Portillo’s’ (PTLO) “Equal Weight” Rating Reaffirmed at Stephens

Portillo’s (NASDAQ:PTLO)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Stephens in a research note issued to investors on Thursday,Benzinga reports. They presently have a $5.00 price objective on the stock. Stephens’ price objective would suggest a potential upside of 7.07% from the stock’s current price.

A number of other analysts have also weighed in on PTLO. Guggenheim lowered shares of Portillo’s from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Piper Sandler decreased their price target on shares of Portillo’s from $8.00 to $6.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Robert W. Baird set a $5.25 price target on shares of Portillo’s in a report on Wednesday, May 6th. Stifel Nicolaus dropped their price objective on shares of Portillo’s from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Finally, Roth Capital set a $8.00 price objective on shares of Portillo’s in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.92.

Portillo’s Trading Up 3.1%

PTLO opened at $4.67 on Thursday. Portillo’s has a 12 month low of $3.78 and a 12 month high of $8.21. The stock has a market capitalization of $354.03 million, a price-to-earnings ratio of 22.24, a PEG ratio of 0.84 and a beta of 1.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.26 and a quick ratio of 0.22. The business has a fifty day moving average price of $4.46 and a 200 day moving average price of $5.04.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $198.95 million for the quarter, compared to the consensus estimate of $199.22 million. Portillo’s had a return on equity of 3.17% and a net margin of 2.12%.Portillo’s’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 EPS. Sell-side analysts expect that Portillo’s will post 0.23 earnings per share for the current fiscal year.

Insider Activity at Portillo’s

In other Portillo’s news, Director Eugene I. Lee, Jr. acquired 70,165 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average price of $4.28 per share, for a total transaction of $300,306.20. Following the acquisition, the director owned 486,415 shares in the company, valued at $2,081,856.20. The trade was a 16.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.34% of the company’s stock.

Institutional Investors Weigh In On Portillo’s

Several institutional investors have recently added to or reduced their stakes in the business. Essential Partners LLC boosted its holdings in Portillo’s by 83,350.0% in the first quarter. Essential Partners LLC now owns 5,007 shares of the company’s stock valued at $26,000 after purchasing an additional 5,001 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Portillo’s by 69.6% during the second quarter. BNP Paribas Financial Markets now owns 5,426 shares of the company’s stock worth $63,000 after purchasing an additional 2,227 shares in the last quarter. CWM LLC raised its holdings in Portillo’s by 37.6% during the fourth quarter. CWM LLC now owns 7,216 shares of the company’s stock worth $33,000 after purchasing an additional 1,973 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of Portillo’s during the 4th quarter worth approximately $34,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Portillo’s by 336.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,135 shares of the company’s stock worth $95,000 after buying an additional 6,271 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Portillo’s Company Profile

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.