Portillo’s (NASDAQ:PTLO) Earns “Equal Weight” Rating from Stephens

Stephens reaffirmed their equal weight rating on shares of Portillo’s (NASDAQ:PTLO) in a research note released on Wednesday,Benzinga reports. Stephens currently has a $13.00 price objective on the stock.

Several other equities research analysts have also issued reports on PTLO. Morgan Stanley decreased their price target on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Stifel Nicolaus downgraded Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price for the company. in a research report on Wednesday. Finally, Bank of America lowered their target price on Portillo’s from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Portillo’s presently has an average rating of “Hold” and an average target price of $14.00.

Portillo’s Stock Down 2.0 %

Shares of NASDAQ:PTLO opened at $12.52 on Wednesday. Portillo’s has a 1 year low of $8.66 and a 1 year high of $16.92. The company has a market capitalization of $913.58 million, a PE ratio of 29.81, a price-to-earnings-growth ratio of 16.35 and a beta of 1.78. The business has a fifty day moving average price of $12.76 and a two-hundred day moving average price of $11.26. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.30.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The company had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts forecast that Portillo’s will post 0.28 earnings per share for the current year.

Institutional Investors Weigh In On Portillo’s

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mesirow Institutional Investment Management Inc. purchased a new position in shares of Portillo’s in the first quarter valued at $409,000. Swiss National Bank increased its position in shares of Portillo’s by 17.4% during the first quarter. Swiss National Bank now owns 108,400 shares of the company’s stock valued at $1,537,000 after buying an additional 16,100 shares during the period. Entropy Technologies LP purchased a new stake in shares of Portillo’s in the first quarter worth about $188,000. Vanguard Group Inc. boosted its position in shares of Portillo’s by 14.9% in the first quarter. Vanguard Group Inc. now owns 5,402,242 shares of the company’s stock valued at $76,604,000 after acquiring an additional 700,583 shares during the period. Finally, Brant Point Investment Management LLC bought a new position in shares of Portillo’s in the first quarter valued at approximately $342,000. 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.