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

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

A number of equities research analysts recently commented on PTLO shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Portillo’s in a research report on Monday, August 3rd. Wall Street Zen raised shares of Portillo’s from a “sell” rating to a “hold” rating in a research report on Sunday, September 6th. Robert W. Baird upgraded shares of Portillo’s to a “hold” rating in a research note on Monday, August 24th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $5.00 price target on shares of Portillo’s in a report on Thursday, August 6th.

Insider Transactions at Portillo’s

In other news, Director I Jr purchased 65,355 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average cost of $4.59 per share, with a total value of $299,979.45. Following the completion of the acquisition, the director owned 551,770 shares of the company’s stock, valued at approximately $2,532,624.30. This represents a 13.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.34% of the company’s stock.

Institutional Investors Weigh In On Portillo’s

A number of institutional investors have recently modified their holdings of the business. ProShare Advisors LLC raised its stake in Portillo’s by 20.1% in the 4th quarter. ProShare Advisors LLC now owns 12,188 shares of the company’s stock valued at $55,000 after purchasing an additional 2,043 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in Portillo’s by 1.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 263,381 shares of the company’s stock valued at $1,393,000 after acquiring an additional 2,487 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Portillo’s by 2.4% in the 1st quarter. Bank of New York Mellon Corp now owns 195,510 shares of the company’s stock worth $1,034,000 after purchasing an additional 4,497 shares in the last quarter. Essential Partners LLC lifted its position in Portillo’s by 83,350.0% during the first quarter. Essential Partners LLC now owns 5,007 shares of the company’s stock worth $26,000 after buying an additional 5,001 shares in the last quarter. Finally, Allworth Financial LP increased its position in Portillo’s by 235.3% during the fourth quarter. Allworth Financial LP now owns 9,243 shares of the company’s stock worth $42,000 after purchasing an additional 6,486 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Portillo’s Stock Performance

Shares of PTLO stock opened at $3.75 on Friday. The business has a fifty day moving average of $4.48 and a 200 day moving average of $4.75. Portillo’s has a 1 year low of $3.70 and a 1 year high of $6.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.26 and a quick ratio of 0.20. The firm has a market capitalization of $284.77 million, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 0.81 and a beta of 1.56.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Portillo’s had a return on equity of 2.78% and a net margin of 1.85%.The business had revenue of $198.95 million for the quarter, compared to the consensus estimate of $199.22 million. During the same quarter in the previous year, the business earned $0.12 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, research analysts expect that Portillo’s will post 0.19 earnings per share for the current year.

Portillo’s Company Profile

Portillo’s, Inc is a fast-casual restaurant company known for Chicago-style food and hospitality. Its menu features Italian beef sandwiches, Chicago-style hot dogs, char-grilled burgers, chicken sandwiches, salads, French fries, hand-mixed shakes and its signature chocolate cake.

The company serves customers through a network of company-owned restaurants, as well as drive-thru, pickup, delivery, catering and shipping channels. Portillo’s restaurants generally feature a distinctive Chicago-themed atmosphere and offer convenient options for dine-in and off-premise orders.

Portillo’s traces its history to 1963, when Dick Portillo opened a small hot dog stand called The Dog House in Villa Park, Illinois.