Stifel Nicolaus Forecasts Strong Price Appreciation for Portillo’s (NASDAQ:PTLO) Stock

Portillo’s (NASDAQ:PTLO) had its price target hoisted by investment analysts at Stifel Nicolaus from $16.00 to $17.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 21.69% from the stock’s previous close.

A number of other research firms also recently commented on PTLO. Stephens boosted their price target on Portillo’s from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday. Morgan Stanley dropped their price target on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, UBS Group dropped their price target on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.29.

Portillo’s Stock Down 0.1 %

PTLO opened at $13.97 on Friday. Portillo’s has a fifty-two week low of $8.38 and a fifty-two week high of $15.78. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The company has a market capitalization of $1.04 billion, a P/E ratio of 33.26, a P/E/G ratio of 14.77 and a beta of 1.81. The stock has a fifty day moving average of $12.36 and a 200-day moving average of $12.10.

Portillo’s (NASDAQ:PTLO) last posted its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. The company had revenue of $184.61 million during the quarter, compared to the consensus estimate of $185.16 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The company’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 earnings per share. On average, equities analysts expect that Portillo’s will post 0.35 EPS for the current year.

Hedge Funds Weigh In On Portillo’s

A number of institutional investors have recently modified their holdings of the company. Hollencrest Capital Management lifted its holdings in shares of Portillo’s by 100.0% in the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $38,000 after purchasing an additional 2,000 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of Portillo’s in the 4th quarter worth $47,000. Comerica Bank lifted its holdings in shares of Portillo’s by 172.6% in the 4th quarter. Comerica Bank now owns 5,395 shares of the company’s stock worth $51,000 after purchasing an additional 3,416 shares in the last quarter. Fund 1 Investments LLC bought a new position in shares of Portillo’s in the 4th quarter worth $53,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Portillo’s in the 4th quarter worth $62,000. 98.34% of the stock is 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.