Portillo’s Inc. (NASDAQ:PTLO) Given Consensus Recommendation of “Hold” by Analysts

Portillo’s Inc. (NASDAQ:PTLO) has been given a consensus recommendation of “Hold” by the twelve research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $10.1667.

Several brokerages recently issued reports on PTLO. Weiss Ratings reiterated a “sell (d+)” rating on shares of Portillo’s in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Portillo’s from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Guggenheim decreased their price target on shares of Portillo’s from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, July 8th. Jefferies Financial Group reiterated a “hold” rating and issued a $6.00 price target (down from $10.00) on shares of Portillo’s in a research report on Monday, October 13th. Finally, UBS Group decreased their price objective on shares of Portillo’s from $9.00 to $7.50 and set a “neutral” rating on the stock in a research report on Monday, September 15th.

Portillo’s Stock Down 4.1%

Portillo’s stock opened at $5.36 on Thursday. Portillo’s has a 1-year low of $5.27 and a 1-year high of $15.78. 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 stock has a market cap of $403.87 million, a PE ratio of 11.91, a P/E/G ratio of 4.90 and a beta of 1.75. The stock’s fifty day moving average is $6.36 and its two-hundred day moving average is $9.31.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. The company had revenue of $188.46 million during 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 business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Portillo’s has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Portillo’s will post 0.35 EPS for the current fiscal year.

Insider Activity at Portillo’s

In other Portillo’s news, CEO Michael Osanloo purchased 11,320 shares of Portillo’s stock in a transaction dated Friday, August 8th. The stock was acquired at an average price of $7.42 per share, for a total transaction of $83,994.40. Following the acquisition, the chief executive officer owned 63,317 shares in the company, valued at $469,812.14. This trade represents a 21.77% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michelle Greig Hook acquired 40,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was acquired at an average cost of $7.67 per share, for a total transaction of $306,800.00. Following the completion of the acquisition, the chief financial officer directly owned 173,405 shares in the company, valued at approximately $1,330,016.35. The trade was a 29.98% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 210,570 shares of company stock worth $1,614,474. Corporate insiders own 6.14% of the company’s stock.

Institutional Investors Weigh In On Portillo’s

Several large investors have recently added to or reduced their stakes in the stock. CWM LLC raised 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 worth $38,000 after purchasing an additional 1,176 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Portillo’s by 135.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,596 shares of the company’s stock worth $30,000 after buying an additional 1,495 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Portillo’s by 2.2% during the first quarter. Rhumbline Advisers now owns 82,605 shares of the company’s stock worth $982,000 after buying an additional 1,744 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Portillo’s by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,550 shares of the company’s stock worth $387,000 after buying an additional 1,808 shares in the last quarter. Finally, Lakewood Asset Management LLC grew its holdings in shares of Portillo’s by 1.5% during the third quarter. Lakewood Asset Management LLC now owns 137,065 shares of the company’s stock worth $884,000 after buying an additional 2,016 shares in the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

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.