UBS Group Cuts Portillo’s (NASDAQ:PTLO) Price Target to $12.00

Portillo’s (NASDAQ:PTLO) had its target price reduced by UBS Group from $15.00 to $12.00 in a research report report published on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. Piper Sandler decreased their price target on shares of Portillo’s from $17.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday. Stifel Nicolaus boosted their target price on Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Stephens reaffirmed an “equal weight” rating and set a $13.00 price target on shares of Portillo’s in a research report on Wednesday. Baird R W lowered Portillo’s from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Finally, Morgan Stanley set a $12.00 price objective on shares of Portillo’s in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Portillo’s currently has an average rating of “Hold” and an average price target of $13.71.

Portillo’s Stock Performance

Shares of Portillo’s stock opened at $11.24 on Wednesday. The business’s fifty day simple moving average is $11.78 and its 200 day simple moving average is $11.88. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. Portillo’s has a 12 month low of $8.38 and a 12 month high of $15.78. The firm has a market capitalization of $838.54 million, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 14.77 and a beta of 1.83.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $176.44 million for the quarter, compared to analysts’ expectations of $180.76 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 EPS. As a group, analysts anticipate that Portillo’s will post 0.35 EPS for the current year.

Institutional Trading of Portillo’s

Institutional investors and hedge funds have recently bought and sold shares of the company. Atria Wealth Solutions Inc. bought a new position in shares of Portillo’s in the first quarter worth $235,000. Blair William & Co. IL grew its position in Portillo’s by 32.2% during the first quarter. Blair William & Co. IL now owns 1,613,012 shares of the company’s stock worth $19,179,000 after buying an additional 392,964 shares in the last quarter. US Bancorp DE bought a new position in Portillo’s in the 1st quarter worth about $95,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Portillo’s by 28.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,814 shares of the company’s stock valued at $212,000 after acquiring an additional 3,941 shares in the last quarter. Finally, 4WEALTH Advisors Inc. raised its holdings in shares of Portillo’s by 46.4% in the 1st quarter. 4WEALTH Advisors Inc. now owns 43,542 shares of the company’s stock valued at $518,000 after acquiring an additional 13,792 shares in the last quarter. 98.34% of the stock is currently 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.