Portillo’s (NASDAQ:PTLO) Stock Price Expected to Rise, Stephens Analyst Says

Portillo’s (NASDAQ:PTLO) had its price target lifted by Stephens from $13.00 to $14.00 in a report released on Wednesday morning,Benzinga reports. Stephens currently has an equal weight rating on the stock.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus upgraded shares of Portillo’s from a “hold” rating to a “buy” rating and raised their target price for the stock from $13.00 to $16.00 in a research note on Monday, January 27th. UBS Group dropped their price objective on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, Morgan Stanley dropped their price objective on shares of 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. 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, Portillo’s currently has a consensus rating of “Moderate Buy” and an average price target of $14.29.

Portillo’s Stock Performance

NASDAQ PTLO opened at $13.97 on Wednesday. The firm has a 50-day moving average of $12.25 and a 200-day moving average of $12.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The stock has a market cap of $1.04 billion, a PE ratio of 33.26, a P/E/G ratio of 14.77 and a beta of 1.81. Portillo’s has a 52-week low of $8.38 and a 52-week high of $15.78.

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

Institutional Trading of Portillo’s

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Engaged Capital LLC raised its stake in Portillo’s by 121.5% in the 3rd quarter. Engaged Capital LLC now owns 6,114,956 shares of the company’s stock worth $82,368,000 after purchasing an additional 3,354,513 shares in the last quarter. Vanguard Group Inc. increased its holdings in Portillo’s by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 5,571,434 shares of the company’s stock valued at $52,371,000 after buying an additional 97,801 shares during the period. Zuckerman Investment Group LLC increased its holdings in Portillo’s by 6.9% in the 4th quarter. Zuckerman Investment Group LLC now owns 1,944,983 shares of the company’s stock valued at $18,283,000 after buying an additional 125,073 shares during the period. Principal Financial Group Inc. increased its holdings 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 during the period. Finally, Marshall Wace LLP increased its holdings in Portillo’s by 8.2% in the 4th quarter. Marshall Wace LLP now owns 1,751,856 shares of the company’s stock valued at $16,467,000 after buying an additional 132,112 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

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.