Brokerages Set Portillo’s Inc. (NASDAQ:PTLO) PT at $14.00

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

A number of equities analysts have weighed in on the stock. Morgan Stanley decreased 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 research note on Tuesday, January 21st. UBS Group lowered their price objective on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Stephens reissued 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, Stifel Nicolaus raised Portillo’s from a “hold” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $16.00 in a research report on Monday.

Institutional Investors Weigh In On Portillo’s

A number of institutional investors and hedge funds have recently modified their holdings of PTLO. Engaged Capital LLC increased its position in shares of Portillo’s by 121.5% during the third quarter. Engaged Capital LLC now owns 6,114,956 shares of the company’s stock worth $82,368,000 after acquiring an additional 3,354,513 shares during the period. Hodges Capital Management Inc. bought a new position in Portillo’s in the third quarter worth approximately $12,337,000. Squarepoint Ops LLC increased its holdings in Portillo’s by 307.9% during the 2nd quarter. Squarepoint Ops LLC now owns 522,580 shares of the company’s stock worth $5,079,000 after purchasing an additional 394,479 shares during the period. Millennium Management LLC raised its position in Portillo’s by 499.4% during the 2nd quarter. Millennium Management LLC now owns 392,167 shares of the company’s stock valued at $3,812,000 after purchasing an additional 326,743 shares in the last quarter. Finally, Emerald Advisers LLC lifted its holdings in shares of Portillo’s by 29.4% in the 3rd quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company’s stock worth $17,137,000 after buying an additional 288,675 shares during the period. 98.34% of the stock is owned by institutional investors.

Portillo’s Stock Performance

NASDAQ:PTLO opened at $13.94 on Tuesday. Portillo’s has a twelve month low of $8.38 and a twelve month high of $16.17. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.03 billion, a P/E ratio of 33.19, a PEG ratio of 12.23 and a beta of 1.72. The business’s 50-day moving average price is $10.57 and its two-hundred day moving average price is $11.42.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $178.25 million for the quarter, compared to analyst estimates of $182.07 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 EPS. As a group, equities analysts predict that Portillo’s will post 0.34 EPS for the current fiscal year.

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.