UBS Group Issues Positive Forecast for Portillo’s (NASDAQ:PTLO) Stock Price

Portillo’s (NASDAQ:PTLO) had its target price upped by UBS Group from $13.00 to $14.00 in a report released on Wednesday, Benzinga reports. The firm currently has a neutral rating on the stock.

Other research analysts have also issued research reports about the company. Morgan Stanley dropped their target price on 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 decreased their target price on Portillo’s from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Stifel Nicolaus cut Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price for the company. in a report on Wednesday. Finally, Stephens restated an “equal weight” rating and issued a $13.00 price objective on shares of Portillo’s in a report on Wednesday. Four 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, the company has an average rating of “Hold” and an average target price of $14.00.

Portillo’s Stock Performance

Shares of PTLO opened at $13.14 on Wednesday. Portillo’s has a 52 week low of $8.66 and a 52 week high of $16.92. The company has a quick ratio of 0.30, a current ratio of 0.38 and a debt-to-equity ratio of 0.60. The stock has a market cap of $958.83 million, a price-to-earnings ratio of 34.58, a PEG ratio of 17.75 and a beta of 1.78. The business has a 50-day simple moving average of $12.74 and a two-hundred day simple moving average of $11.25.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. The firm had revenue of $178.25 million during the quarter, compared to analysts’ expectations of $182.07 million. Portillo’s had a return on equity of 5.08% and a net margin of 3.30%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.07 earnings per share. On average, analysts expect that Portillo’s will post 0.27 EPS for the current year.

Institutional Investors Weigh In On Portillo’s

Several institutional investors have recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC grew its holdings in shares of Portillo’s by 2.5% during the third quarter. Wolff Wiese Magana LLC now owns 32,207 shares of the company’s stock valued at $434,000 after buying an additional 781 shares during the last quarter. Ascent Group LLC increased its holdings in shares of Portillo’s by 8.3% in the first quarter. Ascent Group LLC now owns 13,100 shares of the company’s stock valued at $186,000 after purchasing an additional 1,000 shares during the period. NBC Securities Inc. raised its stake in shares of Portillo’s by 43.5% in the third quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock worth $44,000 after purchasing an additional 1,000 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Portillo’s by 7.4% during the second quarter. Mesirow Financial Investment Management Inc. now owns 22,592 shares of the company’s stock worth $220,000 after purchasing an additional 1,555 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Portillo’s by 17.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,963 shares of the company’s stock valued at $184,000 after buying an additional 1,917 shares during the last quarter. Institutional investors and hedge funds 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.