Stifel Nicolaus Cuts Portillo’s (NASDAQ:PTLO) Price Target to $5.00

Portillo’s (NASDAQ:PTLO) had its price objective cut by Stifel Nicolaus from $6.00 to $5.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

PTLO has been the topic of several other research reports. Morgan Stanley set a $7.00 price objective on shares of Portillo’s in a report on Tuesday, January 20th. DA Davidson initiated coverage on Portillo’s in a research report on Friday, March 6th. They issued a “neutral” rating and a $5.50 target price on the stock. UBS Group dropped their target price on Portillo’s from $6.00 to $5.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 6th. Roth Mkm set a $8.00 target price on Portillo’s in a research report on Wednesday. Finally, Stephens reiterated an “equal weight” rating and issued a $6.00 target price on shares of Portillo’s in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Portillo’s has a consensus rating of “Hold” and a consensus price target of $7.02.

Portillo’s Stock Performance

Shares of Portillo’s stock opened at $4.30 on Wednesday. The company has a market capitalization of $324.69 million, a PE ratio of 20.48, a P/E/G ratio of 0.65 and a beta of 1.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.26. The company has a 50-day simple moving average of $5.53 and a two-hundred day simple moving average of $5.31. Portillo’s has a one year low of $4.27 and a one year high of $13.55.

Portillo’s (NASDAQ:PTLO) last announced its earnings results on Tuesday, May 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $182.62 million during the quarter, compared to the consensus estimate of $183.27 million. Portillo’s had a return on equity of 3.17% and a net margin of 2.12%.The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 earnings per share. Research analysts expect that Portillo’s will post 0.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Eugene I. Lee, Jr. acquired 286,000 shares of the stock in a transaction on Friday, March 13th. The shares were acquired at an average price of $5.18 per share, for a total transaction of $1,481,480.00. Following the transaction, the director owned 416,250 shares in the company, valued at approximately $2,156,175. This trade represents a 219.58% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.34% of the company’s stock.

Institutional Investors Weigh In On Portillo’s

Hedge funds have recently bought and sold shares of the stock. GM Advisory Group LLC purchased a new stake in Portillo’s in the 3rd quarter worth approximately $1,935,000. Southeast Asset Advisors LLC purchased a new stake in Portillo’s in the 3rd quarter worth approximately $840,000. Total Clarity Wealth Management Inc. purchased a new stake in Portillo’s in the 3rd quarter worth approximately $244,000. Fox Run Management L.L.C. purchased a new stake in Portillo’s in the 3rd quarter worth approximately $137,000. Finally, Rothschild Investment LLC boosted its position in Portillo’s by 13,373.3% in the 3rd quarter. Rothschild Investment LLC now owns 10,105 shares of the company’s stock worth $65,000 after purchasing an additional 10,030 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Portillo’s Company Profile

Portillo’s, Inc operates a fast‐casual restaurant chain best known for its Chicago‐style menu, featuring Italian beef sandwiches, Chicago‐style hot dogs, char‐grilled burgers, salads, crinkle‐cut fries and hand‐spun milkshakes. In addition to its signature sandwiches and dogs, the company offers a selection of desserts—including its famous chocolate cake and frozen custard—as well as catering services designed to bring its Midwestern flavors to corporate and social events.

The company was founded in 1963 by Dick Portillo, who opened the first Portillo’s in Villa Park, Illinois.