Portillo’s (NASDAQ:PTLO) Stock Rating Reaffirmed as “Equal Weight” by Stephens

Portillo’s (NASDAQ:PTLO)‘s stock had its “equal weight” rating reiterated by investment analysts at Stephens in a note issued to investors on Thursday, Benzinga reports. They currently have a $5.00 price target on the stock. Stephens’ price target suggests a potential upside of 3.84% from the stock’s previous close.

PTLO has been the topic of several other research reports. Wall Street Zen upgraded shares of Portillo’s from a “sell” rating to a “hold” rating in a research note on Sunday, September 6th. Robert W. Baird upgraded shares of Portillo’s to a “hold” rating in a research note on Monday, August 24th. UBS Group decreased their target price on shares of Portillo’s from $5.50 to $4.50 and set a “neutral” rating for the company in a research report on Friday, October 9th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Portillo’s in a research report on Monday, August 3rd. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.66.

Portillo’s Stock Up 0.5%

PTLO stock traded up $0.03 during trading on Thursday, reaching $4.82. The stock had a trading volume of 266,021 shares, compared to its average volume of 1,649,209. Portillo’s has a 1-year low of $3.29 and a 1-year high of $6.69. The company has a current ratio of 0.26, a quick ratio of 0.20 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $365.67 million, a P/E ratio of 26.76, a PEG ratio of 1.01 and a beta of 1.58. The firm has a fifty day moving average price of $4.25 and a 200 day moving average price of $4.58.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $198.95 million for the quarter, compared to analyst estimates of $199.22 million. Portillo’s had a net margin of 1.85% and a return on equity of 2.78%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 EPS. On average, equities analysts anticipate that Portillo’s will post 0.19 earnings per share for the current year.

Insider Buying and Selling

In related news, Director I Jr bought 65,355 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of $4.59 per share, for a total transaction of $299,979.45. Following the transaction, the director directly owned 551,770 shares in the company, valued at $2,532,624.30. This represents a 13.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PTLO. Chicago Partners Investment Group LLC boosted its position in Portillo’s by 1.0% in the first quarter. Chicago Partners Investment Group LLC now owns 263,381 shares of the company’s stock valued at $1,393,000 after buying an additional 2,487 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Portillo’s by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 195,510 shares of the company’s stock worth $1,034,000 after acquiring an additional 4,497 shares during the last quarter. Essential Partners LLC raised its stake in shares of Portillo’s by 83,350.0% in the first quarter. Essential Partners LLC now owns 5,007 shares of the company’s stock worth $26,000 after acquiring an additional 5,001 shares during the last quarter. First National Bank Sioux Falls bought a new position in shares of Portillo’s in the first quarter worth about $56,000. Finally, Aaron Wealth Advisors LLC bought a new position in shares of Portillo’s in the first quarter worth about $53,000. Institutional investors own 98.34% of the company’s stock.

About Portillo’s

Portillo’s, Inc operates a chain of fast-casual restaurants known for Chicago-style food. Its menu features Chicago-style hot dogs, Italian beef and sausage sandwiches, burgers, chicken sandwiches, salads, French fries, milkshakes and its signature chocolate cake.

The company serves customers through company-operated restaurants, drive-thru lanes, takeout and delivery services, as well as catering. Portillo’s restaurants are concentrated in the Midwest and have expanded into select Sun Belt markets, including Arizona and Florida.

Portillo’s traces its origins to 1963, when founder Dick Portillo opened a small hot dog stand called The Dog House in Villa Park, Illinois.