UBS Group Cuts Portillo’s (NASDAQ:PTLO) Price Target to $13.00

Portillo’s (NASDAQ:PTLO) had its price target cut by UBS Group from $18.00 to $13.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 29.35% from the stock’s previous close.

A number of other analysts have also recently issued reports on PTLO. Robert W. Baird lowered their target price on Portillo’s from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday. Morgan Stanley lowered their price objective on shares of Portillo’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th. Finally, Stephens reaffirmed an “overweight” rating and issued a $20.00 price objective on shares of Portillo’s in a research report on Tuesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.17.

Portillo’s Trading Down 2.9 %

Shares of NASDAQ PTLO opened at $10.05 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.62. Portillo’s has a twelve month low of $10.02 and a twelve month high of $23.99. The company’s fifty day moving average is $12.89 and its 200-day moving average is $14.20. The stock has a market cap of $733.35 million, a price-to-earnings ratio of 32.42, a P/E/G ratio of 1.56 and a beta of 1.86.

Portillo’s (NASDAQ:PTLO) last posted its earnings results on Tuesday, May 7th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Portillo’s had a return on equity of 4.79% and a net margin of 2.71%. The firm had revenue of $165.83 million during the quarter, compared to analysts’ expectations of $174.90 million. During the same period in the previous year, the firm earned $0.05 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. Equities research analysts predict that Portillo’s will post 0.4 EPS for the current year.

Institutional Trading of Portillo’s

A number of institutional investors have recently made changes to their positions in PTLO. Entropy Technologies LP bought a new position in Portillo’s in the first quarter valued at $188,000. Swiss National Bank increased its position in shares of Portillo’s by 17.4% in the first quarter. Swiss National Bank now owns 108,400 shares of the company’s stock valued at $1,537,000 after acquiring an additional 16,100 shares during the last quarter. Mesirow Institutional Investment Management Inc. bought a new stake in Portillo’s during the first quarter worth about $409,000. Wakefield Asset Management LLLP bought a new stake in Portillo’s during the first quarter worth about $942,000. Finally, Principal Financial Group Inc. boosted its position in Portillo’s by 22.3% during the first quarter. Principal Financial Group Inc. now owns 1,572,648 shares of the company’s stock valued at $22,300,000 after purchasing an additional 286,618 shares during 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.