Portillo’s Inc. (NASDAQ:PTLO) Receives $5.92 Consensus Target Price from Brokerages

Portillo’s Inc. (NASDAQ:PTLO) has been given an average recommendation of “Hold” by the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $5.9250.

A number of analysts have issued reports on PTLO shares. Robert W. Baird set a $5.25 target price on Portillo’s in a research report on Wednesday, May 6th. Stifel Nicolaus dropped their price target on Portillo’s from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Roth Capital set a $8.00 price target on Portillo’s in a research note on Wednesday, May 6th. Weiss Ratings lowered Portillo’s from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Finally, Stephens set a $5.00 price objective on Portillo’s in a research note on Tuesday, July 21st.

Insiders Place Their Bets

In other Portillo’s news, Director Eugene I. Lee, Jr. bought 70,165 shares of Portillo’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $4.28 per share, for a total transaction of $300,306.20. Following the completion of the purchase, the director directly owned 486,415 shares of the company’s stock, valued at approximately $2,081,856.20. This trade represents a 16.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 6.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC bought a new position in shares of Portillo’s in the fourth quarter worth $10,350,000. Engaged Capital LLC raised its stake in shares of Portillo’s by 124.3% during the 1st quarter. Engaged Capital LLC now owns 3,442,990 shares of the company’s stock valued at $18,213,000 after purchasing an additional 1,908,000 shares during the period. Alliancebernstein L.P. raised its stake in shares of Portillo’s by 16.8% during the 2nd quarter. Alliancebernstein L.P. now owns 5,777,921 shares of the company’s stock valued at $67,428,000 after purchasing an additional 830,460 shares during the period. Renaissance Technologies LLC lifted its holdings in Portillo’s by 133.5% during the 4th quarter. Renaissance Technologies LLC now owns 1,204,897 shares of the company’s stock worth $5,470,000 after purchasing an additional 688,800 shares in the last quarter. Finally, Bridgeway Capital Management LLC purchased a new stake in Portillo’s during the 3rd quarter worth about $2,609,000. 98.34% of the stock is owned by institutional investors.

Portillo’s Trading Down 0.7%

Shares of PTLO stock opened at $4.54 on Friday. The company has a 50 day moving average of $4.43 and a 200-day moving average of $5.05. The company has a quick ratio of 0.22, a current ratio of 0.26 and a debt-to-equity ratio of 0.47. Portillo’s has a 12-month low of $3.78 and a 12-month high of $9.74. The firm has a market cap of $344.18 million, a P/E ratio of 21.62, a PEG ratio of 0.84 and a beta of 1.56.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Portillo’s had a return on equity of 3.17% and a net margin of 2.12%.The company had revenue of $182.62 million during the quarter, compared to the consensus estimate of $183.26 million. During the same period last year, the firm posted $0.05 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Sell-side analysts anticipate that Portillo’s will post 0.23 earnings per share for the current year.

About Portillo’s

Portillo’s, Inc operates a fast‐casual restaurant chain best known for its Chicago‐style menu, featuring Italian beef sandwiches, Chicago‐style hot dogs, char‐grilled burgers, salads, crinkle‐cut fries and hand‐spun milkshakes. In addition to its signature sandwiches and dogs, the company offers a selection of desserts—including its famous chocolate cake and frozen custard—as well as catering services designed to bring its Midwestern flavors to corporate and social events.

The company was founded in 1963 by Dick Portillo, who opened the first Portillo’s in Villa Park, Illinois.