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

Portillo’s (NASDAQ:PTLO)‘s stock had its “neutral” rating reaffirmed by equities researchers at Robert W. Baird in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $12.00 price target on the stock, down from their prior price target of $15.00. Robert W. Baird’s price objective suggests a potential upside of 6.38% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Stephens raised their price objective on Portillo’s from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Morgan Stanley dropped their target price on shares of 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. UBS Group reduced their price target on shares of 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, Stifel Nicolaus increased their price objective on shares of Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.86.

Portillo’s Stock Down 0.5 %

Shares of NASDAQ PTLO opened at $11.28 on Monday. The firm’s 50 day moving average price is $13.59 and its 200 day moving average price is $12.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The firm has a market cap of $841.52 million, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 14.77 and a beta of 1.82. Portillo’s has a 1 year low of $8.38 and a 1 year high of $15.78.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The firm had revenue of $184.61 million during the quarter, compared to the consensus estimate of $185.16 million. During the same period in the previous year, the firm earned $0.13 earnings per share. Portillo’s’s revenue was down 1.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Portillo’s will post 0.35 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Hollencrest Capital Management increased its position in shares of Portillo’s by 100.0% during the fourth quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $38,000 after acquiring an additional 2,000 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in Portillo’s during the 4th quarter worth approximately $47,000. Comerica Bank raised its position in shares of Portillo’s by 172.6% in the 4th quarter. Comerica Bank now owns 5,395 shares of the company’s stock valued at $51,000 after purchasing an additional 3,416 shares in the last quarter. Fund 1 Investments LLC purchased a new position in shares of Portillo’s during the 4th quarter valued at approximately $53,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Portillo’s during the fourth quarter worth approximately $62,000. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

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.