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

Shares of Portillo’s Inc. (NASDAQ:PTLO) have earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $14.00.

A number of equities research analysts recently weighed in on the stock. Baird R W cut shares of Portillo’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Piper Sandler dropped their price objective on shares of Portillo’s from $17.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 7th. UBS Group dropped their price objective on shares of Portillo’s from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Morgan Stanley set a $12.00 price objective on shares of Portillo’s in a research note on Monday, April 14th. Finally, Bank of America dropped their price objective on shares of Portillo’s from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday.

Portillo’s Trading Down 2.8%

Shares of NASDAQ PTLO opened at $10.88 on Tuesday. The stock has a market capitalization of $814.04 million, a P/E ratio of 25.30, a PEG ratio of 8.59 and a beta of 1.83. The business’s 50 day moving average is $11.75 and its two-hundred day moving average is $12.19. Portillo’s has a 1-year low of $8.38 and a 1-year high of $15.78. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.25 and a quick ratio of 0.21.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $176.44 million for the quarter, compared to the consensus estimate of $180.76 million. Portillo’s had a return on equity of 5.87% and a net margin of 3.92%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 earnings per share. As a group, research analysts expect that Portillo’s will post 0.35 EPS for the current year.

Insider Buying and Selling

In related news, Director Berkshire Partners Llc sold 10,000,000 shares of the firm’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $12.23, for a total transaction of $122,300,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Portillo’s

Hedge funds have recently made changes to their positions in the stock. Orbis Allan Gray Ltd increased its stake in shares of Portillo’s by 4.1% in the 1st quarter. Orbis Allan Gray Ltd now owns 5,973,638 shares of the company’s stock valued at $71,027,000 after acquiring an additional 234,475 shares in the last quarter. Vanguard Group Inc. grew its position in Portillo’s by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 5,571,434 shares of the company’s stock valued at $52,371,000 after buying an additional 97,801 shares during the period. Alliancebernstein L.P. grew its position in Portillo’s by 10,963.2% during the first quarter. Alliancebernstein L.P. now owns 4,947,461 shares of the company’s stock valued at $58,825,000 after buying an additional 4,902,741 shares during the period. Ameriprise Financial Inc. grew its position in Portillo’s by 53.6% during the first quarter. Ameriprise Financial Inc. now owns 3,413,669 shares of the company’s stock valued at $40,590,000 after buying an additional 1,191,443 shares during the period. Finally, Zuckerman Investment Group LLC grew its position in Portillo’s by 6.9% during the fourth quarter. Zuckerman Investment Group LLC now owns 1,944,983 shares of the company’s stock valued at $18,283,000 after buying an additional 125,073 shares during the period. 98.34% of the stock is currently owned by institutional investors and hedge funds.

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.