Portillo’s (NASDAQ:PTLO) Now Covered by Wolfe Research

Wolfe Research began coverage on shares of Portillo’s (NASDAQ:PTLO) in a report issued on Monday morning, Marketbeat.com reports. The brokerage issued a peer perform rating on the stock.

PTLO has been the topic of a number of other reports. UBS Group lowered their price objective on shares of Portillo’s from $6.00 to $5.50 and set a “neutral” rating on the stock in a report on Tuesday, January 6th. Stifel Nicolaus restated a “hold” rating and set a $6.00 target price (down from $8.00) on shares of Portillo’s in a report on Wednesday, January 7th. Piper Sandler lifted their price target on shares of Portillo’s from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Morgan Stanley set a $7.00 price target on shares of Portillo’s in a research note on Tuesday, January 20th. Finally, DA Davidson began coverage on shares of Portillo’s in a research note on Friday. They set a “neutral” rating and a $5.50 price objective for the company. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.50.

Portillo’s Stock Down 1.4%

NASDAQ:PTLO opened at $5.01 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.22 and a current ratio of 0.27. The company has a market cap of $378.31 million, a PE ratio of 18.56, a PEG ratio of 1.90 and a beta of 1.75. Portillo’s has a 52-week low of $4.41 and a 52-week high of $14.40. The stock has a 50-day simple moving average of $5.41 and a 200 day simple moving average of $5.56.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, February 24th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. Portillo’s had a return on equity of 3.93% and a net margin of 2.64%.The firm had revenue of $185.75 million for the quarter, compared to analysts’ expectations of $185.50 million. During the same quarter in the previous year, the business posted $0.17 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, sell-side analysts expect that Portillo’s will post 0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PTLO. Royal Bank of Canada increased its holdings in shares of Portillo’s by 731.1% during the 1st quarter. Royal Bank of Canada now owns 156,710 shares of the company’s stock worth $1,864,000 after acquiring an additional 137,854 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Portillo’s during the 1st quarter valued at $318,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Portillo’s by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,550 shares of the company’s stock worth $387,000 after purchasing an additional 1,808 shares during the period. Teacher Retirement System of Texas bought a new position in Portillo’s during the second quarter worth $118,000. Finally, Allworth Financial LP acquired a new position in shares of Portillo’s in the second quarter valued at $32,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Portillo’s Company Profile

Portillo’s, Inc operates a fast‐casual restaurant chain best known for its Chicago‐style menu, featuring Italian beef sandwiches, Chicago‐style hot dogs, char‐grilled burgers, salads, crinkle‐cut fries and hand‐spun milkshakes. In addition to its signature sandwiches and dogs, the company offers a selection of desserts—including its famous chocolate cake and frozen custard—as well as catering services designed to bring its Midwestern flavors to corporate and social events.

The company was founded in 1963 by Dick Portillo, who opened the first Portillo’s in Villa Park, Illinois.