Portillo’s (NASDAQ:PTLO) Given “Equal Weight” Rating at Stephens

Portillo’s (NASDAQ:PTLO)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Stephens in a research note issued on Wednesday,Benzinga reports. They presently have a $13.00 price objective on the stock. Stephens’ target price would suggest a potential upside of 1.80% from the stock’s current price.

A number of other research firms have also recently issued reports on PTLO. Morgan Stanley lowered 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. Bank of America lowered 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. Finally, Stifel Nicolaus cut shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price objective for the company. in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.00.

Portillo’s Price Performance

Shares of NASDAQ:PTLO opened at $12.77 on Wednesday. The firm has a 50 day moving average of $12.75 and a 200-day moving average of $11.26. The stock has a market capitalization of $931.89 million, a PE ratio of 30.40, a PEG ratio of 17.75 and a beta of 1.78. The company has a current ratio of 0.38, a quick ratio of 0.30 and a debt-to-equity ratio of 0.60. Portillo’s has a 12 month low of $8.66 and a 12 month high of $16.92.

Portillo’s (NASDAQ:PTLO) last issued its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. The company had revenue of $178.25 million during the quarter, compared to analysts’ expectations of $182.07 million. Portillo’s had a net margin of 3.30% and a return on equity of 5.08%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 EPS. On average, equities research analysts predict that Portillo’s will post 0.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Portillo’s

A number of institutional investors have recently added to or reduced their stakes in PTLO. Engaged Capital LLC grew its holdings in Portillo’s by 38.7% during the 2nd quarter. Engaged Capital LLC now owns 2,760,443 shares of the company’s stock worth $26,832,000 after acquiring an additional 770,443 shares during the last quarter. Vanguard Group Inc. grew its holdings in Portillo’s by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 5,402,242 shares of the company’s stock worth $76,604,000 after acquiring an additional 700,583 shares during the last quarter. Squarepoint Ops LLC grew its holdings in Portillo’s by 307.9% during the 2nd quarter. Squarepoint Ops LLC now owns 522,580 shares of the company’s stock worth $5,079,000 after acquiring an additional 394,479 shares during the last quarter. Millennium Management LLC grew its holdings in Portillo’s by 499.4% during the 2nd quarter. Millennium Management LLC now owns 392,167 shares of the company’s stock worth $3,812,000 after acquiring an additional 326,743 shares during the last quarter. Finally, Emerald Advisers LLC grew its holdings in Portillo’s by 29.4% during the 3rd quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company’s stock worth $17,137,000 after acquiring an additional 288,675 shares during the last quarter. 98.34% of the stock is owned by 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.