Portillo’s (NASDAQ:PTLO) Earns “Neutral” Rating from Robert W. Baird

Robert W. Baird reaffirmed their neutral rating on shares of Portillo’s (NASDAQ:PTLO) in a report released on Monday, MarketBeat reports. The firm currently has a $12.00 price target on the stock, down from their prior price target of $15.00.

PTLO has been the subject of a number of other reports. Stephens boosted their price objective on shares of Portillo’s from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. UBS Group lowered their price target 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. Stifel Nicolaus raised their price objective on Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Morgan Stanley lowered their target price on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Portillo’s presently has a consensus rating of “Hold” and a consensus target price of $13.86.

Portillo’s Price Performance

PTLO stock opened at $11.74 on Monday. The firm has a 50 day simple moving average of $13.31 and a two-hundred day simple moving average of $12.13. The stock has a market cap of $875.84 million, a PE ratio of 27.95, a P/E/G ratio of 14.77 and a beta of 1.82. Portillo’s has a one year low of $8.38 and a one year high of $15.78. 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 (NASDAQ:PTLO) last announced its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.15. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The company had revenue of $184.61 million during the quarter, compared to analyst estimates of $185.16 million. During the same period in the previous year, the business earned $0.13 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, analysts predict that Portillo’s will post 0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Hollencrest Capital Management grew its position in shares of Portillo’s by 100.0% in the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $38,000 after buying an additional 2,000 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in Portillo’s in the fourth quarter worth $47,000. Comerica Bank increased its position in Portillo’s by 172.6% during 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 during the period. Fund 1 Investments LLC bought a new position in Portillo’s in the 4th quarter worth $53,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Portillo’s in the 4th quarter worth about $62,000. 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.