Portillo’s (NASDAQ:PTLO) Upgraded at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Portillo’s (NASDAQ:PTLO) from a hold rating to a buy rating in a report released on Monday morning, Marketbeat.com reports. They currently have $16.00 target price on the stock, up from their previous target price of $13.00.

A number of other research firms have also weighed in on PTLO. Morgan Stanley cut their target price on shares of 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. UBS Group decreased their price objective on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Stephens reissued an “equal weight” rating and issued a $13.00 target price on shares of Portillo’s in a report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Portillo’s Stock Performance

Shares of PTLO stock opened at $13.97 on Monday. Portillo’s has a 52 week low of $8.38 and a 52 week high of $16.17. The firm has a 50 day moving average of $10.50 and a two-hundred day moving average of $11.40. 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 market capitalization of $1.04 billion, a PE ratio of 33.26, a P/E/G ratio of 12.23 and a beta of 1.72.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. Portillo’s’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. On average, research analysts predict that Portillo’s will post 0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Portillo’s

Several large investors have recently bought and sold shares of the stock. Point72 DIFC Ltd acquired a new stake in shares of Portillo’s in the 2nd quarter valued at about $29,000. Squarepoint Ops LLC boosted its holdings in shares of Portillo’s by 307.9% in the second quarter. Squarepoint Ops LLC now owns 522,580 shares of the company’s stock valued at $5,079,000 after acquiring an additional 394,479 shares during the period. Millennium Management LLC grew its position in shares of Portillo’s by 499.4% during the second quarter. Millennium Management LLC now owns 392,167 shares of the company’s stock worth $3,812,000 after acquiring an additional 326,743 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Portillo’s by 21.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,902 shares of the company’s stock valued at $203,000 after acquiring an additional 3,661 shares during the period. Finally, NBC Securities Inc. raised its position in Portillo’s by 43.5% in the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock valued at $44,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds 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.