Analysts Set Portillo’s Inc. (NASDAQ:PTLO) Target Price at $14.00

Portillo’s Inc. (NASDAQ:PTLO) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $14.00.

A number of brokerages recently commented on PTLO. Stifel Nicolaus upgraded shares of Portillo’s from a “hold” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $16.00 in a research note on Monday, January 27th. Stephens reissued an “equal weight” rating and issued a $13.00 price target on shares of Portillo’s in a research report on Wednesday, November 6th. Morgan Stanley reduced their target price on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Finally, UBS Group reduced their target price on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th.

Portillo’s Stock Performance

Shares of PTLO stock opened at $13.57 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average price of $11.93 and a 200 day moving average price of $12.02. The company has a market cap of $1.01 billion, a P/E ratio of 32.31, a PEG ratio of 14.77 and a beta of 1.82. Portillo’s has a 12 month low of $8.38 and a 12 month high of $16.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Portillo’s by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,742 shares of the company’s stock valued at $289,000 after purchasing an additional 1,185 shares during the last quarter. Hollencrest Capital Management grew its position in shares of Portillo’s by 100.0% in the fourth quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock valued at $38,000 after purchasing an additional 2,000 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its position in shares of Portillo’s by 5.0% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 43,032 shares of the company’s stock valued at $405,000 after purchasing an additional 2,038 shares during the last quarter. Lakewood Asset Management LLC grew its position in shares of Portillo’s by 2.2% in the fourth quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company’s stock valued at $984,000 after purchasing an additional 2,251 shares during the last quarter. Finally, Stoneridge Investment Partners LLC grew its position in shares of Portillo’s by 23.5% in the fourth quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company’s stock valued at $118,000 after purchasing an additional 2,396 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

About Portillo’s

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.