Portillo’s (NASDAQ:PTLO) Price Target Raised to $17.00

Portillo’s (NASDAQ:PTLO) had its price objective lifted by Stifel Nicolaus from $16.00 to $17.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently weighed in on PTLO. Stephens increased their price objective on shares of Portillo’s from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday. UBS Group decreased their target price on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Morgan Stanley cut their price target on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.29.

Portillo’s Stock Performance

Shares of PTLO stock opened at $13.97 on Friday. The company has a market cap of $1.04 billion, a P/E ratio of 33.26, a PEG ratio of 14.77 and a beta of 1.81. The business has a 50 day moving average of $12.25 and a two-hundred day moving average of $12.08. Portillo’s has a 52 week low of $8.38 and a 52 week high of $15.78. 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 (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. The business had revenue of $184.61 million during the quarter, compared to analyst estimates of $185.16 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. As a group, analysts anticipate that Portillo’s will post 0.35 EPS for the current year.

Institutional Trading of Portillo’s

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management boosted its holdings in shares of Portillo’s by 100.0% in the fourth quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock valued at $38,000 after acquiring an additional 2,000 shares in the last quarter. Ridgewood Investments LLC bought a new stake in Portillo’s during the fourth quarter worth approximately $47,000. Comerica Bank lifted its position in Portillo’s by 172.6% in the fourth quarter. Comerica Bank now owns 5,395 shares of the company’s stock worth $51,000 after purchasing an additional 3,416 shares during the period. Fund 1 Investments LLC bought a new position in Portillo’s during the 4th quarter valued at $53,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Portillo’s during the 4th quarter valued at $62,000. 98.34% of the stock is currently owned by institutional investors.

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.