Portillo’s (NASDAQ:PTLO) Receives “Equal Weight” Rating from Stephens

Portillo’s (NASDAQ:PTLO)‘s stock had its “equal weight” rating restated by equities research analysts at Stephens in a research report issued on Tuesday,Benzinga reports. They currently have a $13.00 target price on the stock. Stephens’ price target would indicate a potential downside of 11.12% from the stock’s current price.

A number of other equities analysts have also recently weighed in on PTLO. UBS Group decreased their price target on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Morgan Stanley lowered their target price on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus upgraded Portillo’s from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $16.00 in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Portillo’s has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Portillo’s Trading Up 7.8 %

PTLO traded up $1.06 during trading on Tuesday, hitting $14.63. 1,292,231 shares of the company’s stock were exchanged, compared to its average volume of 1,878,270. Portillo’s has a 1 year low of $8.38 and a 1 year high of $16.17. The stock has a 50 day moving average price of $11.93 and a 200 day moving average price of $12.02. The firm has a market cap of $1.09 billion, a P/E ratio of 34.82, a price-to-earnings-growth ratio of 14.77 and a beta of 1.82. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.15. The firm had revenue of $184.61 million during the quarter, compared to the consensus estimate of $185.16 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 EPS. As a group, analysts expect that Portillo’s will post 0.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Portillo’s

Institutional investors have recently bought and sold shares of the stock. First Dallas Securities Inc. lifted its stake in shares of Portillo’s by 94.4% in the 4th quarter. First Dallas Securities Inc. now owns 43,250 shares of the company’s stock worth $407,000 after acquiring an additional 21,000 shares during the period. Fifth Third Bancorp increased its position in shares of Portillo’s by 229.0% during the 4th quarter. Fifth Third Bancorp now owns 43,100 shares of the company’s stock valued at $405,000 after purchasing an additional 30,000 shares during the period. Principal Financial Group Inc. lifted its holdings 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 during the period. CenterStar Asset Management LLC boosted its stake in Portillo’s by 348.4% during the fourth quarter. CenterStar Asset Management LLC now owns 60,529 shares of the company’s stock valued at $568,000 after buying an additional 47,029 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new position in Portillo’s during the fourth quarter worth about $2,590,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

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.