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

Portillo’s (NASDAQ:PTLO) had its price objective dropped by research analysts at UBS Group from $14.00 to $11.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 19.57% from the stock’s current price.

A number of other research firms have also recently issued reports on PTLO. Stephens reiterated an “equal weight” rating and set a $13.00 price objective on shares of Portillo’s in a research report on Wednesday, November 6th. Stifel Nicolaus downgraded shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price target for the company. in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.57.

Portillo’s Stock Down 5.1 %

NASDAQ PTLO opened at $9.20 on Tuesday. Portillo’s has a fifty-two week low of $8.38 and a fifty-two week high of $16.17. The business has a fifty day moving average price of $10.70 and a two-hundred day moving average price 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 capitalization of $682.84 million, a PE ratio of 21.90, a PEG ratio of 10.96 and a beta of 1.72.

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

Hedge Funds Weigh In On Portillo’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in PTLO. Point72 DIFC Ltd acquired a new position in shares of Portillo’s during the second quarter worth $29,000. NBC Securities Inc. lifted its holdings in Portillo’s by 43.5% during the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock worth $44,000 after buying an additional 1,000 shares during the period. AdvisorShares Investments LLC acquired a new position in Portillo’s during the 2nd quarter worth about $52,000. nVerses Capital LLC bought a new stake in shares of Portillo’s in the 3rd quarter valued at about $69,000. Finally, Arizona State Retirement System increased 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 valued at $159,000 after buying an additional 3,261 shares during the period. 98.34% of the stock is currently owned by institutional investors and hedge funds.

About Portillo’s

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.