Portillo’s’ (PTLO) “Equal Weight” Rating Reaffirmed at Stephens

Portillo’s (NASDAQ:PTLO)‘s stock had its “equal weight” rating reaffirmed by analysts at Stephens in a research report issued on Wednesday,Benzinga reports. They currently have a $13.00 price objective on the stock. Stephens’ target price would indicate a potential upside of 24.16% from the company’s current price.

PTLO has been the topic of a number of other reports. Robert W. Baird reissued a “neutral” rating and set a $12.00 price objective (down from $15.00) on shares of Portillo’s in a report on Monday, April 7th. Stifel Nicolaus lifted their price target on shares of Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. UBS Group lowered their price objective on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Morgan Stanley set a $12.00 target price on shares of Portillo’s in a report on Monday, April 14th. Finally, Baird R W downgraded shares of Portillo’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.57.

Portillo’s Price Performance

NASDAQ:PTLO opened at $10.47 on Wednesday. Portillo’s has a 52-week low of $8.38 and a 52-week high of $15.78. The stock has a fifty day moving average of $11.94 and a 200 day moving average of $11.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The firm has a market capitalization of $781.09 million, a price-to-earnings ratio of 24.93, a P/E/G ratio of 14.77 and a beta of 1.83.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 earnings per share. On average, research analysts expect that Portillo’s will post 0.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Portillo’s

Several institutional investors have recently added to or reduced their stakes in PTLO. Vanguard Group Inc. boosted its holdings in shares of Portillo’s by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 5,571,434 shares of the company’s stock worth $52,371,000 after purchasing an additional 97,801 shares during the period. Zuckerman Investment Group LLC raised its position in Portillo’s by 6.9% during the 4th quarter. Zuckerman Investment Group LLC now owns 1,944,983 shares of the company’s stock valued at $18,283,000 after purchasing an additional 125,073 shares during the last quarter. Principal Financial Group Inc. raised its position in Portillo’s by 10.9% during the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock valued at $24,086,000 after purchasing an additional 175,999 shares during the last quarter. Marshall Wace LLP lifted its holdings in Portillo’s by 8.2% in the 4th quarter. Marshall Wace LLP now owns 1,751,856 shares of the company’s stock worth $16,467,000 after buying an additional 132,112 shares during the period. Finally, Hodges Capital Management Inc. grew its position in shares of Portillo’s by 80.5% in the 4th quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company’s stock worth $15,537,000 after buying an additional 737,049 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.