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

Stephens reaffirmed their equal weight rating on shares of Portillo’s (NASDAQ:PTLO) in a report published on Tuesday,Benzinga reports. They currently have a $13.00 price target on the stock.

Several other brokerages have also recently issued reports on PTLO. Stifel Nicolaus upgraded Portillo’s from a “hold” rating to a “buy” rating and boosted their price target for the company from $13.00 to $16.00 in a research report on Monday, January 27th. 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 report on Tuesday, January 21st. Finally, UBS Group cut their price target on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Portillo’s has an average rating of “Moderate Buy” and an average target price of $14.14.

Portillo’s Stock Performance

Shares of PTLO opened at $13.98 on Tuesday. The company’s 50 day simple moving average is $12.15 and its 200-day simple moving average is $12.06. The firm has a market cap of $1.04 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 14.77 and a beta of 1.81. Portillo’s has a 12-month low of $8.38 and a 12-month high of $15.92. 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 (NASDAQ:PTLO) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share 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 analysts’ expectations of $185.16 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. Portillo’s’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 EPS. As a group, equities analysts predict that Portillo’s will post 0.35 EPS for the current year.

Institutional Trading of Portillo’s

Hedge funds have recently modified their holdings of the business. Hollencrest Capital Management grew its holdings in Portillo’s by 100.0% during the fourth quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $38,000 after acquiring an additional 2,000 shares during the period. Ridgewood Investments LLC acquired a new position in shares of Portillo’s during the 4th quarter worth $47,000. Comerica Bank increased its holdings in shares of Portillo’s by 172.6% in the 4th quarter. Comerica Bank now owns 5,395 shares of the company’s stock valued at $51,000 after purchasing an additional 3,416 shares in the last quarter. Fund 1 Investments LLC acquired a new stake in shares of Portillo’s in the fourth quarter valued at about $53,000. Finally, BNP Paribas Financial Markets purchased a new stake in Portillo’s during the fourth quarter worth about $62,000. 98.34% of the stock is owned by institutional investors and hedge funds.

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.