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

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

A number of other research firms have also recently issued reports on PTLO. Stephens restated an “equal weight” rating and set a $13.00 target price on shares of Portillo’s in a research note on Wednesday, November 6th. Stifel Nicolaus cut shares of 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. Four investment 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 company presently has a consensus rating of “Hold” and a consensus target price of $13.57.

Portillo’s Price Performance

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 firm has a market capitalization of $682.84 million, a price-to-earnings ratio of 21.90, a P/E/G ratio of 10.96 and a beta of 1.72. The stock’s 50 day moving average price is $10.70 and its two-hundred day moving average price is $11.17. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share 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 analysts’ expectations of $182.07 million. During the same quarter in the prior year, the business earned $0.07 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts anticipate that Portillo’s will post 0.3 earnings per share for the current year.

Institutional Trading of Portillo’s

Several hedge funds and other institutional investors have recently bought and sold shares of PTLO. Wolff Wiese Magana LLC increased its holdings in shares of Portillo’s by 2.5% during the third quarter. Wolff Wiese Magana LLC now owns 32,207 shares of the company’s stock worth $434,000 after purchasing an additional 781 shares during the period. NBC Securities Inc. increased its stake 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 acquiring an additional 1,000 shares during the period. Select Equity Group L.P. raised its holdings in Portillo’s by 2.6% in the 2nd quarter. Select Equity Group L.P. now owns 112,424 shares of the company’s stock valued at $1,093,000 after acquiring an additional 2,897 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Portillo’s during the 2nd quarter valued at $29,000. Finally, Arizona State Retirement System grew its holdings in shares of Portillo’s by 24.9% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

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.