UBS Group Has Lowered Expectations for Portillo’s (NASDAQ:PTLO) Stock Price

Portillo’s (NASDAQ:PTLO) had its target price dropped by investment analysts at UBS Group from $7.50 to $6.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential upside of 25.79% from the stock’s previous close.

Several other brokerages have also recently weighed in on PTLO. Weiss Ratings reiterated a “sell (d+)” rating on shares of Portillo’s in a research report on Wednesday, October 8th. Morgan Stanley set a $9.00 target price on Portillo’s in a research note on Tuesday, October 21st. Bank of America reiterated a “neutral” rating and set a $7.00 price target (down from $14.00) on shares of Portillo’s in a research report on Monday, October 6th. Stephens cut their price objective on shares of Portillo’s from $8.00 to $6.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Robert W. Baird reduced their price objective on shares of Portillo’s from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Portillo’s currently has a consensus rating of “Hold” and an average price target of $9.78.

Portillo’s Stock Performance

NASDAQ PTLO opened at $4.77 on Wednesday. The firm has a market cap of $359.42 million, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 5.00 and a beta of 1.73. The company has a quick ratio of 0.23, a current ratio of 0.27 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $6.11 and its 200-day moving average is $9.05. Portillo’s has a 12-month low of $4.73 and a 12-month high of $15.78.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Portillo’s had a net margin of 3.35% and a return on equity of 4.99%. The business had revenue of $181.43 million during the quarter, compared to analysts’ expectations of $179.77 million. Sell-side analysts predict that Portillo’s will post 0.35 earnings per share for the current year.

Hedge Funds Weigh In On Portillo’s

A number of institutional investors have recently made changes to their positions in PTLO. CWM LLC lifted its holdings in shares of Portillo’s by 58.3% during the 1st quarter. CWM LLC now owns 3,194 shares of the company’s stock worth $38,000 after acquiring an additional 1,176 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Portillo’s by 135.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,596 shares of the company’s stock worth $30,000 after purchasing an additional 1,495 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Portillo’s by 2.2% in the 1st quarter. Rhumbline Advisers now owns 82,605 shares of the company’s stock worth $982,000 after purchasing an additional 1,744 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Portillo’s by 5.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,550 shares of the company’s stock worth $387,000 after purchasing an additional 1,808 shares in the last quarter. Finally, Lakewood Asset Management LLC increased its position in shares of Portillo’s by 1.5% during the 3rd quarter. Lakewood Asset Management LLC now owns 137,065 shares of the company’s stock valued at $884,000 after purchasing an additional 2,016 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.