Portillo’s Inc. (NASDAQ:PTLO) Receives $14.00 Average PT from Brokerages

Portillo’s Inc. (NASDAQ:PTLO) has earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $14.00.

Several research analysts recently weighed in on the stock. Stifel Nicolaus cut shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price target on the stock. in a report on Wednesday, November 6th. Stephens restated an “equal weight” rating and issued a $13.00 target price on shares of Portillo’s in a research note on Wednesday, November 6th. Finally, UBS Group increased their price target on Portillo’s from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th.

Portillo’s Stock Up 2.6 %

PTLO stock opened at $9.51 on Friday. The firm has a market capitalization of $705.85 million, a PE ratio of 22.64, a P/E/G ratio of 10.96 and a beta of 1.68. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. Portillo’s has a twelve month low of $8.38 and a twelve month high of $16.17. The stock’s 50 day moving average is $10.83 and its 200-day moving average is $11.16.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. During the same period in the prior year, the firm posted $0.07 EPS. Portillo’s’s quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts expect that Portillo’s will post 0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Portillo’s

A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in Portillo’s by 28.2% in the second quarter. Bank of New York Mellon Corp now owns 211,870 shares of the company’s stock worth $2,059,000 after buying an additional 46,650 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Portillo’s by 2.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,612,114 shares of the company’s stock worth $15,670,000 after acquiring an additional 39,466 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in Portillo’s in the 2nd quarter valued at about $236,000. Rhumbline Advisers lifted its holdings in Portillo’s by 24.7% during the second quarter. Rhumbline Advisers now owns 75,392 shares of the company’s stock valued at $733,000 after purchasing an additional 14,948 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Portillo’s by 218.1% during the second quarter. Victory Capital Management Inc. now owns 63,591 shares of the company’s stock valued at $618,000 after purchasing an additional 43,602 shares during the last quarter. Institutional investors own 98.34% of the company’s stock.

Portillo’s Company Profile

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.