Portillo’s (NASDAQ:PTLO) Receives Equal Weight Rating from Stephens

Stephens restated their equal weight rating on shares of Portillo’s (NASDAQ:PTLO) in a research report report published on Tuesday,Benzinga reports. They currently have a $13.00 price target on the stock.

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

Portillo’s Trading Up 0.2 %

NASDAQ:PTLO opened at $13.98 on Tuesday. Portillo’s has a 52-week low of $8.38 and a 52-week high of $15.92. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $12.15 and a 200-day simple moving average of $12.06. The company has a market capitalization of $1.04 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 14.77 and a beta of 1.81.

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

Institutional Investors Weigh In On Portillo’s

A number of hedge funds and other institutional investors have recently made changes to their positions in PTLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Portillo’s by 4.0% during 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 shares of Portillo’s by 100.0% during the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock valued at $38,000 after acquiring an additional 2,000 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Portillo’s by 5.0% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 43,032 shares of the company’s stock worth $405,000 after acquiring an additional 2,038 shares during the period. Lakewood Asset Management LLC boosted its position in shares of Portillo’s by 2.2% in the fourth quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company’s stock worth $984,000 after acquiring an additional 2,251 shares during the last quarter. Finally, Stoneridge Investment Partners LLC grew its holdings in Portillo’s by 23.5% in 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.

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.