Portillo’s (NASDAQ:PTLO) PT Lowered to $13.00

Portillo’s (NASDAQ:PTLO) had its target price reduced by equities researchers at UBS Group from $18.00 to $13.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 29.35% from the company’s current price.

A number of other research analysts have also weighed in on PTLO. Robert W. Baird cut their target price on shares of Portillo’s from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday. Stephens restated an “overweight” rating and set a $20.00 target price on shares of Portillo’s in a research report on Tuesday. Finally, Morgan Stanley decreased their price objective on Portillo’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, April 12th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Portillo’s currently has an average rating of “Moderate Buy” and a consensus price target of $18.17.

Portillo’s Trading Down 2.9 %

Shares of PTLO stock opened at $10.05 on Wednesday. The stock has a fifty day simple moving average of $12.89 and a two-hundred day simple moving average of $14.20. Portillo’s has a 52-week low of $10.02 and a 52-week high of $23.99. The firm has a market capitalization of $733.35 million, a PE ratio of 32.42, a PEG ratio of 1.56 and a beta of 1.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.32 and a current ratio of 0.40.

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

Hedge Funds Weigh In On Portillo’s

Several hedge funds have recently bought and sold shares of PTLO. International Assets Investment Management LLC lifted 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 valued at $25,000 after buying an additional 1,493 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Portillo’s in the third quarter valued at approximately $35,000. DekaBank Deutsche Girozentrale bought a new position in Portillo’s in the third quarter worth approximately $49,000. Assetmark Inc. lifted its holdings in shares of Portillo’s by 28.6% in the 4th quarter. Assetmark Inc. now owns 3,222 shares of the company’s stock worth $51,000 after buying an additional 717 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its position 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 in the last quarter. 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.