Portillo’s (NASDAQ:PTLO) Given New $7.00 Price Target at Stephens

Portillo’s (NASDAQ:PTLO) had its price target boosted by investment analysts at Stephens from $5.00 to $7.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Stephens‘s price objective would suggest a potential downside of 0.28% from the stock’s previous close.

A number of other brokerages have also commented on PTLO. Robert W. Baird upgraded Portillo’s to a “hold” rating in a research report on Monday, August 24th. Weiss Ratings restated a “sell (d)” rating on shares of Portillo’s in a research report on Friday, October 30th. Wall Street Zen lowered shares of Portillo’s from a “hold” rating to a “sell” rating in a research note on Saturday, October 31st. Finally, UBS Group reduced their target price on shares of Portillo’s from $5.50 to $4.50 and set a “neutral” rating on the stock in a research note on Friday, October 9th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.91.

Portillo’s Price Performance

Shares of PTLO stock opened at $7.02 on Friday. The stock’s fifty day moving average is $4.26 and its 200-day moving average is $4.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.20 and a current ratio of 0.26. The stock has a market capitalization of $533.12 million, a PE ratio of 39.00, a PEG ratio of 4.81 and a beta of 1.51. Portillo’s has a 52 week low of $3.29 and a 52 week high of $7.02.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The business had revenue of $194.07 million during the quarter, compared to analyst estimates of $193.18 million. Portillo’s had a net margin of 1.85% and a return on equity of 2.78%. Portillo’s’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 earnings per share. Equities research analysts expect that Portillo’s will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling at Portillo’s

In related news, Director I Jr purchased 65,355 shares of Portillo’s stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average cost of $4.59 per share, for a total transaction of $299,979.45. Following the transaction, the director directly owned 551,770 shares of the company’s stock, valued at approximately $2,532,624.30. This trade represents a 13.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 6.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Portillo’s

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Engaged Capital LLC lifted its stake in Portillo’s by 124.3% in the first quarter. Engaged Capital LLC now owns 3,442,990 shares of the company’s stock valued at $18,213,000 after buying an additional 1,908,000 shares during the period. State Street Corp boosted its holdings in Portillo’s by 12.9% during the second quarter. State Street Corp now owns 1,454,163 shares of the company’s stock worth $6,893,000 after buying an additional 166,617 shares during the last quarter. Bank of America Corp DE boosted its holdings in Portillo’s by 3.3% during the first quarter. Bank of America Corp DE now owns 704,602 shares of the company’s stock worth $3,727,000 after buying an additional 22,744 shares during the last quarter. Corient Private Wealth LP grew its position in shares of Portillo’s by 501.5% during the 2nd quarter. Corient Private Wealth LP now owns 269,248 shares of the company’s stock worth $1,276,000 after buying an additional 224,486 shares during the period. Finally, Chicago Partners Investment Group LLC grew its position in shares of Portillo’s by 1.0% during the 1st quarter. Chicago Partners Investment Group LLC now owns 263,381 shares of the company’s stock worth $1,393,000 after buying an additional 2,487 shares during the period. Institutional investors own 98.34% of the company’s stock.

Portillo’s Company Profile

Portillo’s, Inc operates a chain of fast-casual restaurants known for Chicago-style food. Its menu features Italian beef and Italian sausage sandwiches, Chicago-style hot dogs, hamburgers, chicken sandwiches, salads, french fries, shakes and other desserts.

The company traces its origins to 1963, when Dick Portillo opened a small hot dog stand called The Dog House in Villa Park, Illinois. Portillo’s has since expanded from its Chicago-area roots into a multi-state restaurant business, with locations primarily in the United States.