Stifel Nicolaus Forecasts Strong Price Appreciation for Portillo's (NASDAQ:PTLO) Stock

Portillo's (NASDAQ:PTLO - Get Free Report) had its price target increased by investment analysts at Stifel Nicolaus from $16.00 to $17.00 in a report released on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price target would suggest a potential upside of 21.17% from the stock's current price.

Several other equities research analysts also recently weighed in on PTLO. Morgan Stanley cut 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 note on Tuesday, January 21st. Stephens upped their price objective on Portillo's from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Finally, UBS Group reduced their price objective on Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $14.29.

Portillo's Trading Up 0.5 %

Shares of PTLO traded up $0.07 during midday trading on Friday, hitting $14.03. 1,666,556 shares of the stock were exchanged, compared to its average volume of 1,266,615. Portillo's has a 52-week low of $8.38 and a 52-week high of $15.78. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The stock has a fifty day simple moving average of $12.46 and a 200 day simple moving average of $12.13. The firm has a market cap of $1.04 billion, a P/E ratio of 33.40, a P/E/G ratio of 14.77 and a beta of 1.82.

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Portillo's (NASDAQ:PTLO - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.15. The firm had revenue of $184.61 million for 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%. Portillo's's revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. On average, research analysts anticipate that Portillo's will post 0.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Portillo's

A number of hedge funds and other institutional investors have recently modified their holdings of the company. First Dallas Securities Inc. grew its stake in shares of Portillo's by 94.4% during the fourth quarter. First Dallas Securities Inc. now owns 43,250 shares of the company's stock worth $407,000 after purchasing an additional 21,000 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Portillo's by 229.0% during the 4th quarter. Fifth Third Bancorp now owns 43,100 shares of the company's stock worth $405,000 after acquiring an additional 30,000 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Portillo's by 10.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company's stock valued at $24,086,000 after acquiring an additional 175,999 shares during 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 acquiring an additional 47,029 shares during the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of Portillo's during the 4th quarter worth about $2,590,000. 98.34% of the stock is currently 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.