Portillo’s (NASDAQ:PTLO) Given New $13.00 Price Target at Morgan Stanley

Portillo’s (NASDAQ:PTLO) had its target price lowered by stock analysts at Morgan Stanley from $15.00 to $13.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 10.73% from the company’s previous close.

Other research analysts have also issued reports about the company. Stifel Nicolaus lowered Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price target for the company. in a report on Wednesday, November 6th. Stephens reissued an “equal weight” rating and issued a $13.00 price target on shares of Portillo’s in a report on Wednesday, November 6th. Finally, UBS Group dropped their price objective on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.57.

Portillo’s Stock Performance

NASDAQ:PTLO opened at $11.74 on Tuesday. The firm has a market capitalization of $871.34 million, a PE ratio of 27.95, a PEG ratio of 12.32 and a beta of 1.72. Portillo’s has a 1 year low of $8.38 and a 1 year high of $16.17. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The firm’s fifty day simple moving average is $10.29 and its 200 day simple moving average is $11.24.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The company had revenue of $178.25 million for the quarter, compared to the consensus estimate of $182.07 million. During the same period last year, the business posted $0.07 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Portillo’s will post 0.33 EPS for the current year.

Institutional Trading of Portillo’s

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Portillo’s in the fourth quarter worth about $395,000. Perfromance Wealth Partners LLC bought a new stake in shares of Portillo’s in the 4th quarter valued at approximately $145,000. Lakewood Asset Management LLC raised its holdings in shares of Portillo’s by 2.2% in the 4th quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company’s stock worth $984,000 after buying an additional 2,251 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of Portillo’s during the 4th quarter worth approximately $47,000. Finally, Principal Financial Group Inc. boosted its stake in Portillo’s by 10.9% in the 3rd 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 institutional investors and hedge funds.

Portillo’s Company Profile

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.