Portillo’s (NASDAQ:PTLO) Stock Rating Lowered by Stifel Nicolaus

Stifel Nicolaus lowered shares of Portillo’s (NASDAQ:PTLO) from a buy rating to a hold rating in a research report report published on Wednesday, Marketbeat.com reports. Stifel Nicolaus currently has $13.00 price objective on the stock.

A number of other analysts have also commented on the company. Stephens lowered Portillo’s from an “overweight” rating to an “equal weight” rating and set a $13.00 price target on the stock. in a report on Monday, October 7th. Morgan Stanley cut their price target on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. Finally, Bank of America lowered their price objective 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 assigned a buy rating to the company. According to data from MarketBeat, Portillo’s has an average rating of “Hold” and a consensus target price of $14.00.

Portillo’s Price Performance

Shares of PTLO opened at $13.14 on Wednesday. The company has a market capitalization of $958.83 million, a price-to-earnings ratio of 34.58, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.38 and a quick ratio of 0.30. The business has a 50-day moving average of $12.74 and a 200-day moving average of $11.25.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. Portillo’s had a return on equity of 5.08% and a net margin of 3.30%. The business had revenue of $178.25 million during the quarter, compared to analysts’ expectations of $182.07 million. During the same quarter last year, the firm posted $0.07 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts anticipate that Portillo’s will post 0.27 earnings per share for the current year.

Hedge Funds Weigh In On Portillo’s

Hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its holdings in shares of Portillo’s by 10.4% during the 1st quarter. California State Teachers Retirement System now owns 54,329 shares of the company’s stock worth $770,000 after acquiring an additional 5,120 shares during the last quarter. Engaged Capital LLC raised its holdings in shares of Portillo’s by 38.7% during the 2nd quarter. Engaged Capital LLC now owns 2,760,443 shares of the company’s stock valued at $26,832,000 after buying an additional 770,443 shares in the last quarter. Swiss National Bank lifted its position in Portillo’s by 17.4% in the 1st quarter. Swiss National Bank now owns 108,400 shares of the company’s stock worth $1,537,000 after buying an additional 16,100 shares during the last quarter. Entropy Technologies LP bought a new position in Portillo’s during the first quarter valued at approximately $188,000. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of Portillo’s by 51.2% in the 3rd quarter. Rice Hall James & Associates LLC now owns 207,945 shares of the company’s stock worth $2,801,000 after acquiring an additional 70,409 shares during the last quarter. Hedge funds and other institutional investors 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.