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

Portillo’s (NASDAQ:PTLO) had its price target boosted by Stephens from $13.00 to $14.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an equal weight rating 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 raised their price objective for the stock from $13.00 to $16.00 in a research note on Monday, January 27th. UBS Group reduced their price target on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, 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, January 21st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.14.

Portillo’s Stock Performance

Shares of PTLO stock opened at $13.95 on Wednesday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 14.77 and a beta of 1.81. Portillo’s has a one year low of $8.38 and a one year high of $16.17. The company’s 50-day simple moving average is $12.05 and its 200-day simple moving average is $12.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. The company had revenue of $184.61 million for the quarter, compared to the consensus estimate of $185.16 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. Portillo’s’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS. Equities analysts anticipate that Portillo’s will post 0.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Portillo’s

Several large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Portillo’s by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,742 shares of the company’s stock valued at $289,000 after acquiring an additional 1,185 shares during the period. Hollencrest Capital Management lifted its position in Portillo’s by 100.0% in the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock valued at $38,000 after purchasing an additional 2,000 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in Portillo’s by 5.0% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 43,032 shares of the company’s stock valued at $405,000 after purchasing an additional 2,038 shares during the period. Lakewood Asset Management LLC grew its position in Portillo’s by 2.2% in the 4th quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company’s stock worth $984,000 after purchasing an additional 2,251 shares during the last quarter. Finally, Stoneridge Investment Partners LLC grew its position in Portillo’s by 23.5% in the 4th quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company’s stock worth $118,000 after purchasing an additional 2,396 shares during the last quarter. 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.