Portillo's (NASDAQ:PTLO) Stock Rating Upgraded by Stifel Nicolaus

Portillo's (NASDAQ:PTLO - Get Free Report) was upgraded by analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage currently has a $16.00 price objective on the stock, up from their previous price objective of $13.00. Stifel Nicolaus' price objective suggests a potential upside of 14.61% from the company's previous close.

Several other research analysts have also recently commented on the stock. UBS Group lowered their price target on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Morgan Stanley lowered their price objective on 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. Finally, Stephens reaffirmed an "equal weight" rating and set a $13.00 price objective on shares of Portillo's in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.

Portillo's Trading Up 0.1 %

NASDAQ PTLO traded up $0.02 during trading on Monday, hitting $13.96. The stock had a trading volume of 1,844,193 shares, compared to its average volume of 1,875,725. The company has a market capitalization of $1.04 billion, a PE ratio of 33.24, a PEG ratio of 14.32 and a beta of 1.72. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average price of $10.57 and a 200 day moving average price of $11.42. Portillo's has a twelve month low of $8.38 and a twelve month high of $16.17.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. The firm had revenue of $178.25 million during the quarter, compared to analysts' expectations of $182.07 million. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 earnings per share. As a group, equities research analysts forecast that Portillo's will post 0.35 earnings per share for the current year.

Institutional Trading of Portillo's

A number of large investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in shares of Portillo's by 3.5% in the fourth quarter. Rhumbline Advisers now owns 80,861 shares of the company's stock valued at $760,000 after acquiring an additional 2,741 shares during the period. Savant Capital LLC acquired a new position in Portillo's during the 4th quarter worth approximately $96,000. Stoneridge Investment Partners LLC raised its position in Portillo's by 23.5% in the fourth quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company's stock worth $118,000 after acquiring an additional 2,396 shares in the last quarter. CenterStar Asset Management LLC increased its holdings in shares of Portillo's by 348.4% in the 4th quarter. CenterStar Asset Management LLC now owns 60,529 shares of the company's stock valued at $568,000 after purchasing an additional 47,029 shares in the last quarter. Finally, First Dallas Securities Inc. increased its holdings in Portillo's by 94.4% in the fourth quarter. First Dallas Securities Inc. now owns 43,250 shares of the company's stock valued at $407,000 after buying an additional 21,000 shares in the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

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.