Portillo’s Inc. (NASDAQ:PTLO) Receives $14.00 Consensus PT from Analysts

Shares of Portillo’s Inc. (NASDAQ:PTLO) have earned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $14.00.

A number of equities analysts have recently commented on the stock. 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. UBS Group lifted their target price on shares of Portillo’s from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus cut shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price target for the company. in a report on Wednesday, November 6th.

Portillo’s Trading Down 1.7 %

Shares of NASDAQ:PTLO opened at $10.12 on Monday. Portillo’s has a 1 year low of $8.66 and a 1 year high of $16.92. The firm has a fifty day moving average price of $11.99 and a 200 day moving average price of $11.27. 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 capitalization of $751.13 million, a PE ratio of 24.10, a P/E/G ratio of 12.10 and a beta of 1.69.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business had revenue of $178.25 million for the quarter, compared to analyst estimates of $182.07 million. During the same quarter in the prior year, the firm posted $0.07 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts expect that Portillo’s will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new position in shares of Portillo’s during the 2nd quarter worth approximately $29,000. NBC Securities Inc. lifted its holdings in Portillo’s by 43.5% during the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock valued at $44,000 after purchasing an additional 1,000 shares during the last quarter. AdvisorShares Investments LLC bought a new position in Portillo’s during the 2nd quarter valued at about $52,000. nVerses Capital LLC bought a new stake in Portillo’s during the third quarter worth about $69,000. Finally, Fifth Third Bancorp increased its holdings in shares of Portillo’s by 283.0% during the second quarter. Fifth Third Bancorp now owns 13,100 shares of the company’s stock worth $127,000 after buying an additional 9,680 shares in the last quarter. Institutional investors own 98.34% of the company’s stock.

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.