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

Portillo’s (NASDAQ:PTLO) had its target price increased by UBS Group from $13.00 to $14.00 in a report published on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

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

Portillo’s Stock Down 2.0 %

NASDAQ:PTLO traded down $0.25 during trading hours on Wednesday, hitting $12.52. 1,247,564 shares of the stock traded hands, compared to its average volume of 1,041,573. The firm has a market cap of $913.58 million, a price-to-earnings ratio of 29.81, a PEG ratio of 16.35 and a beta of 1.78. The firm has a 50 day moving average price of $12.76 and a 200 day moving average price of $11.26. The company has a current ratio of 0.38, a quick ratio of 0.30 and a debt-to-equity ratio of 0.58. Portillo’s has a fifty-two week low of $8.66 and a fifty-two week high of $16.92.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data 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 firm had revenue of $178.25 million for the quarter, compared to analyst estimates of $182.07 million. During the same quarter in the prior year, the business earned $0.07 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts anticipate that Portillo’s will post 0.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PTLO. Vanguard Group Inc. increased its position in Portillo’s by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 5,402,242 shares of the company’s stock worth $76,604,000 after buying an additional 700,583 shares during the period. Engaged Capital LLC grew its position in Portillo’s by 38.7% during the second quarter. Engaged Capital LLC now owns 2,760,443 shares of the company’s stock worth $26,832,000 after buying an additional 770,443 shares in the last quarter. Principal Financial Group Inc. increased its stake in Portillo’s by 10.9% during the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock valued at $24,086,000 after acquiring an additional 175,999 shares during the period. Emerald Advisers LLC raised 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 valued at $17,137,000 after acquiring an additional 288,675 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its holdings 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 worth $12,116,000 after purchasing an additional 94,817 shares in the last quarter. 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.