Portillo’s (NASDAQ:PTLO) Given “Equal Weight” Rating at Stephens

Portillo’s (NASDAQ:PTLO)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Stephens in a report issued on Wednesday, Benzinga reports. They currently have a $13.00 price target on the stock. Stephens’ price objective would indicate a potential downside of 3.63% from the stock’s previous close.

Several other research firms have also issued reports on PTLO. Stifel Nicolaus lowered shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price objective for the company. in a research note on Wednesday. Bank of America reduced their price objective on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, Morgan Stanley lowered their target price on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.86.

Portillo’s Trading Down 1.2 %

NASDAQ PTLO opened at $13.49 on Wednesday. The company has a market capitalization of $984.37 million, a PE ratio of 35.50, a price-to-earnings-growth ratio of 18.05 and a beta of 1.78. Portillo’s has a 1-year low of $8.66 and a 1-year high of $16.92. The company has a current ratio of 0.38, a quick ratio of 0.30 and a debt-to-equity ratio of 0.60. The firm’s fifty day simple moving average is $12.72 and its 200-day simple moving average is $11.24.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm had revenue of $181.86 million for the quarter, compared to analysts’ expectations of $184.44 million. Portillo’s had a return on equity of 5.08% and a net margin of 3.30%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the business earned $0.12 earnings per share. As a group, sell-side analysts anticipate that Portillo’s will post 0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new stake in shares of Portillo’s in the 2nd quarter worth approximately $29,000. NBC Securities Inc. lifted its holdings in shares of Portillo’s by 43.5% during the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock worth $44,000 after acquiring an additional 1,000 shares during the period. nVerses Capital LLC acquired a new stake in shares of Portillo’s during the 3rd quarter valued at about $69,000. AdvisorShares Investments LLC bought a new stake in Portillo’s in the second quarter valued at about $52,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Portillo’s by 17.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,963 shares of the company’s stock worth $184,000 after purchasing an additional 1,917 shares during the period. Institutional investors 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.