Portillo’s (NASDAQ:PTLO) Given Overweight Rating at Stephens

Stephens reaffirmed their overweight rating on shares of Portillo’s (NASDAQ:PTLO) in a report published on Tuesday, Benzinga reports. The firm currently has a $20.00 price objective on the stock.

Separately, Morgan Stanley lowered their target price on Portillo’s from $17.00 to $16.00 and set an equal weight rating for the company in a research note on Friday, April 12th.

Portillo’s Price Performance

Portillo’s stock opened at $10.61 on Tuesday. Portillo’s has a 52 week low of $10.33 and a 52 week high of $23.99. The firm has a market cap of $774.21 million, a P/E ratio of 34.23, a P/E/G ratio of 1.56 and a beta of 1.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.32 and a current ratio of 0.40. The business’s fifty day moving average is $13.08 and its two-hundred day moving average is $14.25.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $184.95 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The company’s revenue was up 24.5% on a year-over-year basis. Equities research analysts forecast that Portillo’s will post 0.4 earnings per share for the current fiscal year.

Institutional Trading of Portillo’s

A number of large investors have recently made changes to their positions in PTLO. International Assets Investment Management LLC increased its position in shares of Portillo’s by 1,493.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,593 shares of the company’s stock worth $25,000 after acquiring an additional 1,493 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Portillo’s in the third quarter valued at about $35,000. DekaBank Deutsche Girozentrale acquired a new stake in Portillo’s in the 3rd quarter valued at approximately $49,000. Assetmark Inc. lifted its stake in Portillo’s by 28.6% in the 4th quarter. Assetmark Inc. now owns 3,222 shares of the company’s stock valued at $51,000 after acquiring an additional 717 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Portillo’s by 241.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,812 shares of the company’s stock worth $54,000 after acquiring an additional 2,694 shares during the last quarter. 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.