Portillo’s (NASDAQ:PTLO) Price Target Raised to $14.00

Portillo’s (NASDAQ:PTLO) had its price objective upped by Stephens from $13.00 to $14.00 in a research note published on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts have also commented on PTLO. Morgan Stanley cut their price objective on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Stifel Nicolaus raised shares of Portillo’s from a “hold” rating to a “buy” rating and upped their price objective for the company from $13.00 to $16.00 in a research report on Monday, January 27th. Finally, UBS Group cut 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.29.

Portillo’s Stock Down 0.1 %

PTLO stock opened at $13.97 on Wednesday. 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 has a 1 year low of $8.38 and a 1 year high of $15.78. The company has a fifty day simple moving average of $12.25 and a 200 day simple moving average of $12.08. The firm has a market cap of $1.04 billion, a PE ratio of 33.26, a PEG ratio of 14.77 and a beta of 1.81.

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

Institutional Investors Weigh In On Portillo’s

Several hedge funds have recently bought and sold shares of PTLO. Hollencrest Capital Management increased its position in shares of Portillo’s by 100.0% during the fourth quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $38,000 after acquiring an additional 2,000 shares in the last quarter. Ridgewood Investments LLC bought a new stake in shares of Portillo’s during the fourth quarter worth $47,000. Comerica Bank increased its position in shares of 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 acquiring an additional 3,416 shares in the last quarter. Fund 1 Investments LLC bought a new stake in shares of Portillo’s during the fourth quarter worth $53,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Portillo’s during the fourth quarter worth $62,000. 98.34% of the stock is currently 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.