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

Portillo’s (NASDAQ:PTLO)‘s stock had its “equal weight” rating restated by research analysts at Stephens in a report issued on Wednesday,Benzinga reports. They currently have a $13.00 price target on the stock. Stephens’ price objective would suggest a potential upside of 1.80% from the stock’s previous close.

A number of other brokerages also recently commented on PTLO. Stifel Nicolaus downgraded shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price objective for the company. in a research report on Wednesday. Bank of America decreased their price objective on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Morgan Stanley decreased 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 report on Tuesday, July 16th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Portillo’s Stock Down 2.8 %

Portillo’s stock opened at $12.77 on Wednesday. The company has a fifty day simple moving average of $12.75 and a 200 day simple moving average of $11.26. Portillo’s has a 1-year low of $8.66 and a 1-year high of $16.92. The company has a market cap of $931.89 million, a P/E ratio of 30.40, a price-to-earnings-growth ratio of 17.75 and a beta of 1.78. The company has a current ratio of 0.38, a quick ratio of 0.30 and a debt-to-equity ratio of 0.60.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Portillo’s had a net margin of 3.30% and a return on equity of 5.08%. The company had revenue of $178.25 million during the quarter, compared to the consensus estimate of $182.07 million. During the same quarter last year, the firm posted $0.07 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Research analysts anticipate that Portillo’s will post 0.27 earnings per share for the current fiscal year.

Institutional Trading of Portillo’s

Several hedge funds and other institutional investors have recently modified their holdings of PTLO. Point72 DIFC Ltd bought a new stake in shares of Portillo’s during the 2nd quarter worth about $29,000. NBC Securities Inc. raised its stake in Portillo’s by 43.5% in the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock worth $44,000 after purchasing an additional 1,000 shares in the last quarter. AdvisorShares Investments LLC acquired a new stake in Portillo’s in the 2nd quarter worth about $52,000. nVerses Capital LLC acquired a new stake in Portillo’s in the 3rd quarter worth about $69,000. Finally, Fifth Third Bancorp raised its stake in Portillo’s by 283.0% in the 2nd quarter. Fifth Third Bancorp now owns 13,100 shares of the company’s stock worth $127,000 after purchasing an additional 9,680 shares in the last quarter. Institutional investors 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.