Portillo’s (NASDAQ:PTLO) Given New $7.50 Price Target at UBS Group

Portillo’s (NASDAQ:PTLO) had its price target cut by UBS Group from $9.00 to $7.50 in a research note published on Monday, MarketBeat reports. They currently have a neutral rating on the stock.

PTLO has been the subject of several other research reports. Wall Street Zen downgraded shares of Portillo’s from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Stephens set a $10.00 target price on shares of Portillo’s in a research report on Wednesday, September 10th. William Blair restated an “outperform” rating on shares of Portillo’s in a research report on Friday, May 30th. Robert W. Baird decreased their target price on shares of Portillo’s from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, September 11th. Finally, Bank of America decreased their target price on shares of Portillo’s from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, July 18th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.19.

Portillo’s Stock Down 1.1%

Portillo’s stock opened at $6.06 on Monday. The firm has a market capitalization of $456.62 million, a PE ratio of 13.47, a P/E/G ratio of 4.69 and a beta of 1.79. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.29 and a quick ratio of 0.23. The company’s 50-day moving average is $8.58 and its 200-day moving average is $10.72. Portillo’s has a fifty-two week low of $6.00 and a fifty-two week high of $15.78.

Portillo’s (NASDAQ:PTLO) last announced its earnings results on Tuesday, August 5th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $188.46 million during the quarter, compared to the consensus estimate of $197.04 million. Portillo’s had a net margin of 4.19% and a return on equity of 6.25%. Portillo’s’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 EPS. Portillo’s has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Portillo’s will post 0.35 earnings per share for the current year.

Insider Activity at Portillo’s

In other news, CFO Michelle Greig Hook acquired 40,000 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was bought at an average cost of $7.67 per share, for a total transaction of $306,800.00. Following the completion of the transaction, the chief financial officer owned 173,405 shares of the company’s stock, valued at $1,330,016.35. The trade was a 29.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Osanloo bought 11,320 shares of the company’s stock in a transaction on Friday, August 8th. The shares were bought at an average price of $7.42 per share, with a total value of $83,994.40. Following the completion of the transaction, the chief executive officer owned 63,317 shares of the company’s stock, valued at $469,812.14. The trade was a 21.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 210,570 shares of company stock worth $1,614,474. 6.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Portillo’s

A number of hedge funds have recently made changes to their positions in PTLO. Orbis Allan Gray Ltd increased its position in Portillo’s by 6.4% during the 2nd quarter. Orbis Allan Gray Ltd now owns 6,358,093 shares of the company’s stock valued at $74,199,000 after purchasing an additional 384,455 shares during the period. Alliancebernstein L.P. lifted its stake in Portillo’s by 16.8% during the 2nd quarter. Alliancebernstein L.P. now owns 5,777,921 shares of the company’s stock valued at $67,428,000 after acquiring an additional 830,460 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Portillo’s by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,563,600 shares of the company’s stock worth $41,587,000 after purchasing an additional 149,931 shares during the period. Zuckerman Investment Group LLC lifted its stake in shares of Portillo’s by 1.6% in the 2nd quarter. Zuckerman Investment Group LLC now owns 1,873,724 shares of the company’s stock worth $21,866,000 after purchasing an additional 30,031 shares during the period. Finally, Blair William & Co. IL increased its holdings in Portillo’s by 0.9% in the 2nd quarter. Blair William & Co. IL now owns 1,627,315 shares of the company’s stock worth $18,991,000 after acquiring an additional 14,303 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

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.