Portillo’s (NASDAQ:PTLO) Given New $17.00 Price Target at Stifel Nicolaus

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

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

Portillo’s Trading Down 0.1 %

NASDAQ:PTLO opened at $13.97 on Friday. The business’s 50-day moving average is $12.25 and its two-hundred day moving average is $12.08. The firm has a market capitalization of $1.04 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 14.77 and a beta of 1.81. Portillo’s has a 12 month low of $8.38 and a 12 month high of $15.78. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31.

Portillo’s (NASDAQ:PTLO) last posted its earnings results 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 company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. Research analysts predict that Portillo’s will post 0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management raised its stake in shares of Portillo’s by 100.0% in the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock valued at $38,000 after purchasing an additional 2,000 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in Portillo’s during the fourth quarter valued at approximately $47,000. Comerica Bank lifted its holdings in Portillo’s by 172.6% during the 4th quarter. Comerica Bank now owns 5,395 shares of the company’s stock worth $51,000 after buying an additional 3,416 shares during the last quarter. Fund 1 Investments LLC bought a new position in Portillo’s during the 4th quarter worth approximately $53,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Portillo’s in the 4th quarter worth approximately $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.