Stifel Nicolaus Has Lowered Expectations for Portillo’s (NASDAQ:PTLO) Stock Price

Portillo’s (NASDAQ:PTLOGet Free Report) had its price objective decreased by equities research analysts at Stifel Nicolaus from $6.00 to $5.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 14.68% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Roth Mkm set a $8.00 price objective on Portillo’s in a research note on Wednesday. Morgan Stanley set a $7.00 target price on shares of Portillo’s in a report on Tuesday, January 20th. UBS Group cut their target price on shares of Portillo’s from $6.00 to $5.50 and set a “neutral” rating on the stock in a report on Tuesday, January 6th. DA Davidson assumed coverage on shares of Portillo’s in a report on Friday, March 6th. They issued a “neutral” rating and a $5.50 target price on the stock. Finally, Stephens reissued an “equal weight” rating and issued a $6.00 target price on shares of Portillo’s in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.02.

Check Out Our Latest Analysis on Portillo’s

Portillo’s Stock Performance

PTLO stock opened at $4.36 on Wednesday. The stock’s 50 day simple moving average is $5.53 and its 200 day simple moving average is $5.31. Portillo’s has a 12-month low of $4.27 and a 12-month high of $13.55. The firm has a market cap of $329.22 million, a P/E ratio of 20.76, a P/E/G ratio of 1.32 and a beta of 1.72. The company has a current ratio of 0.26, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Portillo’s (NASDAQ:PTLOGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). Portillo’s had a return on equity of 3.17% and a net margin of 2.12%.The firm had revenue of $182.62 million for the quarter, compared to the consensus estimate of $183.27 million. During the same quarter last year, the business earned $0.05 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities research analysts predict that Portillo’s will post 0.22 EPS for the current year.

Insider Transactions at Portillo’s

In other Portillo’s news, Director Eugene I. Lee, Jr. bought 286,000 shares of the business’s stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $5.18 per share, with a total value of $1,481,480.00. Following the completion of the acquisition, the director directly owned 416,250 shares of the company’s stock, valued at approximately $2,156,175. The trade was a 219.58% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Portillo’s

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in shares of Portillo’s by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 195,510 shares of the company’s stock valued at $1,034,000 after purchasing an additional 4,497 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of Portillo’s by 1.0% in the first quarter. Chicago Partners Investment Group LLC now owns 263,381 shares of the company’s stock valued at $1,393,000 after purchasing an additional 2,487 shares during the period. Horizon Wealth Management LLC acquired a new stake in shares of Portillo’s in the first quarter valued at approximately $53,000. Aaron Wealth Advisors LLC acquired a new stake in shares of Portillo’s in the first quarter valued at approximately $53,000. Finally, First National Bank Sioux Falls acquired a new stake in shares of Portillo’s in the first quarter valued at approximately $56,000. Institutional investors own 98.34% of the company’s stock.

Key Stories Impacting Portillo’s

Here are the key news stories impacting Portillo’s this week:

About Portillo’s

(Get Free Report)

Portillo’s, Inc operates a fast?casual restaurant chain best known for its Chicago?style menu, featuring Italian beef sandwiches, Chicago?style hot dogs, char?grilled burgers, salads, crinkle?cut fries and hand?spun milkshakes. In addition to its signature sandwiches and dogs, the company offers a selection of desserts—including its famous chocolate cake and frozen custard—as well as catering services designed to bring its Midwestern flavors to corporate and social events.

The company was founded in 1963 by Dick Portillo, who opened the first Portillo’s in Villa Park, Illinois.

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Analyst Recommendations for Portillo's (NASDAQ:PTLO)

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