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 research note issued to investors on Wednesday, Benzinga reports. Stephens currently has a $13.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus cut Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price objective on the stock. in a report on Wednesday. Morgan Stanley reduced their price objective on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Finally, Bank of America reduced their price target on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Portillo’s currently has an average rating of “Hold” and an average target price of $14.00.

Portillo’s Price Performance

PTLO stock opened at $13.14 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.30 and a current ratio of 0.38. The stock’s 50 day moving average price is $12.74 and its 200 day moving average price is $11.25. The firm has a market cap of $958.83 million, a P/E ratio of 34.58, a PEG ratio of 17.75 and a beta of 1.78. Portillo’s has a 1 year low of $8.66 and a 1 year high of $16.92.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $178.25 million during the quarter, compared to analysts’ expectations of $182.07 million. Portillo’s had a return on equity of 5.08% and a net margin of 3.30%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 EPS. On average, sell-side analysts expect that Portillo’s will post 0.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Portillo’s

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its position in shares of Portillo’s by 23.9% during the third quarter. Victory Capital Management Inc. now owns 78,766 shares of the company’s stock worth $1,061,000 after buying an additional 15,175 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Portillo’s by 38.6% during the 3rd quarter. GSA Capital Partners LLP now owns 95,060 shares of the company’s stock worth $1,280,000 after acquiring an additional 26,465 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its stake in shares of Portillo’s by 23.7% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 40,994 shares of the company’s stock valued at $552,000 after purchasing an additional 7,852 shares in the last quarter. TFB Advisors LLC raised its stake in shares of Portillo’s by 14.7% in 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 in the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its stake in Portillo’s by 0.6% in the third quarter. Kornitzer Capital Management Inc. KS now owns 715,345 shares of the company’s stock worth $9,636,000 after purchasing an additional 4,425 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

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.