Portillo's (NASDAQ:PTLO) Price Target Lowered to $11.00 at UBS Group

Portillo's (NASDAQ:PTLO - Get Free Report) had its price objective cut by stock analysts at UBS Group from $14.00 to $11.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's price objective would indicate a potential upside of 13.52% from the stock's current price.

PTLO has been the topic of several other reports. Stephens reiterated an "equal weight" rating and set a $13.00 price objective on shares of Portillo's in a research report on Wednesday, November 6th. Stifel Nicolaus cut Portillo's from a "buy" rating to a "hold" rating and set a $13.00 price objective for the company. in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Portillo's currently has a consensus rating of "Hold" and an average price target of $13.57.

Portillo's Stock Down 3.3 %

PTLO stock traded down $0.33 during trading on Tuesday, reaching $9.69. The stock had a trading volume of 1,285,174 shares, compared to its average volume of 1,306,166. Portillo's has a one year low of $8.38 and a one year high of $16.17. The company's 50 day moving average is $10.77 and its two-hundred day moving average is $11.17. 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 company has a market capitalization of $719.21 million, a price-to-earnings ratio of 23.07, a P/E/G ratio of 10.96 and a beta of 1.72.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. The company had revenue of $178.25 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 EPS. Equities research analysts forecast that Portillo's will post 0.3 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PTLO. Point72 DIFC Ltd purchased a new stake in shares of Portillo's in the second quarter worth about $29,000. NBC Securities Inc. grew its stake in shares of Portillo's by 43.5% during the third quarter. NBC Securities Inc. now owns 3,300 shares of the company's stock valued at $44,000 after buying an additional 1,000 shares during the last quarter. AdvisorShares Investments LLC bought a new position in shares of Portillo's during the second quarter valued at approximately $52,000. nVerses Capital LLC bought a new position in Portillo's in the third quarter worth approximately $69,000. Finally, Arizona State Retirement System grew its stake in Portillo's by 24.9% in the second quarter. Arizona State Retirement System now owns 16,354 shares of the company's stock worth $159,000 after purchasing an additional 3,261 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.

About Portillo's

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.