Portillo’s (NASDAQ:PTLO) Receives “Overweight” Rating from Stephens

Portillo’s (NASDAQ:PTLO)‘s stock had its “overweight” rating restated by research analysts at Stephens in a research note issued on Tuesday, Benzinga reports. They currently have a $20.00 price objective on the stock. Stephens’ price target would indicate a potential upside of 93.24% from the stock’s current price.

Separately, Morgan Stanley decreased their price target on Portillo’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, April 12th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.17.

Portillo’s Stock Performance

Shares of PTLO stock opened at $10.35 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.32 and a current ratio of 0.40. The stock has a market capitalization of $755.24 million, a price-to-earnings ratio of 33.39, a PEG ratio of 1.56 and a beta of 1.86. Portillo’s has a one year low of $10.26 and a one year high of $23.99. The company’s 50-day simple moving average is $12.98 and its 200-day simple moving average is $14.22.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its holdings in Portillo’s by 1,493.0% during the 4th quarter. International Assets Investment Management LLC now owns 1,593 shares of the company’s stock worth $25,000 after buying an additional 1,493 shares during the period. NBC Securities Inc. bought a new stake in shares of Portillo’s in the 3rd quarter valued at about $35,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Portillo’s in the third quarter valued at approximately $49,000. Assetmark Inc. lifted its holdings in Portillo’s by 28.6% during the 4th quarter. Assetmark Inc. now owns 3,222 shares of the company’s stock valued at $51,000 after purchasing an additional 717 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Portillo’s by 241.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,812 shares of the company’s stock worth $54,000 after buying an additional 2,694 shares during the period. 98.34% of the stock is currently owned by institutional investors and hedge funds.

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.