Portillo’s (NASDAQ:PTLO) Given New $11.00 Price Target at UBS Group

Portillo’s (NASDAQ:PTLO) had its target price reduced by UBS Group from $14.00 to $11.00 in a report published on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities analysts have also issued reports about the company. Stephens restated an “equal weight” rating and set a $13.00 price target on shares of Portillo’s in a research report on Wednesday, November 6th. Stifel Nicolaus cut shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price on the stock. in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.57.

Portillo’s Price Performance

PTLO stock opened at $9.69 on Tuesday. The firm has a 50 day simple moving average of $10.77 and a two-hundred day simple moving average of $11.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. The stock has a market cap of $719.21 million, a PE ratio of 23.07, a P/E/G ratio of 10.96 and a beta of 1.72. Portillo’s has a one year low of $8.38 and a one year high of $16.17.

Portillo’s (NASDAQ:PTLO) last announced its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The company had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. During the same period in the previous year, the business earned $0.07 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Portillo’s will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Portillo’s

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its position in Portillo’s by 10.9% during the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock valued at $24,086,000 after purchasing an additional 175,999 shares during the period. Franklin Resources Inc. boosted its stake in shares of Portillo’s by 2.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,291,846 shares of the company’s stock valued at $15,838,000 after purchasing an additional 32,810 shares in the last quarter. Barclays PLC increased its position in shares of Portillo’s by 55.6% during the third quarter. Barclays PLC now owns 117,430 shares of the company’s stock valued at $1,581,000 after buying an additional 41,944 shares during the period. First Dallas Securities Inc. purchased a new stake in Portillo’s in the third quarter worth about $300,000. Finally, Geode Capital Management LLC boosted its position in shares of Portillo’s by 4.0% during the third quarter. Geode Capital Management LLC now owns 1,270,142 shares of the company’s stock valued at $17,113,000 after purchasing an additional 49,181 shares in the last quarter. Institutional investors own 98.34% of the company’s stock.

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.