Analysts Set Portillo’s Inc. (NASDAQ:PTLO) Target Price at $8.50

Portillo’s Inc. (NASDAQ:PTLO) has received an average recommendation of “Hold” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $8.50.

A number of brokerages recently weighed in on PTLO. Jefferies Financial Group reissued a “hold” rating and issued a $6.00 price target (down from $10.00) on shares of Portillo’s in a report on Monday, October 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $6.00 target price (down from $8.00) on shares of Portillo’s in a research note on Wednesday, January 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Portillo’s in a research report on Monday, December 22nd. UBS Group decreased their price target on shares of Portillo’s from $6.00 to $5.50 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. Finally, Stephens dropped their price objective on Portillo’s from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th.

Portillo’s Stock Performance

PTLO stock opened at $5.51 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.27 and a debt-to-equity ratio of 0.49. The firm has a market cap of $415.34 million, a PE ratio of 15.31, a P/E/G ratio of 6.53 and a beta of 1.74. The business has a 50 day moving average of $4.83 and a 200-day moving average of $6.73. Portillo’s has a 12-month low of $4.41 and a 12-month high of $15.78.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The business had revenue of $181.43 million during the quarter, compared to analysts’ expectations of $179.77 million. Portillo’s had a return on equity of 4.99% and a net margin of 3.35%. As a group, sell-side analysts expect that Portillo’s will post 0.35 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Portillo’s during the 2nd quarter valued at $6,537,000. CenterStar Asset Management LLC boosted its stake in Portillo’s by 375.5% in the 2nd quarter. CenterStar Asset Management LLC now owns 52,300 shares of the company’s stock worth $611,000 after purchasing an additional 41,300 shares during the period. Cooper Investors PTY Ltd. grew its holdings in Portillo’s by 34.2% during the 2nd quarter. Cooper Investors PTY Ltd. now owns 311,566 shares of the company’s stock valued at $3,636,000 after buying an additional 79,383 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Portillo’s during the second quarter valued at about $4,668,000. Finally, Bastion Asset Management Inc. bought a new stake in shares of Portillo’s during the second quarter valued at about $1,665,000. Institutional investors own 98.34% of the company’s stock.

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.