Portillo’s (NASDAQ:PTLO) Given “Equal Weight” Rating at Stephens

Stephens reissued their equal weight rating on shares of Portillo’s (NASDAQ:PTLO) in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has a $13.00 price objective on the stock.

PTLO has been the subject of several other research reports. Bank of America decreased their target price on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Stifel Nicolaus lowered Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price objective for the company. in a report on Wednesday. Finally, Morgan Stanley cut their target price on 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.00.

Portillo’s Stock Down 2.6 %

NASDAQ:PTLO opened at $13.14 on Wednesday. The company has a current ratio of 0.38, a quick ratio of 0.30 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average of $12.74 and a 200-day moving average of $11.25. The firm has a market capitalization of $958.83 million, a PE ratio of 34.58, a price-to-earnings-growth ratio of 17.75 and a beta of 1.78. Portillo’s has a 52 week low of $8.66 and a 52 week high of $16.92.

Portillo’s (NASDAQ:PTLO) last issued its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. The firm had revenue of $178.25 million for the quarter, compared to analyst estimates of $182.07 million. Portillo’s had a return on equity of 5.08% and a net margin of 3.30%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. Analysts predict that Portillo’s will post 0.27 EPS for the current year.

Hedge Funds Weigh In On Portillo’s

A number of hedge funds and other institutional investors have recently modified their holdings of PTLO. Victory Capital Management Inc. increased its position in shares of Portillo’s by 23.9% in the third quarter. Victory Capital Management Inc. now owns 78,766 shares of the company’s stock worth $1,061,000 after acquiring an additional 15,175 shares in the last quarter. GSA Capital Partners LLP increased its stake in Portillo’s by 38.6% in the 3rd quarter. GSA Capital Partners LLP now owns 95,060 shares of the company’s stock valued at $1,280,000 after buying an additional 26,465 shares during the period. Mesirow Financial Investment Management Inc. lifted its position in Portillo’s by 23.7% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 40,994 shares of the company’s stock worth $552,000 after buying an additional 7,852 shares in the last quarter. TFB Advisors LLC raised its holdings in shares of Portillo’s by 14.7% during the third quarter. TFB Advisors LLC now owns 27,585 shares of the company’s stock worth $372,000 after acquiring an additional 3,542 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its stake in shares of Portillo’s by 0.6% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 715,345 shares of the company’s stock valued at $9,636,000 after buying an additional 4,425 shares in the last quarter. Institutional investors and hedge funds 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.