Portillo’s (NASDAQ:PTLO) Given Equal Weight Rating at Stephens

Stephens reiterated their equal weight rating on shares of Portillo’s (NASDAQ:PTLO) in a report published on Wednesday,Benzinga reports. The firm currently has a $13.00 price objective on the stock.

A number of other equities research analysts have also recently commented on the stock. UBS Group reduced their price target on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Morgan Stanley set a $12.00 target price on Portillo’s in a research note on Monday, April 14th. Stifel Nicolaus upped their price target on Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Robert W. Baird reissued a “neutral” rating and issued a $12.00 price objective (down previously from $15.00) on shares of Portillo’s in a research note on Monday, April 7th. Finally, Baird R W downgraded Portillo’s from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.71.

Portillo’s Price Performance

Shares of NASDAQ:PTLO opened at $11.24 on Wednesday. The firm has a 50 day moving average of $11.78 and a 200-day moving average of $11.88. The stock has a market capitalization of $838.54 million, a PE ratio of 26.76, a PEG ratio of 14.77 and a beta of 1.83. Portillo’s has a 12 month low of $8.38 and a 12 month high of $15.78. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $176.44 million during the quarter, compared to analysts’ expectations of $180.76 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. Portillo’s’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 EPS. On average, equities research analysts predict that Portillo’s will post 0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. CWM LLC raised its position in Portillo’s by 58.3% in the 1st quarter. CWM LLC now owns 3,194 shares of the company’s stock valued at $38,000 after buying an additional 1,176 shares during the last quarter. North Star Investment Management Corp. grew its stake in shares of Portillo’s by 137.6% in the 1st quarter. North Star Investment Management Corp. now owns 3,517 shares of the company’s stock worth $42,000 after acquiring an additional 2,037 shares in the last quarter. Hollencrest Capital Management raised its holdings in shares of Portillo’s by 100.0% in the fourth quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock valued at $38,000 after purchasing an additional 2,000 shares during the last quarter. Ridgewood Investments LLC bought a new position in shares of Portillo’s during the fourth quarter valued at about $47,000. Finally, Comerica Bank boosted its holdings in Portillo’s by 172.6% during the fourth quarter. Comerica Bank now owns 5,395 shares of the company’s stock worth $51,000 after purchasing an additional 3,416 shares during the last quarter. 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.