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

Portillo’s Inc. (NASDAQ:PTLO) has been given a consensus rating of “Hold” by the eight research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $13.71.

Several equities research analysts have issued reports on the company. Stifel Nicolaus lifted their price objective on Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Robert W. Baird restated a “neutral” rating and issued a $12.00 price target (down previously from $15.00) on shares of Portillo’s in a research note on Monday, April 7th. Piper Sandler cut their price target on shares of Portillo’s from $17.00 to $13.00 and set an “overweight” rating on the stock in a report 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, UBS Group dropped their target price on shares of Portillo’s from $15.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th.

Portillo’s Stock Performance

Portillo’s stock opened at $12.55 on Thursday. Portillo’s has a 12-month low of $8.38 and a 12-month high of $15.78. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. The company has a market capitalization of $936.27 million, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 14.77 and a beta of 1.83. The firm’s fifty day moving average price is $11.69 and its 200 day moving average price is $11.88.

Portillo’s (NASDAQ:PTLO) last announced its earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The company had revenue of $176.44 million during the quarter, compared to the consensus estimate of $180.76 million. During the same period last year, the firm earned $0.08 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. On average, research analysts forecast that Portillo’s will post 0.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Portillo’s

Several institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC boosted its position in Portillo’s by 58.3% during the 1st quarter. CWM LLC now owns 3,194 shares of the company’s stock valued at $38,000 after purchasing an additional 1,176 shares during the period. North Star Investment Management Corp. boosted its holdings in shares of Portillo’s by 137.6% during the first quarter. North Star Investment Management Corp. now owns 3,517 shares of the company’s stock valued at $42,000 after acquiring an additional 2,037 shares during the period. Hollencrest Capital Management grew its position in shares of Portillo’s by 100.0% during the fourth quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $38,000 after acquiring an additional 2,000 shares during the last quarter. Ridgewood Investments LLC bought a new position in shares of Portillo’s during the fourth quarter worth about $47,000. Finally, Comerica Bank increased its holdings in shares of Portillo’s by 172.6% in the 4th quarter. Comerica Bank now owns 5,395 shares of the company’s stock worth $51,000 after acquiring an additional 3,416 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

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.