Morgan Stanley Lowers Portillo’s (NASDAQ:PTLO) Price Target to $13.00

Portillo’s (NASDAQ:PTLO) had its target price trimmed by Morgan Stanley from $15.00 to $13.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities research analysts have also recently commented on the company. Stifel Nicolaus cut Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price on the stock. in a research report on Wednesday, November 6th. UBS Group cut their price objective on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Stephens reaffirmed an “equal weight” rating and set a $13.00 target price on shares of Portillo’s in a research note 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 stock presently has a consensus rating of “Hold” and a consensus price target of $13.57.

Portillo’s Trading Up 1.4 %

Shares of NASDAQ:PTLO opened at $11.90 on Tuesday. 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 has a 12-month low of $8.38 and a 12-month high of $16.17. The business has a 50 day moving average of $10.29 and a two-hundred day moving average of $11.24. The company has a market capitalization of $883.22 million, a PE ratio of 28.33, a PEG ratio of 12.32 and a beta of 1.72.

Portillo’s (NASDAQ:PTLO) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $178.25 million during the quarter, compared to analysts’ expectations of $182.07 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS. As a group, analysts forecast that Portillo’s will post 0.33 EPS for the current year.

Institutional Trading of Portillo’s

Large investors have recently made changes to their positions in the company. Wolff Wiese Magana LLC lifted its holdings in Portillo’s by 2.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 32,207 shares of the company’s stock valued at $434,000 after purchasing an additional 781 shares in the last quarter. NBC Securities Inc. lifted 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 buying an additional 1,000 shares in the last quarter. Lakewood Asset Management LLC lifted its stake in shares of Portillo’s by 2.2% in the fourth quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company’s stock worth $984,000 after buying an additional 2,251 shares in the last quarter. Select Equity Group L.P. boosted its position in Portillo’s by 2.6% during the second quarter. Select Equity Group L.P. now owns 112,424 shares of the company’s stock worth $1,093,000 after acquiring an additional 2,897 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in Portillo’s during the 2nd quarter valued at about $29,000. 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.