Stephens Reiterates “Equal Weight” Rating for Portillo’s (NASDAQ:PTLO)

Portillo’s (NASDAQ:PTLO)‘s stock had its “equal weight” rating reissued by research analysts at Stephens in a report issued on Tuesday,Benzinga reports. They presently have a $13.00 target price on the stock. Stephens’ price target would suggest a potential downside of 6.81% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. 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. Stifel Nicolaus raised shares of Portillo’s from a “hold” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $16.00 in a research note on Monday, January 27th. Finally, UBS Group dropped their price objective on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.14.

Portillo’s Stock Down 6.4 %

PTLO stock opened at $13.95 on Tuesday. The company has a fifty day moving average price of $12.05 and a 200 day moving average price of $12.05. Portillo’s has a 12 month low of $8.38 and a 12 month high of $16.17. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 14.77 and a beta of 1.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31.

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

Hedge Funds Weigh In On Portillo’s

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Portillo’s by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,742 shares of the company’s stock worth $289,000 after purchasing an additional 1,185 shares during the period. Hollencrest Capital Management grew its stake in Portillo’s by 100.0% in the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock valued at $38,000 after acquiring an additional 2,000 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its stake in Portillo’s by 5.0% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 43,032 shares of the company’s stock valued at $405,000 after acquiring an additional 2,038 shares during the last quarter. Lakewood Asset Management LLC grew its stake in Portillo’s by 2.2% in the 4th quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company’s stock valued at $984,000 after acquiring an additional 2,251 shares during the last quarter. Finally, Stoneridge Investment Partners LLC grew its stake in Portillo’s by 23.5% in the 4th quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company’s stock valued at $118,000 after acquiring an additional 2,396 shares during the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

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.