UBS Group Forecasts Strong Price Appreciation for Portillo’s (NASDAQ:PTLO) Stock

Portillo’s (NASDAQ:PTLO) had its price objective upped by UBS Group from $13.00 to $14.00 in a research report released on Wednesday morning, Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other equities analysts have also weighed in on PTLO. Stephens restated an “equal weight” rating and issued a $13.00 price target on shares of Portillo’s in a research note on Wednesday. Bank of America reduced their target price on Portillo’s from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Stifel Nicolaus cut shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price target on the stock. in a research note on Wednesday. Finally, Morgan Stanley reduced their price objective 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, July 16th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.00.

Portillo’s Stock Down 2.6 %

Shares of PTLO stock opened at $13.14 on Wednesday. Portillo’s has a twelve month low of $8.66 and a twelve month high of $16.92. The stock has a market cap of $958.83 million, a P/E ratio of 34.58, a P/E/G ratio of 17.75 and a beta of 1.78. The stock has a 50 day moving average of $12.74 and a 200 day moving average of $11.25. The company has a current ratio of 0.38, a quick ratio of 0.30 and a debt-to-equity ratio of 0.60.

Portillo’s (NASDAQ:PTLO) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. The firm had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. Portillo’s had a net margin of 3.30% and a return on equity of 5.08%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS. As a group, sell-side analysts expect that Portillo’s will post 0.27 EPS for the current year.

Institutional Investors Weigh In On Portillo’s

A number of large investors have recently modified their holdings of the business. California State Teachers Retirement System grew its stake in Portillo’s by 10.4% during the 1st quarter. California State Teachers Retirement System now owns 54,329 shares of the company’s stock valued at $770,000 after acquiring an additional 5,120 shares in the last quarter. Engaged Capital LLC boosted its stake in Portillo’s by 38.7% during the second quarter. Engaged Capital LLC now owns 2,760,443 shares of the company’s stock worth $26,832,000 after buying an additional 770,443 shares during the last quarter. Swiss National Bank grew its holdings in Portillo’s by 17.4% in the 1st quarter. Swiss National Bank now owns 108,400 shares of the company’s stock valued at $1,537,000 after buying an additional 16,100 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Portillo’s in the 1st quarter worth $188,000. Finally, Rice Hall James & Associates LLC raised its holdings in shares of Portillo’s by 51.2% during the 3rd quarter. Rice Hall James & Associates LLC now owns 207,945 shares of the company’s stock worth $2,801,000 after acquiring an additional 70,409 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

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.