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

Portillo’s (NASDAQ:PTLO) had its price objective raised by Stephens from $13.00 to $14.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Stephens’ target price indicates a potential downside of 6.04% from the company’s previous close.

Several other analysts have also issued reports on the stock. UBS Group reduced their target price on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley reduced their price objective on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus raised shares of Portillo’s from a “hold” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $16.00 in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.14.

Portillo’s Trading Up 9.8 %

NASDAQ:PTLO opened at $14.90 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. Portillo’s has a one year low of $8.38 and a one year high of $16.17. The company has a market cap of $1.11 billion, a PE ratio of 35.48, a PEG ratio of 14.77 and a beta of 1.81. The firm has a 50-day moving average of $12.05 and a 200-day moving average of $12.05.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. The firm had revenue of $184.61 million during the quarter, compared to analyst estimates 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 for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. As a group, equities research analysts expect that Portillo’s will post 0.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Portillo’s

Several institutional investors have recently bought and sold shares of PTLO. Engaged Capital LLC increased its position in Portillo’s by 121.5% in the third quarter. Engaged Capital LLC now owns 6,114,956 shares of the company’s stock worth $82,368,000 after buying an additional 3,354,513 shares during the last quarter. Hodges Capital Management Inc. purchased a new stake in Portillo’s in the 3rd quarter worth about $12,337,000. Dimensional Fund Advisors LP increased its holdings in Portillo’s by 139.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,102,103 shares of the company’s stock worth $10,360,000 after acquiring an additional 641,273 shares during the last quarter. Bamco Inc. NY bought a new stake in Portillo’s in the 4th quarter valued at about $4,105,000. Finally, Emerald Advisers LLC lifted its holdings in Portillo’s by 29.4% during the third quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company’s stock valued at $17,137,000 after purchasing an additional 288,675 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.