Robert W. Baird Lowers Portillo’s (NASDAQ:PTLO) Price Target to $15.00

Portillo’s (NASDAQ:PTLO) had its price target decreased by Robert W. Baird from $17.00 to $15.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 41.38% from the company’s previous close.

Several other brokerages also recently commented on PTLO. Stephens reaffirmed an “overweight” rating and set a $20.00 price objective on shares of Portillo’s in a research report on Tuesday. Morgan Stanley reduced their price target on shares of Portillo’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, April 12th.

Portillo’s Price Performance

PTLO stock opened at $10.61 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.62. The firm has a market cap of $774.21 million, a price-to-earnings ratio of 34.23, a PEG ratio of 1.56 and a beta of 1.86. The company’s fifty day simple moving average is $13.08 and its 200 day simple moving average is $14.25. Portillo’s has a 12-month low of $10.33 and a 12-month high of $23.99.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Portillo’s had a return on equity of 4.79% and a net margin of 2.71%. The company had revenue of $165.83 million for the quarter, compared to the consensus estimate of $174.90 million. During the same period in the previous year, the business earned $0.05 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, analysts expect that Portillo’s will post 0.4 earnings per share for the current year.

Institutional Trading of Portillo’s

Hedge funds have recently bought and sold shares of the business. Landscape Capital Management L.L.C. lifted its stake in shares of Portillo’s by 121.4% in the third quarter. Landscape Capital Management L.L.C. now owns 135,528 shares of the company’s stock valued at $2,086,000 after buying an additional 74,314 shares in the last quarter. Teza Capital Management LLC bought a new position in Portillo’s in the 3rd quarter valued at about $175,000. Vanguard Group Inc. boosted its stake in Portillo’s by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,523,034 shares of the company’s stock valued at $69,609,000 after purchasing an additional 57,451 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in Portillo’s by 115.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 125,678 shares of the company’s stock valued at $1,934,000 after purchasing an additional 67,348 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Portillo’s by 2.4% during the 3rd quarter. Swiss National Bank now owns 102,700 shares of the company’s stock worth $1,581,000 after purchasing an additional 2,400 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

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.