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

Stephens reaffirmed their equal weight rating on shares of Portillo’s (NASDAQ:PTLO) in a research note issued to investors on Thursday,Benzinga reports. They currently have a $5.00 price target on the stock.

Other research analysts have also recently issued reports about the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Portillo’s in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of Portillo’s from a “sell” rating to a “hold” rating in a report on Sunday, September 6th. UBS Group cut their price objective on shares of Portillo’s from $5.50 to $4.50 and set a “neutral” rating for the company in a research note on Friday, October 9th. Finally, Robert W. Baird raised shares of Portillo’s to a “hold” rating in a research note on Monday, August 24th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.66.

Portillo’s Price Performance

PTLO opened at $4.66 on Thursday. The stock has a 50-day moving average price of $4.25 and a 200-day moving average price of $4.58. Portillo’s has a 12-month low of $3.29 and a 12-month high of $6.69. The company has a current ratio of 0.26, a quick ratio of 0.20 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $353.88 million, a P/E ratio of 25.89, a PEG ratio of 1.01 and a beta of 1.58.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $198.95 million for the quarter, compared to analyst estimates of $199.22 million. Portillo’s had a return on equity of 2.78% and a net margin of 1.85%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 EPS. Equities analysts predict that Portillo’s will post 0.19 earnings per share for the current fiscal year.

Insider Activity

In other Portillo’s news, Director I Jr purchased 65,355 shares of Portillo’s stock in a transaction that occurred on Wednesday, August 12th. The shares were bought at an average price of $4.59 per share, for a total transaction of $299,979.45. Following the acquisition, the director directly owned 551,770 shares in the company, valued at approximately $2,532,624.30. This trade represents a 13.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.34% of the stock is owned by insiders.

Institutional Investors Weigh In On Portillo’s

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp grew its position in shares of Portillo’s by 12.9% in the 2nd quarter. State Street Corp now owns 1,454,163 shares of the company’s stock worth $6,893,000 after buying an additional 166,617 shares during the last quarter. Capstone Financial Advisors Inc. increased its stake in shares of Portillo’s by 34.0% during the second quarter. Capstone Financial Advisors Inc. now owns 78,745 shares of the company’s stock valued at $373,000 after buying an additional 20,000 shares during the period. Squarepoint Ops LLC raised its holdings in shares of Portillo’s by 8.7% during the second quarter. Squarepoint Ops LLC now owns 131,888 shares of the company’s stock valued at $625,000 after acquiring an additional 10,570 shares in the last quarter. Corient Private Wealth LP raised its holdings in shares of Portillo’s by 501.5% during the second quarter. Corient Private Wealth LP now owns 269,248 shares of the company’s stock valued at $1,276,000 after acquiring an additional 224,486 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Portillo’s by 29.5% during the second quarter. Deutsche Bank AG now owns 65,667 shares of the company’s stock valued at $311,000 after acquiring an additional 14,973 shares in 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 chain of fast-casual restaurants known for Chicago-style food. Its menu features Chicago-style hot dogs, Italian beef and sausage sandwiches, burgers, chicken sandwiches, salads, French fries, milkshakes and its signature chocolate cake.

The company serves customers through company-operated restaurants, drive-thru lanes, takeout and delivery services, as well as catering. Portillo’s restaurants are concentrated in the Midwest and have expanded into select Sun Belt markets, including Arizona and Florida.

Portillo’s traces its origins to 1963, when founder Dick Portillo opened a small hot dog stand called The Dog House in Villa Park, Illinois.