Portillo’s (NASDAQ:PTLO) Price Target Raised to $14.00 at Stephens

Portillo’s (NASDAQ:PTLO) had its target price raised by research analysts at Stephens from $13.00 to $14.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Stephens’ price objective indicates a potential upside of 0.14% from the company’s previous close.

PTLO has been the subject of a number of other research reports. Morgan Stanley decreased their target price on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. UBS Group reduced their price target on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus upgraded Portillo’s from a “hold” rating to a “buy” rating and lifted their price target for the company from $13.00 to $16.00 in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.14.

Portillo’s Trading Up 0.2 %

Portillo’s stock opened at $13.98 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. Portillo’s has a 52 week low of $8.38 and a 52 week high of $15.92. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 33.29, a price-to-earnings-growth ratio of 14.77 and a beta of 1.81. The stock has a 50-day moving average price of $12.15 and a 200 day moving average price of $12.06.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The firm had revenue of $184.61 million during the quarter, compared to the consensus estimate of $185.16 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue was down 1.7% compared to the same quarter last year. Sell-side analysts anticipate that Portillo’s will post 0.35 EPS for the current year.

Institutional Trading of Portillo’s

A number of institutional investors and hedge funds have recently made changes to their positions in PTLO. Allspring Global Investments Holdings LLC purchased a new stake in shares of Portillo’s in the third quarter valued at approximately $3,165,000. Rice Hall James & Associates LLC increased its position in shares of Portillo’s by 51.2% in the third quarter. Rice Hall James & Associates LLC now owns 207,945 shares of the company’s stock valued at $2,801,000 after buying an additional 70,409 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its position in shares of Portillo’s by 11.8% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 899,461 shares of the company’s stock valued at $12,116,000 after buying an additional 94,817 shares in the last quarter. Emerald Advisers LLC increased its position in shares of Portillo’s by 29.4% in the third quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company’s stock valued at $17,137,000 after buying an additional 288,675 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Portillo’s by 10.9% in the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock valued at $24,086,000 after buying an additional 175,999 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

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.