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

Shares of Portillo’s Inc. (NASDAQ:PTLO) have been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $7.7222.

PTLO has been the subject of several analyst reports. Stephens reduced their price target on Portillo’s from $8.00 to $6.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of Portillo’s in a research report on Monday, December 22nd. Stifel Nicolaus restated a “hold” rating and set a $6.00 price objective (down from $8.00) on shares of Portillo’s in a research note on Wednesday, January 7th. Piper Sandler lifted their target price on shares of Portillo’s from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Finally, Morgan Stanley set a $7.00 target price on shares of Portillo’s in a research note on Tuesday, January 20th.

Institutional Trading of Portillo’s

Several institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in shares of Portillo’s by 731.1% in the first quarter. Royal Bank of Canada now owns 156,710 shares of the company’s stock worth $1,864,000 after purchasing an additional 137,854 shares during the last quarter. AQR Capital Management LLC bought a new position in Portillo’s during the 1st quarter valued at about $318,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 acquiring an additional 1,808 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Portillo’s during the 2nd quarter valued at about $118,000. Finally, Versor Investments LP grew its stake in shares of Portillo’s by 252.9% in the second quarter. Versor Investments LP now owns 52,222 shares of the company’s stock worth $609,000 after acquiring an additional 37,422 shares during the period. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Portillo’s Price Performance

Shares of NASDAQ PTLO opened at $5.21 on Wednesday. Portillo’s has a fifty-two week low of $4.41 and a fifty-two week high of $14.47. The company has a 50 day simple moving average of $5.38 and a two-hundred day simple moving average of $5.62. The company has a market capitalization of $392.73 million, a price-to-earnings ratio of 19.30, a P/E/G ratio of 1.96 and a beta of 1.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.22 and a current ratio of 0.27.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. The company had revenue of $185.75 million for the quarter, compared to the consensus estimate of $185.50 million. Portillo’s had a return on equity of 3.93% and a net margin of 2.64%.The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 EPS. Analysts expect that Portillo’s will post 0.35 EPS for the current fiscal year.

Portillo’s Company Profile

Portillo’s, Inc operates a fast‐casual restaurant chain best known for its Chicago‐style menu, featuring Italian beef sandwiches, Chicago‐style hot dogs, char‐grilled burgers, salads, crinkle‐cut fries and hand‐spun milkshakes. In addition to its signature sandwiches and dogs, the company offers a selection of desserts—including its famous chocolate cake and frozen custard—as well as catering services designed to bring its Midwestern flavors to corporate and social events.

The company was founded in 1963 by Dick Portillo, who opened the first Portillo’s in Villa Park, Illinois.