Portillo’s (NASDAQ:PTLO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Portillo’s (NASDAQ:PTLO) from a sell rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

Several other equities research analysts have also weighed in on PTLO. Guggenheim lowered Portillo’s from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Portillo’s in a report on Monday, August 3rd. Stifel Nicolaus lowered their price target on shares of Portillo’s from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. Robert W. Baird upgraded shares of Portillo’s to a “hold” rating in a research report on Monday, August 24th. Finally, Morgan Stanley dropped their price objective on shares of Portillo’s from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.92.

Portillo’s Stock Performance

Shares of PTLO stock opened at $4.57 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.26 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average of $4.66 and a two-hundred day moving average of $4.91. Portillo’s has a 52 week low of $3.78 and a 52 week high of $7.12. The company has a market cap of $347.05 million, a P/E ratio of 25.39, a PEG ratio of 1.02 and a beta of 1.56.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $198.95 million for the quarter, compared to analysts’ expectations of $199.22 million. Portillo’s had a return on equity of 2.78% and a net margin of 1.85%.The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 EPS. As a group, analysts anticipate that Portillo’s will post 0.19 EPS for the current year.

Insider Buying and Selling

In other Portillo’s news, Director Eugene I. Lee, Jr. bought 65,355 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average cost 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. The trade was a 13.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PTLO. Royal Bank of Canada grew its stake in shares of Portillo’s by 731.1% in the first quarter. Royal Bank of Canada now owns 156,710 shares of the company’s stock worth $1,864,000 after purchasing an additional 137,854 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Portillo’s during the first quarter valued at $318,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Portillo’s by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,550 shares of the company’s stock valued at $387,000 after purchasing an additional 1,808 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Portillo’s during the second quarter valued at about $145,000. Finally, Legal & General Group Plc raised its stake in shares of Portillo’s by 45.4% during the second quarter. Legal & General Group Plc now owns 74,056 shares of the company’s stock valued at $864,000 after purchasing an additional 23,115 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 operates a fast?casual restaurant chain best known for its Chicago?style menu, featuring Italian beef sandwiches, Chicago?style hot dogs, char?grilled burgers, salads, crinkle?cut fries and hand?spun milkshakes. In addition to its signature sandwiches and dogs, the company offers a selection of desserts—including its famous chocolate cake and frozen custard—as well as catering services designed to bring its Midwestern flavors to corporate and social events.

The company was founded in 1963 by Dick Portillo, who opened the first Portillo’s in Villa Park, Illinois.