Portillo’s (NASDAQ:PTLO) Price Target Raised to $14.00 at Stephens

Portillo’s (NASDAQ:PTLO) had its price target upped by stock analysts at Stephens from $13.00 to $14.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Stephens’ target price would suggest a potential downside of 6.04% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Stifel Nicolaus raised shares of Portillo’s from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $16.00 in a report on Monday, January 27th. Morgan Stanley reduced their target price on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, UBS Group dropped their price target on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Portillo’s currently has a consensus rating of “Moderate Buy” and an average price target of $14.14.

Portillo’s Trading Up 9.8 %

Portillo’s stock opened at $14.90 on Wednesday. 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 has a fifty-two week low of $8.38 and a fifty-two week high of $16.17. The stock has a market cap of $1.11 billion, a P/E ratio of 35.48, a PEG ratio of 14.77 and a beta of 1.81. The firm’s fifty day moving average price is $12.05 and its 200-day moving average price is $12.05.

Portillo’s (NASDAQ:PTLO) last posted its earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.02 by $0.15. The business had revenue of $184.61 million during the quarter, compared to analysts’ expectations of $185.16 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 earnings per share. Equities research analysts forecast that Portillo’s will post 0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Portillo’s

A number of large investors have recently added to or reduced their stakes in PTLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Portillo’s by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,742 shares of the company’s stock worth $289,000 after buying an additional 1,185 shares during the period. Hollencrest Capital Management increased its stake in Portillo’s by 100.0% in the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $38,000 after purchasing an additional 2,000 shares during the period. Mesirow Financial Investment Management Inc. increased its stake in Portillo’s by 5.0% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 43,032 shares of the company’s stock worth $405,000 after purchasing an additional 2,038 shares during the period. Lakewood Asset Management LLC lifted its position in Portillo’s by 2.2% in the fourth quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company’s stock valued at $984,000 after purchasing an additional 2,251 shares during the last quarter. Finally, Stoneridge Investment Partners LLC boosted its stake in shares of Portillo’s by 23.5% during the fourth quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company’s stock valued at $118,000 after purchasing an additional 2,396 shares during the period. Hedge funds and other 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.