Portillo’s (NASDAQ:PTLO) Stock Price Expected to Rise, UBS Group Analyst Says

Portillo’s (NASDAQ:PTLO) had its price objective raised by equities research analysts at UBS Group from $4.50 to $7.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group‘s target price indicates a potential upside of 1.60% from the company’s previous close.

PTLO has been the topic of a number of other research reports. Robert W. Baird raised shares of Portillo’s to a “hold” rating in a research report on Monday, August 24th. DA Davidson upped their price target on Portillo’s from $5.00 to $7.00 and gave the company a “neutral” rating in a research report on Friday. Weiss Ratings reissued a “sell (d)” rating on shares of Portillo’s in a report on Friday, October 30th. Stephens upped their price objective on shares of Portillo’s from $5.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Wall Street Zen upgraded Portillo’s from a “sell” rating to a “hold” rating in a research note on Sunday. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.41.

Portillo’s Stock Up 3.8%

Shares of NASDAQ:PTLO traded up $0.25 on Monday, reaching $6.89. The company had a trading volume of 2,898,284 shares, compared to its average volume of 1,725,003. The stock has a 50-day moving average price of $4.31 and a 200 day moving average price of $4.83. Portillo’s has a twelve month low of $3.29 and a twelve month high of $7.07. The company has a quick ratio of 0.20, a current ratio of 0.26 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $523.25 million, a P/E ratio of 31.32, a P/E/G ratio of 5.86 and a beta of 1.51.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. Portillo’s had a return on equity of 3.41% and a net margin of 2.25%. The company had revenue of $194.07 million for the quarter, compared to the consensus estimate of $193.18 million. During the same quarter last year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts expect that Portillo’s will post 0.19 EPS for the current year.

Insider Transactions at Portillo’s

In related news, Director I Jr bought 65,355 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was bought at an average cost of $4.59 per share, for a total transaction of $299,979.45. Following the transaction, the director owned 551,770 shares of the company’s stock, valued at $2,532,624.30. This represents a 13.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.34% of the company’s stock.

Hedge Funds Weigh In On Portillo’s

Institutional investors and hedge funds have recently made changes to their positions in the company. Chicago Partners Investment Group LLC increased its holdings in shares of Portillo’s by 1.0% in the first quarter. Chicago Partners Investment Group LLC now owns 263,381 shares of the company’s stock worth $1,393,000 after acquiring an additional 2,487 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Portillo’s by 2.4% during the first quarter. Bank of New York Mellon Corp now owns 195,510 shares of the company’s stock worth $1,034,000 after buying an additional 4,497 shares in the last quarter. Essential Partners LLC raised its holdings in shares of Portillo’s by 83,350.0% in the first quarter. Essential Partners LLC now owns 5,007 shares of the company’s stock valued at $26,000 after purchasing an additional 5,001 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Portillo’s by 8.7% during the 2nd quarter. Squarepoint Ops LLC now owns 131,888 shares of the company’s stock worth $625,000 after buying an additional 10,570 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Portillo’s by 29.5% during the second quarter. Deutsche Bank AG now owns 65,667 shares of the company’s stock valued at $311,000 after purchasing an additional 14,973 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Portillo’s Company Profile

Portillo’s, Inc operates a chain of fast-casual restaurants known for Chicago-style food. Its menu features Italian beef and Italian sausage sandwiches, Chicago-style hot dogs, hamburgers, chicken sandwiches, salads, french fries, shakes and other desserts.

The company traces its origins to 1963, when Dick Portillo opened a small hot dog stand called The Dog House in Villa Park, Illinois. Portillo’s has since expanded from its Chicago-area roots into a multi-state restaurant business, with locations primarily in the United States.