Portillo’s’ (PTLO) Overweight Rating Reiterated at Stephens

Stephens restated their overweight rating on shares of Portillo’s (NASDAQ:PTLO) in a research note released on Tuesday morning, Benzinga reports. Stephens currently has a $13.00 price target on the stock.

Other research analysts have also issued research reports about the company. Robert W. Baird lowered their price objective on Portillo’s from $17.00 to $15.00 and set an outperform rating on the stock in a report on Wednesday, May 8th. UBS Group dropped their price target on shares of Portillo’s from $18.00 to $13.00 and set a neutral rating on the stock in a research report on Wednesday, May 8th. Morgan Stanley lowered their target price on shares of Portillo’s from $15.00 to $13.00 and set an equal weight rating on the stock in a research note on Tuesday, July 16th. Stifel Nicolaus cut their target price on shares of Portillo’s from $15.00 to $13.00 and set a buy rating for the company in a research report on Friday, July 12th. Finally, Bank of America lowered their price target on Portillo’s from $20.00 to $17.00 and set a buy rating on the stock in a research report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $15.25.

Portillo’s Stock Up 4.1 %

Shares of NASDAQ PTLO traded up $0.42 during trading hours on Tuesday, hitting $10.71. The stock had a trading volume of 1,929,798 shares, compared to its average volume of 1,104,579. The company has a market capitalization of $781.51 million, a P/E ratio of 26.78, a P/E/G ratio of 5.34 and a beta of 1.73. The firm’s 50-day moving average price is $9.79 and its two-hundred day moving average price is $11.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.29 and a current ratio of 0.36. Portillo’s has a 52 week low of $8.66 and a 52 week high of $19.45.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $181.86 million for the quarter, compared to the consensus estimate of $184.44 million. Portillo’s had a net margin of 3.30% and a return on equity of 5.11%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 EPS. Analysts anticipate that Portillo’s will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Portillo’s

Several hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC raised its holdings in Portillo’s by 1,493.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,593 shares of the company’s stock valued at $25,000 after acquiring an additional 1,493 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in shares of Portillo’s by 2.2% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 627,555 shares of the company’s stock valued at $9,997,000 after purchasing an additional 13,325 shares in the last quarter. New York State Common Retirement Fund lifted its position in Portillo’s by 8.5% in the fourth quarter. New York State Common Retirement Fund now owns 65,028 shares of the company’s stock worth $1,036,000 after purchasing an additional 5,087 shares during the period. Headlands Technologies LLC acquired a new stake in Portillo’s during the fourth quarter worth $71,000. Finally, Victory Capital Management Inc. raised its position in Portillo’s by 56.7% in the fourth quarter. Victory Capital Management Inc. now owns 21,510 shares of the company’s stock worth $343,000 after purchasing an additional 7,784 shares in the last quarter. 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.