Portillo’s (NASDAQ:PTLO) Stock Rating Reaffirmed as “Equal Weight” by Stephens

Portillo’s (NASDAQ:PTLO)‘s stock had its “equal weight” rating reaffirmed by research analysts at Stephens in a research note issued on Thursday, Benzinga reports. They currently have a $5.00 price objective on the stock. Stephens’ target price suggests a potential upside of 7.18% from the stock’s previous close.

A number of other equities research analysts also recently commented on PTLO. Weiss Ratings restated a “sell (d)” rating on shares of Portillo’s in a research report on Monday, August 3rd. Wall Street Zen upgraded Portillo’s from a “sell” rating to a “hold” rating in a research report on Sunday, September 6th. Robert W. Baird upgraded Portillo’s to a “hold” rating in a research report on Monday, August 24th. Finally, UBS Group reduced their target price on Portillo’s from $5.50 to $4.50 and set a “neutral” rating on the stock in a research report on Friday, October 9th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Portillo’s presently has an average rating of “Hold” and a consensus price target of $5.66.

Portillo’s Trading Down 2.6%

Portillo’s stock traded down $0.13 during trading on Thursday, reaching $4.67. 950,096 shares of the company were exchanged, compared to its average volume of 1,652,824. Portillo’s has a 52-week low of $3.29 and a 52-week high of $6.69. The company has a market capitalization of $354.27 million, a P/E ratio of 26.14, a PEG ratio of 1.01 and a beta of 1.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.26 and a quick ratio of 0.20. The stock’s 50 day simple moving average is $4.25 and its two-hundred day simple moving average is $4.58.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Portillo’s had a return on equity of 2.78% and a net margin of 1.85%. The firm had revenue of $198.95 million for the quarter, compared to the consensus estimate of $199.22 million. During the same quarter last year, the business posted $0.12 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts expect that Portillo’s will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director I Jr acquired 65,355 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average price of $4.59 per share, for a total transaction of $299,979.45. Following the acquisition, the director owned 551,770 shares of the company’s stock, valued at $2,532,624.30. This represents a 13.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Portillo’s

Several institutional investors and hedge funds have recently modified their holdings of PTLO. Essential Partners LLC raised its holdings in shares of Portillo’s by 83,350.0% in the 1st quarter. Essential Partners LLC now owns 5,007 shares of the company’s stock valued at $26,000 after buying an additional 5,001 shares during the period. Horizon Wealth Management LLC purchased a new stake in shares of Portillo’s in the 1st quarter valued at $53,000. Aaron Wealth Advisors LLC purchased a new stake in shares of Portillo’s in the 1st quarter valued at $53,000. First National Bank Sioux Falls purchased a new stake in shares of Portillo’s in the 1st quarter valued at $56,000. Finally, Alpine Global Management LLC purchased a new stake in shares of Portillo’s in the 4th quarter valued at $89,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

About Portillo’s

Portillo’s, Inc operates a chain of fast-casual restaurants known for Chicago-style food. Its menu features Chicago-style hot dogs, Italian beef and sausage sandwiches, burgers, chicken sandwiches, salads, French fries, milkshakes and its signature chocolate cake.

The company serves customers through company-operated restaurants, drive-thru lanes, takeout and delivery services, as well as catering. Portillo’s restaurants are concentrated in the Midwest and have expanded into select Sun Belt markets, including Arizona and Florida.

Portillo’s traces its origins to 1963, when founder Dick Portillo opened a small hot dog stand called The Dog House in Villa Park, Illinois.