Portillo's (NASDAQ:PTLO) Given New $13.00 Price Target at Morgan Stanley

Portillo's (NASDAQ:PTLO - Get Free Report) had its target price lowered by research analysts at Morgan Stanley from $15.00 to $13.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's price target would indicate a potential upside of 9.75% from the company's current price.

PTLO has been the topic of a number of other research reports. UBS Group decreased 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. Stifel Nicolaus lowered Portillo's from a "buy" rating to a "hold" rating and set a $13.00 target price for the company. in a research note on Wednesday, November 6th. Finally, Stephens reaffirmed an "equal weight" rating and set a $13.00 price objective on shares of Portillo's in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $13.57.

Portillo's Price Performance

NASDAQ PTLO traded up $0.11 during trading hours on Tuesday, hitting $11.85. The company had a trading volume of 728,664 shares, compared to its average volume of 1,917,213. The firm has a 50 day simple moving average of $10.29 and a 200 day simple moving average of $11.24. Portillo's has a 52 week low of $8.38 and a 52 week high of $16.17. The firm has a market capitalization of $879.14 million, a price-to-earnings ratio of 28.22, a PEG ratio of 12.32 and a beta of 1.72. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. The company had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share. Equities research analysts expect that Portillo's will post 0.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTLO. Engaged Capital LLC raised its position in Portillo's by 121.5% in the third quarter. Engaged Capital LLC now owns 6,114,956 shares of the company's stock worth $82,368,000 after acquiring an additional 3,354,513 shares during the period. Principal Financial Group Inc. lifted its position in Portillo's by 10.9% during the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company's stock valued at $24,086,000 after purchasing an additional 175,999 shares in the last quarter. Franklin Resources Inc. boosted its stake in Portillo's by 2.6% in the 3rd quarter. Franklin Resources Inc. now owns 1,291,846 shares of the company's stock worth $15,838,000 after purchasing an additional 32,810 shares during the period. Emerald Advisers LLC grew its holdings in Portillo's by 29.4% during the 3rd quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company's stock valued at $17,137,000 after buying an additional 288,675 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Portillo's by 4.0% during the third quarter. Geode Capital Management LLC now owns 1,270,142 shares of the company's stock valued at $17,113,000 after buying an additional 49,181 shares during the last quarter. Institutional investors 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.