Portillo’s (NASDAQ:PTLO) Given “Neutral” Rating at Robert W. Baird

Portillo’s (NASDAQ:PTLO)‘s stock had its “neutral” rating reiterated by investment analysts at Robert W. Baird in a report issued on Monday,Benzinga reports. They presently have a $12.00 price objective on the stock, down from their prior price objective of $15.00. Robert W. Baird’s price objective would suggest a potential upside of 6.38% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. UBS Group dropped their target price on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley dropped their price objective 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. Stephens lifted their target price on Portillo’s from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus upped their target price on Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a report on Friday, February 28th. Four 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 stock has a consensus rating of “Hold” and an average price target of $13.86.

Portillo’s Stock Down 0.5 %

Shares of Portillo’s stock opened at $11.28 on Monday. 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 business has a 50-day moving average price of $13.59 and a 200 day moving average price of $12.19. Portillo’s has a fifty-two week low of $8.38 and a fifty-two week high of $15.78. The firm has a market cap of $841.52 million, a P/E ratio of 26.86, a P/E/G ratio of 14.77 and a beta of 1.82.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Portillo’s by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 5,571,434 shares of the company’s stock valued at $52,371,000 after purchasing an additional 97,801 shares during the period. Zuckerman Investment Group LLC grew its holdings in Portillo’s by 6.9% in the 4th quarter. Zuckerman Investment Group LLC now owns 1,944,983 shares of the company’s stock worth $18,283,000 after buying an additional 125,073 shares in the last quarter. Principal Financial Group Inc. increased its position in Portillo’s by 10.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock valued at $24,086,000 after acquiring an additional 175,999 shares during the period. Marshall Wace LLP raised its stake in Portillo’s by 8.2% during the 4th quarter. Marshall Wace LLP now owns 1,751,856 shares of the company’s stock valued at $16,467,000 after acquiring an additional 132,112 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its position in Portillo’s by 80.5% during the 4th quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company’s stock worth $15,537,000 after acquiring an additional 737,049 shares during the period. 98.34% of the stock is owned by institutional investors and hedge funds.

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.