Portillo’s’ (PTLO) Overweight Rating Reiterated at Stephens

Portillo’s (NASDAQ:PTLO)‘s stock had its “overweight” rating restated by investment analysts at Stephens in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $13.00 price objective on the stock. Stephens’ price objective would indicate a potential upside of 34.58% from the stock’s current price.

A number of other research analysts have also recently issued reports on the stock. Piper Sandler decreased their price objective on shares of Portillo’s from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Morgan Stanley decreased 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 report on Tuesday, July 16th. Robert W. Baird cut their price target on shares of Portillo’s from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Stifel Nicolaus cut their price target on shares of Portillo’s from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Finally, Bank of America cut their price target on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.25.

Portillo’s Trading Up 8.8 %

Shares of NASDAQ:PTLO traded up $0.78 during trading on Tuesday, hitting $9.66. 1,022,818 shares of the company’s stock were exchanged, compared to its average volume of 1,054,539. Portillo’s has a 1-year low of $8.66 and a 1-year high of $19.89. The firm has a 50-day moving average price of $9.81 and a two-hundred day moving average price of $11.80. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.62. The firm has a market cap of $704.94 million, a P/E ratio of 24.20, a PEG ratio of 5.52 and a beta of 1.73.

Portillo’s (NASDAQ:PTLO) last issued 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. The firm had revenue of $165.83 million during the quarter, compared to analysts’ expectations of $174.90 million. Portillo’s had a net margin of 3.41% and a return on equity of 5.23%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 earnings per share. Equities analysts predict that Portillo’s will post 0.32 earnings per share for the current year.

Institutional Trading of Portillo’s

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Portillo’s by 14.9% during the first quarter. Vanguard Group Inc. now owns 5,402,242 shares of the company’s stock worth $76,604,000 after buying an additional 700,583 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Portillo’s by 2.5% during the second quarter. Principal Financial Group Inc. now owns 1,612,114 shares of the company’s stock worth $15,670,000 after buying an additional 39,466 shares during the last quarter. Granahan Investment Management LLC increased its holdings in Portillo’s by 33.8% during the fourth quarter. Granahan Investment Management LLC now owns 1,324,465 shares of the company’s stock worth $21,099,000 after buying an additional 334,731 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in shares of Portillo’s by 2.2% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 627,555 shares of the company’s stock valued at $9,997,000 after purchasing an additional 13,325 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC increased its holdings in shares of Portillo’s by 3.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 576,865 shares of the company’s stock valued at $8,180,000 after purchasing an additional 18,451 shares during the last quarter. Institutional investors 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.