Portillo’s (NASDAQ:PTLO) Stock Rating Lowered by Stifel Nicolaus

Stifel Nicolaus downgraded shares of Portillo’s (NASDAQ:PTLO) from a buy rating to a hold rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has $13.00 price target on the stock.

Other equities research analysts also recently issued reports about the stock. Bank of America reduced their price objective on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Stephens downgraded shares of Portillo’s from an “overweight” rating to an “equal weight” rating and set a $13.00 price objective for the company. in a research report on Monday, October 7th. Finally, 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, July 16th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Portillo’s Trading Down 2.0 %

PTLO opened at $12.52 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.30. Portillo’s has a fifty-two week low of $8.66 and a fifty-two week high of $16.92. The firm has a market capitalization of $913.58 million, a PE ratio of 29.81, a P/E/G ratio of 16.35 and a beta of 1.78. The company’s 50-day moving average is $12.76 and its 200 day moving average is $11.26.

Portillo’s (NASDAQ:PTLO) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The company 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 posted $0.07 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, research analysts predict that Portillo’s will post 0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PTLO. Point72 DIFC Ltd bought a new position in shares of Portillo’s during the 2nd quarter valued at approximately $29,000. NBC Securities Inc. grew its position in shares of Portillo’s by 43.5% during the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock valued at $44,000 after acquiring an additional 1,000 shares during the period. AdvisorShares Investments LLC bought a new position in shares of Portillo’s during the 2nd quarter valued at approximately $52,000. nVerses Capital LLC bought a new position in Portillo’s in the 3rd quarter worth approximately $69,000. Finally, Fifth Third Bancorp boosted its holdings in Portillo’s by 283.0% in the 2nd quarter. Fifth Third Bancorp now owns 13,100 shares of the company’s stock worth $127,000 after buying an additional 9,680 shares during the period. 98.34% of the stock is owned by institutional investors.

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.