Portillo’s (NASDAQ:PTLO) Given New $6.00 Price Target at Stephens

by · The Cerbat Gem

Portillo’s (NASDAQ:PTLO – Free Report) had its target price cut by Stephens from $8.00 to $6.00 in a research note released on Wednesday morning, MarketBeat.com reports. They currently have an equal weight rating on the stock.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $6.00 target price (down previously from $10.00) on shares of Portillo’s in a research note on Monday, October 13th. Bank of America reiterated a “neutral” rating and issued a $7.00 target price (down previously from $14.00) on shares of Portillo’s in a research note on Monday, October 6th. Guggenheim reduced their target price on Portillo’s from $18.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, July 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Portillo’s in a report on Wednesday, October 8th. Finally, UBS Group reduced their target price on Portillo’s from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.78.

View Our Latest Analysis on Portillo’s

Portillo’s Price Performance

Shares of NASDAQ:PTLO opened at $5.05 on Wednesday. Portillo’s has a 1-year low of $4.81 and a 1-year high of $15.78. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.29 and a quick ratio of 0.23. The business has a fifty day moving average price of $6.16 and a 200-day moving average price of $9.08. The company has a market capitalization of $380.52 million, a PE ratio of 14.03, a PEG ratio of 4.49 and a beta of 1.73.

Portillo’s (NASDAQ:PTLO – Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). Portillo’s had a net margin of 3.35% and a return on equity of 4.99%. The company had revenue of $181.43 million for the quarter, compared to the consensus estimate of $179.77 million. As a group, equities analysts expect that Portillo’s will post 0.35 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael Osanloo bought 11,320 shares of the business’s stock in a transaction on Friday, August 8th. The stock was acquired at an average price of $7.42 per share, with a total value of $83,994.40. Following the transaction, the chief executive officer owned 63,317 shares in the company, valued at approximately $469,812.14. This trade represents a 21.77% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 6.14% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. CWM LLC lifted its holdings in Portillo’s by 58.3% in the first quarter. CWM LLC now owns 3,194 shares of the company’s stock valued at $38,000 after acquiring an additional 1,176 shares during the period. PNC Financial Services Group Inc. grew its position 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 valued at $30,000 after buying an additional 1,495 shares during the period. Rhumbline Advisers grew its position in Portillo’s by 2.2% during the first quarter. Rhumbline Advisers now owns 82,605 shares of the company’s stock valued at $982,000 after buying an additional 1,744 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Portillo’s by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,550 shares of the company’s stock valued at $387,000 after buying an additional 1,808 shares during the period. Finally, Lakewood Asset Management LLC grew its position in Portillo’s by 1.5% during the third quarter. Lakewood Asset Management LLC now owns 137,065 shares of the company’s stock valued at $884,000 after buying an additional 2,016 shares during the period. Institutional investors own 98.34% of the company’s stock.

Portillo’s Company Profile

(Get Free Report)

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.

Featured Articles