Portillo’s Inc. (NASDAQ:PTLO) Receives $7.72 Average PT from Brokerages

Portillo’s Inc. (NASDAQ:PTLO) has received a consensus recommendation of “Hold” from the twelve brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $7.50.

Several research analysts have issued reports on the stock. Piper Sandler increased their target price on shares of Portillo’s from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. UBS Group lowered their price target on shares of Portillo’s from $6.00 to $5.50 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Portillo’s in a report on Monday, December 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $6.00 price objective (down from $8.00) on shares of Portillo’s in a research note on Wednesday, January 7th. Finally, DA Davidson began coverage on Portillo’s in a report on Friday. They set a “neutral” rating and a $5.50 target price for the company.

Institutional Investors Weigh In On Portillo’s

A number of institutional investors have recently added to or reduced their stakes in PTLO. Jefferies Financial Group Inc. acquired a new position in shares of Portillo’s during the second quarter worth $4,668,000. Bastion Asset Management Inc. acquired a new stake in shares of Portillo’s in the 2nd quarter worth $1,665,000. First Eagle Investment Management LLC grew its stake in Portillo’s by 16.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 577,850 shares of the company’s stock worth $6,744,000 after buying an additional 83,500 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Portillo’s during the 2nd quarter worth $1,023,000. Finally, Geode Capital Management LLC increased its position in Portillo’s by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,400,892 shares of the company’s stock valued at $16,350,000 after buying an additional 52,875 shares in the last quarter. Institutional investors own 98.34% of the company’s stock.

Portillo’s Trading Down 1.0%

PTLO opened at $5.08 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $5.40 and its two-hundred day moving average is $5.60. The company has a market capitalization of $382.93 million, a P/E ratio of 18.81, a PEG ratio of 1.92 and a beta of 1.75. Portillo’s has a 52 week low of $4.41 and a 52 week high of $14.40.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $185.75 million for the quarter, compared to the consensus estimate of $185.50 million. Portillo’s had a return on equity of 3.93% and a net margin of 2.64%.The business’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 EPS. Analysts forecast that Portillo’s will post 0.35 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.