Portillo’s Inc. (NASDAQ:PTLO) Receives $14.29 Consensus Price Target from Analysts

Portillo’s Inc. (NASDAQ:PTLO) has received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $14.29.

PTLO has been the subject of several recent research reports. Stephens increased their target price on shares of Portillo’s from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. UBS Group cut their price target on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley cut their price target on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Finally, Stifel Nicolaus boosted their price target on shares of Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a report on Friday, February 28th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PTLO. Victory Capital Management Inc. boosted its holdings in shares of Portillo’s by 23.9% during the 3rd quarter. Victory Capital Management Inc. now owns 78,766 shares of the company’s stock worth $1,061,000 after buying an additional 15,175 shares during the period. Intech Investment Management LLC bought a new stake in Portillo’s in the 3rd quarter valued at $181,000. Charles Schwab Investment Management Inc. boosted its holdings in Portillo’s by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 458,417 shares of the company’s stock valued at $6,175,000 after purchasing an additional 26,588 shares during the period. Soros Capital Management LLC boosted its holdings in Portillo’s by 51.9% in the 3rd quarter. Soros Capital Management LLC now owns 49,020 shares of the company’s stock valued at $660,000 after purchasing an additional 16,758 shares during the period. Finally, Engaged Capital LLC boosted its holdings in Portillo’s by 121.5% in the 3rd quarter. Engaged Capital LLC now owns 6,114,956 shares of the company’s stock valued at $82,368,000 after purchasing an additional 3,354,513 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

Portillo’s Price Performance

NASDAQ PTLO opened at $12.08 on Wednesday. Portillo’s has a 52 week low of $8.38 and a 52 week high of $15.78. 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 stock has a market cap of $901.20 million, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 14.77 and a beta of 1.80. The company has a 50-day moving average price of $13.52 and a two-hundred day moving average price of $12.22.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. The company had revenue of $184.61 million during the quarter, compared to analyst estimates of $185.16 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS. Analysts forecast that Portillo’s will post 0.35 EPS for the current year.

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.