objective on Portillo’s from $17.00 to $16.00 and set an equal weight rating on the stock in a research report on Friday, April 12th.

Portillo’s Stock Performance

Shares of NASDAQ PTLO opened at $10.61 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 0.62. Portillo’s has a 12-month low of $10.33 and a 12-month high of $23.99. The firm has a market capitalization of $774.21 million, a price-to-earnings ratio of 34.23, a price-to-earnings-growth ratio of 1.56 and a beta of 1.86. The firm has a 50 day moving average of $13.08 and a 200 day moving average of $14.25.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.05 by $0.08. The firm had revenue of $187.86 million during the quarter, compared to analyst estimates of $184.95 million. Portillo’s had a return on equity of 4.79% and a net margin of 2.71%. Portillo’s’s revenue was up 24.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 EPS. On average, research analysts anticipate that Portillo’s will post 0.4 earnings per share for the current year.

Institutional Trading of Portillo’s

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Portillo’s by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,523,034 shares of the company’s stock worth $69,609,000 after purchasing an additional 57,451 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Portillo’s by 10.7% in the third quarter. Blair William & Co. IL now owns 2,495,995 shares of the company’s stock worth $38,413,000 after buying an additional 241,069 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Portillo’s by 22.3% during the first quarter. Principal Financial Group Inc. now owns 1,572,648 shares of the company’s stock valued at $22,300,000 after buying an additional 286,618 shares during the last quarter. Granahan Investment Management LLC grew its holdings in Portillo’s by 33.8% during the 4th quarter. Granahan Investment Management LLC now owns 1,324,465 shares of the company’s stock valued at $21,099,000 after buying an additional 334,731 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its stake in Portillo’s by 2.2% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 627,555 shares of the company’s stock worth $9,997,000 after acquiring an additional 13,325 shares during the last quarter. Hedge funds and other 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.