Portillo’s (NASDAQ:PTLO) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Portillo’s (NASDAQ:PTLO) had its target price lifted by equities researchers at Stifel Nicolaus from $16.00 to $17.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 21.60% from the company’s current price.

Other research analysts have also recently issued reports about the company. Morgan Stanley dropped their target price on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. 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 report on Tuesday, January 7th. Finally, Stephens upped their target price on shares of Portillo’s from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.29.

Portillo’s Stock Up 0.2 %

Shares of Portillo’s stock opened at $13.98 on Friday. Portillo’s has a twelve month low of $8.38 and a twelve month high of $15.92. 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 company’s 50 day moving average is $12.25 and its 200 day moving average is $12.08. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 33.29, a price-to-earnings-growth ratio of 14.77 and a beta of 1.81.

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

Institutional Investors Weigh In On Portillo’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC boosted its position in shares of Portillo’s by 51.2% in the third quarter. Rice Hall James & Associates LLC now owns 207,945 shares of the company’s stock worth $2,801,000 after purchasing an additional 70,409 shares during the period. Emerald Mutual Fund Advisers Trust lifted its stake in shares of Portillo’s by 11.8% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 899,461 shares of the company’s stock valued at $12,116,000 after buying an additional 94,817 shares in the last quarter. Emerald Advisers LLC boosted its holdings in Portillo’s by 29.4% in the 3rd quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company’s stock worth $17,137,000 after buying an additional 288,675 shares during the period. Principal Financial Group Inc. increased its stake 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 worth $24,086,000 after buying an additional 175,999 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its holdings in Portillo’s by 0.6% during the third quarter. Kornitzer Capital Management Inc. KS now owns 715,345 shares of the company’s stock valued at $9,636,000 after acquiring an additional 4,425 shares during the period. 98.34% of the stock is owned by hedge funds and other institutional investors.

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.