Portillo’s (NASDAQ:PTLO) Coverage Initiated at Stephens

Stephens initiated coverage on shares of Portillo’s (NASDAQ:PTLO) in a report released on Friday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $20.00 price target on the stock.

Portillo’s Stock Performance

Portillo’s stock opened at $12.68 on Friday. Portillo’s has a fifty-two week low of $12.57 and a fifty-two week high of $23.99. The firm’s 50 day simple moving average is $13.66 and its 200-day simple moving average is $14.59. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.40 and a quick ratio of 0.32. The company has a market cap of $925.26 million, a P/E ratio of 40.90, a price-to-earnings-growth ratio of 1.56 and a beta of 1.85.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.08. Portillo’s had a net margin of 2.71% and a return on equity of 4.79%. The firm had revenue of $187.86 million for the quarter, compared to analysts’ expectations of $184.95 million. During the same period in the previous year, the company posted $0.08 EPS. The company’s quarterly revenue was up 24.5% compared to the same quarter last year. As a group, equities research analysts predict that Portillo’s will post 0.41 EPS for the current year.

Institutional Investors Weigh In On Portillo’s

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Portillo’s by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 4,701,659 shares of the company’s stock valued at $74,897,000 after acquiring an additional 178,625 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Portillo’s by 22.3% during the second quarter. BlackRock Inc. now owns 2,824,642 shares of the company’s stock worth $63,639,000 after purchasing an additional 514,762 shares during the period. Blair William & Co. IL lifted its position in Portillo’s by 10.7% in the 3rd quarter. Blair William & Co. IL now owns 2,495,995 shares of the company’s stock worth $38,413,000 after buying an additional 241,069 shares in the last quarter. Samlyn Capital LLC acquired a new stake in shares of Portillo’s during the 1st quarter valued at $47,879,000. Finally, Norges Bank purchased a new position in shares of Portillo’s during the 4th quarter valued at $22,032,000. 98.34% of the stock is 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.