UBS Group Lowers Portillo’s (NASDAQ:PTLO) Price Target to $11.00

Portillo’s (NASDAQ:PTLO) had its price objective reduced by UBS Group from $14.00 to $11.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts also recently issued reports about the company. Stifel Nicolaus downgraded Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price target on the stock. in a report on Wednesday, November 6th. Stephens reiterated an “equal weight” rating and issued a $13.00 price target on shares of Portillo’s 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.57.

Portillo’s Trading Down 5.1 %

Shares of NASDAQ:PTLO opened at $9.20 on Tuesday. Portillo’s has a 12-month low of $8.38 and a 12-month high of $16.17. The business’s fifty day simple moving average is $10.62 and its 200-day simple moving average is $11.15. The company has a market capitalization of $682.84 million, a PE ratio of 21.90, a P/E/G ratio of 10.96 and a beta of 1.72. 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 announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business had revenue of $178.25 million for the quarter, compared to the consensus estimate of $182.07 million. During the same period last year, the business posted $0.07 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts predict that Portillo’s will post 0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 DIFC Ltd purchased a new position in Portillo’s during the 2nd quarter worth $29,000. NBC Securities Inc. raised its stake in shares of Portillo’s by 43.5% in the third quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock worth $44,000 after purchasing an additional 1,000 shares during the last quarter. AdvisorShares Investments LLC purchased a new position in shares of Portillo’s in the second quarter worth about $52,000. nVerses Capital LLC purchased a new position in shares of Portillo’s in the third quarter worth about $69,000. Finally, Arizona State Retirement System raised its stake in shares of Portillo’s by 24.9% in the second quarter. Arizona State Retirement System now owns 16,354 shares of the company’s stock worth $159,000 after purchasing an additional 3,261 shares during the last quarter. 98.34% of the stock is currently 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.