Morgan Stanley Trims Portillo’s (NASDAQ:PTLO) Target Price to $16.00

Portillo’s (NASDAQ:PTLOFree Report) had its price target decreased by Morgan Stanley from $17.00 to $16.00 in a research report report published on Friday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Separately, Stephens started coverage on Portillo’s in a research report on Friday. They issued an overweight rating and a $20.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $22.43.

Read Our Latest Research Report on Portillo’s

Portillo’s Price Performance

Portillo’s stock opened at $12.92 on Friday. Portillo’s has a one year low of $12.57 and a one year high of $23.99. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.32 and a current ratio of 0.40. The business has a fifty day moving average of $13.67 and a two-hundred day moving average of $14.60. The company has a market cap of $942.77 million, a P/E ratio of 41.68, a price-to-earnings-growth ratio of 1.56 and a beta of 1.85.

Portillo’s (NASDAQ:PTLOGet Free Report) last released its earnings results on Tuesday, February 27th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. Portillo’s had a return on equity of 4.79% and a net margin of 2.71%. The company had revenue of $187.86 million during the quarter, compared to the consensus estimate of $184.95 million. During the same quarter last year, the company earned $0.08 earnings per share. Portillo’s’s quarterly revenue was up 24.5% compared to the same quarter last year. As a group, analysts predict that Portillo’s will post 0.41 earnings per share for the current fiscal year.

Institutional Trading of Portillo’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTLO. Raymond James & Associates increased its position in Portillo’s by 41.0% during the 1st quarter. Raymond James & Associates now owns 45,306 shares of the company’s stock worth $1,113,000 after purchasing an additional 13,170 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Portillo’s by 57.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 33,964 shares of the company’s stock valued at $834,000 after buying an additional 12,455 shares during the period. Bank of New York Mellon Corp grew its holdings in Portillo’s by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 70,644 shares of the company’s stock valued at $1,735,000 after buying an additional 3,511 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Portillo’s by 25.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 37,552 shares of the company’s stock valued at $922,000 after buying an additional 7,601 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in Portillo’s by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 14,070 shares of the company’s stock valued at $346,000 after buying an additional 5,017 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Portillo’s Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Portillo's (NASDAQ:PTLO)

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