Portillo's (NASDAQ:PTLO) Earns Equal Weight Rating from Stephens

Stephens reissued their equal weight rating on shares of Portillo's (NASDAQ:PTLO - Free Report) in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a $13.00 price objective on the stock.

PTLO has been the topic of several other reports. Morgan Stanley decreased their target price on shares of Portillo's from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 16th. Bank of America lowered their price target on Portillo's from $20.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, July 17th. Finally, Stifel Nicolaus lowered Portillo's from a "buy" rating to a "hold" rating and set a $13.00 target price on the stock. in a research report on Wednesday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $14.00.

Portillo's Stock Performance

NASDAQ:PTLO traded down $0.35 during mid-day trading on Wednesday, reaching $13.14. 1,436,310 shares of the stock were exchanged, compared to its average volume of 1,037,222. The stock has a market capitalization of $958.83 million, a P/E ratio of 34.58, a P/E/G ratio of 17.75 and a beta of 1.78. Portillo's has a 1 year low of $8.66 and a 1 year high of $16.92. The company has a 50 day simple moving average of $12.74 and a 200-day simple moving average of $11.25. The company has a quick ratio of 0.30, a current ratio of 0.38 and a debt-to-equity ratio of 0.60.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. The business had revenue of $178.25 million for the quarter, compared to analysts' expectations of $182.07 million. Portillo's had a net margin of 3.30% and a return on equity of 5.08%. The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 EPS. Analysts anticipate that Portillo's will post 0.27 earnings per share for the current fiscal year.

Institutional Trading of Portillo's

A number of institutional investors have recently bought and sold shares of PTLO. Victory Capital Management Inc. increased its position in Portillo's by 23.9% in the 3rd quarter. Victory Capital Management Inc. now owns 78,766 shares of the company's stock worth $1,061,000 after buying an additional 15,175 shares during the period. GSA Capital Partners LLP lifted its holdings in Portillo's by 38.6% during the 3rd quarter. GSA Capital Partners LLP now owns 95,060 shares of the company's stock valued at $1,280,000 after purchasing an additional 26,465 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Portillo's by 23.7% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 40,994 shares of the company's stock worth $552,000 after acquiring an additional 7,852 shares in the last quarter. TFB Advisors LLC increased its stake in shares of Portillo's by 14.7% in the third quarter. TFB Advisors LLC now owns 27,585 shares of the company's stock valued at $372,000 after buying an additional 3,542 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its stake in shares of Portillo's by 0.6% in the third quarter. Kornitzer Capital Management Inc. KS now owns 715,345 shares of the company's stock worth $9,636,000 after acquiring an additional 4,425 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company's stock.

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.