Portillo’s (NASDAQ:PTLO) Given New $15.00 Price Target at Robert W. Baird

Portillo’s (NASDAQ:PTLO) had its price target decreased by Robert W. Baird from $17.00 to $15.00 in a report released on Wednesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the company. Stephens reissued an overweight rating and set a $20.00 target price on shares of Portillo’s in a research note on Tuesday. Morgan Stanley lowered their price target on shares of Portillo’s from $17.00 to $16.00 and set an equal weight rating on the stock in a research report on Friday, April 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $18.17.

Portillo’s Price Performance

Shares of PTLO opened at $10.32 on Wednesday. The company has a market capitalization of $753.05 million, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 1.56 and a beta of 1.86. Portillo’s has a fifty-two week low of $10.12 and a fifty-two week high of $23.99. The firm has a 50-day simple moving average of $12.98 and a 200-day simple moving average of $14.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.32 and a current ratio of 0.40.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, May 7th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $165.83 million for the quarter, compared to analyst estimates of $174.90 million. Portillo’s had a return on equity of 4.79% and a net margin of 2.71%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share. On average, equities research analysts anticipate that Portillo’s will post 0.4 earnings per share for the current year.

Institutional Investors Weigh In On Portillo’s

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC lifted its position in 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 buying an additional 1,493 shares during the period. NBC Securities Inc. purchased a new position in shares of Portillo’s during the 3rd quarter worth about $35,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Portillo’s in the third quarter worth approximately $49,000. Assetmark Inc. grew its holdings in Portillo’s by 28.6% in the fourth quarter. Assetmark Inc. now owns 3,222 shares of the company’s stock valued at $51,000 after purchasing an additional 717 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in Portillo’s by 241.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,812 shares of the company’s stock valued at $54,000 after acquiring an additional 2,694 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

About Portillo’s

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.