Portillo’s (NASDAQ:PTLO) Stock Rating Upgraded by Stifel Nicolaus

Portillo’s (NASDAQ:PTLO) was upgraded by research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a note issued to investors on Monday, MarketBeat reports. The firm presently has a $16.00 price objective on the stock, up from their previous price objective of $13.00. Stifel Nicolaus’ price objective suggests a potential upside of 28.10% from the stock’s current price.

A number of other equities research analysts also recently issued reports on PTLO. Stephens reiterated an “equal weight” rating and issued a $13.00 price objective on shares of Portillo’s in a research report on Wednesday, November 6th. UBS Group lowered their price target on Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Morgan Stanley cut their price objective on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Portillo’s Stock Performance

Shares of PTLO opened at $12.49 on Monday. The stock’s 50-day simple moving average is $10.31 and its 200 day simple moving average is $11.32. Portillo’s has a 52-week low of $8.38 and a 52-week high of $16.17. The stock has a market capitalization of $927.01 million, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 12.23 and a beta of 1.72. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The company had revenue of $178.25 million during the quarter, compared to analysts’ expectations of $182.07 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. Portillo’s’s revenue for the quarter was up 6.9% on a year-over-year basis. Research analysts forecast that Portillo’s will post 0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Portillo’s

Several institutional investors and hedge funds have recently made changes to their positions in PTLO. Wolff Wiese Magana LLC boosted its position in Portillo’s by 2.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 32,207 shares of the company’s stock valued at $434,000 after buying an additional 781 shares during the period. NBC Securities Inc. raised its stake in shares of Portillo’s by 43.5% during the third quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock valued at $44,000 after acquiring an additional 1,000 shares during the last quarter. Lakewood Asset Management LLC boosted its holdings in shares of Portillo’s by 2.2% during the fourth quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company’s stock worth $984,000 after purchasing an additional 2,251 shares during the period. Point72 DIFC Ltd purchased a new position in Portillo’s during the 2nd quarter valued at about $29,000. Finally, TFB Advisors LLC raised its position in Portillo’s by 14.7% during the 3rd quarter. TFB Advisors LLC now owns 27,585 shares of the company’s stock valued at $372,000 after purchasing an additional 3,542 shares during the last quarter. Institutional investors 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.