Portillos Inc (NASDAQ:PTLO) Receives $47.00 Consensus Target Price from Brokerages

Portillos Inc (NASDAQ:PTLOGet Rating) has earned a consensus rating of “Hold” from the ten research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $47.00.

Several analysts have recently weighed in on the stock. Robert W. Baird decreased their price target on shares of Portillos from $42.00 to $31.00 in a research note on Friday, March 11th. Piper Sandler decreased their price target on shares of Portillos from $55.00 to $28.00 and set an “overweight” rating for the company in a research note on Friday, March 11th. Finally, Zacks Investment Research downgraded shares of Portillos from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTLO. Select Equity Group L.P. purchased a new position in Portillos in the fourth quarter worth $141,599,000. BlackRock Inc. purchased a new position in Portillos in the fourth quarter worth $65,612,000. Alliancebernstein L.P. purchased a new position in Portillos in the fourth quarter worth $41,125,000. Principal Financial Group Inc. purchased a new position in Portillos in the fourth quarter worth $28,882,000. Finally, Blair William & Co. IL purchased a new position in Portillos in the fourth quarter worth $28,523,000. 13.98% of the stock is currently owned by institutional investors and hedge funds.

Portillos stock opened at $22.25 on Thursday. The company’s 50 day moving average is $24.43. The company has a quick ratio of 0.79, a current ratio of 0.88 and a debt-to-equity ratio of 0.75. Portillos has a fifty-two week low of $21.38 and a fifty-two week high of $57.73.

Portillos (NASDAQ:PTLOGet Rating) last posted its quarterly earnings results on Thursday, March 10th. The company reported ($0.52) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.42) by ($0.10). The firm had revenue of $138.91 million for the quarter, compared to analysts’ expectations of $139.48 million. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. On average, sell-side analysts predict that Portillos will post 0.14 EPS for the current year.

About Portillos (Get Rating)

Portillo’s Inc provide fast-casual restaurant concept known for its menu of Chicago-style favorites. Portillo’s Inc is based in CHICAGO.

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