Portillo’s (NASDAQ:PTLO) Given “Neutral” Rating at Bank of America

Bank of America reissued their neutral rating on shares of Portillo’s (NASDAQ:PTLO) in a research note published on Monday, Marketbeat reports. The brokerage currently has a $7.00 price target on the stock, down from their previous price target of $14.00.

PTLO has been the topic of a number of other reports. UBS Group decreased their price target on Portillo’s from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Monday, September 15th. 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 note on Thursday, September 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Portillo’s in a report on Saturday, September 27th. Morgan Stanley cut their price target on shares of Portillo’s from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 6th. Finally, Wall Street Zen lowered shares of Portillo’s from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.06.

Portillo’s Price Performance

Shares of NASDAQ:PTLO opened at $6.47 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.29 and a debt-to-equity ratio of 0.49. The stock has a market cap of $487.51 million, a PE ratio of 14.38, a PEG ratio of 5.39 and a beta of 1.75. The company’s fifty day moving average is $7.15 and its 200 day moving average is $10.01. Portillo’s has a 52 week low of $6.00 and a 52 week high of $15.78.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The firm had revenue of $188.46 million for the quarter, compared to analysts’ expectations of $197.04 million. Portillo’s had a return on equity of 6.25% and a net margin of 4.19%.The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.10 earnings per share. Portillo’s has set its FY 2025 guidance at EPS. Research analysts anticipate that Portillo’s will post 0.35 earnings per share for the current year.

Insider Activity at Portillo’s

In related news, CFO Michelle Greig Hook bought 40,000 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were purchased at an average price of $7.67 per share, with a total value of $306,800.00. Following the purchase, the chief financial officer owned 173,405 shares of the company’s stock, valued at approximately $1,330,016.35. This trade represents a 29.98% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Kelly M. Kaiser purchased 27,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average cost of $7.68 per share, with a total value of $207,360.00. Following the completion of the purchase, the general counsel owned 68,495 shares of the company’s stock, valued at $526,041.60. This represents a 65.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 210,570 shares of company stock worth $1,614,474. 6.14% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PTLO. CWM LLC boosted its position in shares of Portillo’s by 58.3% during the first quarter. CWM LLC now owns 3,194 shares of the company’s stock valued at $38,000 after purchasing an additional 1,176 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Portillo’s by 135.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,596 shares of the company’s stock valued at $30,000 after buying an additional 1,495 shares during the period. Rhumbline Advisers lifted its position in Portillo’s by 2.2% during the first quarter. Rhumbline Advisers now owns 82,605 shares of the company’s stock valued at $982,000 after buying an additional 1,744 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Portillo’s by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,550 shares of the company’s stock valued at $387,000 after buying an additional 1,808 shares in the last quarter. Finally, North Star Investment Management Corp. grew its position in shares of Portillo’s by 137.6% in the 1st quarter. North Star Investment Management Corp. now owns 3,517 shares of the company’s stock worth $42,000 after buying an additional 2,037 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

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.