Robert W. Baird Reiterates Neutral Rating for Portillo's (NASDAQ:PTLO)

Robert W. Baird restated their neutral rating on shares of Portillo's (NASDAQ:PTLO - Free Report) in a research report report published on Monday, MarketBeat Ratings reports. Robert W. Baird currently has a $12.00 price objective on the stock, down from their prior price objective of $15.00.

A number of other research firms have also commented on PTLO. Stifel Nicolaus boosted their price target on shares of Portillo's from $16.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Stephens upped their target price on shares of Portillo's from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. UBS Group reduced their price target on Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Finally, Morgan Stanley decreased their target price 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. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $13.86.

Portillo's Stock Performance

Shares of PTLO stock traded up $0.51 during mid-day trading on Monday, reaching $12.00. The stock had a trading volume of 1,512,529 shares, compared to its average volume of 1,346,498. The firm has a market cap of $895.24 million, a PE ratio of 28.57, a P/E/G ratio of 14.77 and a beta of 1.82. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. Portillo's has a one year low of $8.38 and a one year high of $15.78. The firm's 50 day simple moving average is $13.21 and its 200 day simple moving average is $12.11.

Portillo's (NASDAQ:PTLO - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.15. The business had revenue of $184.61 million for the quarter, compared to analyst estimates of $185.16 million. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. The firm's revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. On average, analysts forecast that Portillo's will post 0.35 EPS for the current year.

Hedge Funds Weigh In On Portillo's

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Portillo's by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,742 shares of the company's stock worth $289,000 after acquiring an additional 1,185 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Portillo's by 2.2% during the first quarter. Rhumbline Advisers now owns 82,605 shares of the company's stock worth $982,000 after purchasing an additional 1,744 shares during the period. Hollencrest Capital Management increased its position in Portillo's by 100.0% during the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock worth $38,000 after buying an additional 2,000 shares during the period. Mesirow Financial Investment Management Inc. raised its stake in Portillo's by 5.0% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 43,032 shares of the company's stock worth $405,000 after purchasing an additional 2,038 shares in the last quarter. Finally, Lakewood Asset Management LLC raised its position in shares of Portillo's by 2.2% in the fourth quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company's stock valued at $984,000 after buying an additional 2,251 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.