Portillo’s Inc. (NASDAQ:PTLO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Portillo’s Inc. (NASDAQ:PTLOGet Rating) have been given an average recommendation of “Moderate Buy” by the ten research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $43.33.

PTLO has been the topic of several research reports. Morgan Stanley began coverage on shares of Portillo’s in a research report on Tuesday, June 28th. They issued an “equal weight” rating and a $19.00 price target on the stock. Robert W. Baird cut their price objective on Portillo’s from $31.00 to $26.00 in a report on Friday, May 6th.

Insider Buying and Selling at Portillo’s

In other Portillo’s news, insider Jill Francine Waite sold 44,614 shares of Portillo’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $19.10, for a total transaction of $852,127.40. Following the transaction, the insider now owns 21,900 shares of the company’s stock, valued at approximately $418,290. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Portillo’s news, insider Jill Francine Waite sold 44,614 shares of Portillo’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $19.10, for a total transaction of $852,127.40. Following the transaction, the insider now owns 21,900 shares of the company’s stock, valued at approximately $418,290. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Nicholas Anthony Scarpino sold 65,506 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $18.39, for a total value of $1,204,655.34. Following the completion of the sale, the senior vice president now directly owns 10,700 shares of the company’s stock, valued at approximately $196,773. The disclosure for this sale can be found here. Company insiders own 5.33% of the company’s stock.

Institutional Investors Weigh In On Portillo’s

Large investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Portillo’s in the 4th quarter valued at approximately $27,000. Country Trust Bank bought a new stake in shares of Portillo’s in the 4th quarter valued at approximately $29,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Portillo’s in the 4th quarter valued at approximately $32,000. Optimum Investment Advisors bought a new stake in shares of Portillo’s in the 1st quarter valued at approximately $25,000. Finally, Steph & Co. acquired a new stake in Portillo’s in the 1st quarter worth approximately $25,000. Institutional investors own 82.55% of the company’s stock.

Portillo’s Price Performance

Shares of Portillo’s stock opened at $21.44 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average price is $17.95 and its two-hundred day moving average price is $22.28. Portillo’s has a 52 week low of $14.84 and a 52 week high of $57.73.

Portillo’s Company Profile

(Get Rating)

Portillo's Inc, together with its subsidiaries, engages in the ownership and operation of fast casual and quick service 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 shakes.

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Analyst Recommendations for Portillo's (NASDAQ:PTLO)

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