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

Portillo’s (NASDAQ:PTLO) had its price target raised by Stephens from $13.00 to $14.00 in a report published on Wednesday morning,Benzinga reports. Stephens currently has an equal weight rating on the stock.

Several other research firms have also issued reports on PTLO. Stifel Nicolaus raised shares of Portillo’s from a “hold” rating to a “buy” rating and lifted their price objective for the company from $13.00 to $16.00 in a research note on Monday, January 27th. Morgan Stanley cut their price target on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, UBS Group dropped their target price on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.14.

Portillo’s Stock Performance

PTLO stock opened at $13.95 on Wednesday. The company has a 50-day simple moving average of $12.05 and a 200 day simple moving average of $12.05. The company has a market capitalization of $1.04 billion, a P/E ratio of 33.21, a PEG ratio of 14.77 and a beta of 1.81. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. Portillo’s has a fifty-two week low of $8.38 and a fifty-two week high of $16.17.

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. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The business had revenue of $184.61 million for the quarter, compared to the consensus estimate of $185.16 million. During the same period in the previous year, the firm earned $0.13 EPS. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. Sell-side analysts predict that Portillo’s will post 0.35 earnings per share for the current fiscal year.

Institutional Trading of Portillo’s

Hedge funds have recently modified their holdings of the company. Hollencrest Capital Management boosted its holdings in shares of Portillo’s by 100.0% in the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $38,000 after acquiring an additional 2,000 shares in the last quarter. Ridgewood Investments LLC bought a new position in Portillo’s in the 4th quarter valued at $47,000. Comerica Bank raised its position in Portillo’s by 172.6% in the 4th quarter. Comerica Bank now owns 5,395 shares of the company’s stock valued at $51,000 after purchasing an additional 3,416 shares during the last quarter. Fund 1 Investments LLC acquired a new position in Portillo’s in the fourth quarter worth $53,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Portillo’s during the fourth quarter worth $62,000. 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.