UBS Group Lowers Portillo’s (NASDAQ:PTLO) Price Target to $12.00

Portillo’s (NASDAQ:PTLO) had its target price reduced by UBS Group from $15.00 to $12.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

PTLO has been the subject of several other reports. Piper Sandler cut their price target on shares of Portillo’s from $17.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday. Stifel Nicolaus increased their target price on Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a report on Friday, February 28th. Robert W. Baird restated a “neutral” rating and set a $12.00 price target (down from $15.00) on shares of Portillo’s in a research report on Monday, April 7th. Morgan Stanley set a $12.00 price objective on Portillo’s in a research report on Monday, April 14th. Finally, Baird R W cut shares of Portillo’s from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $13.71.

Portillo’s Stock Performance

Shares of NASDAQ PTLO opened at $11.24 on Wednesday. The stock’s 50-day moving average is $11.78 and its 200 day moving average is $11.88. The stock has a market cap of $838.54 million, a price-to-earnings ratio of 26.76, a P/E/G ratio of 14.77 and a beta of 1.83. Portillo’s has a 1-year low of $8.38 and a 1-year high of $15.78. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The firm had revenue of $176.44 million for the quarter, compared to the consensus estimate of $180.76 million. During the same period last year, the firm posted $0.08 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Portillo’s will post 0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PTLO. Hollencrest Capital Management boosted its stake in shares of Portillo’s by 100.0% during the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock valued at $38,000 after purchasing an additional 2,000 shares in the last quarter. 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 worth $38,000 after buying an additional 1,176 shares during the period. North Star Investment Management Corp. boosted its position in Portillo’s by 137.6% during the 1st quarter. North Star Investment Management Corp. now owns 3,517 shares of the company’s stock valued at $42,000 after acquiring an additional 2,037 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of Portillo’s during the 4th quarter worth approximately $47,000. Finally, Comerica Bank raised its position in shares of Portillo’s by 172.6% in the 4th quarter. Comerica Bank now owns 5,395 shares of the company’s stock worth $51,000 after acquiring an additional 3,416 shares in the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

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.