Portillo’s Inc. (NASDAQ:PTLO) Stock Has Average Price Target of $5.66

Shares of Portillo’s Inc. (NASDAQ:PTLO) have earned a consensus recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $5.66.

PTLO has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Portillo’s in a research note on Monday, August 3rd. Stephens reissued an “equal weight” rating and set a $5.00 price objective on shares of Portillo’s in a report on Thursday, October 15th. Wall Street Zen downgraded Portillo’s from a “hold” rating to a “sell” rating in a research report on Saturday, October 17th. Robert W. Baird upgraded Portillo’s to a “hold” rating in a research note on Monday, August 24th. Finally, UBS Group decreased their price objective on Portillo’s from $5.50 to $4.50 and set a “neutral” rating on the stock in a research note on Friday, October 9th.

Insider Transactions at Portillo’s

In other Portillo’s news, Director I Jr purchased 65,355 shares of Portillo’s stock in a transaction on Wednesday, August 12th. The shares were acquired at an average cost of $4.59 per share, for a total transaction of $299,979.45. Following the completion of the transaction, the director directly owned 551,770 shares of the company’s stock, valued at approximately $2,532,624.30. The trade was a 13.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 6.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Engaged Capital LLC lifted its stake in shares of Portillo’s by 124.3% in the 1st quarter. Engaged Capital LLC now owns 3,442,990 shares of the company’s stock valued at $18,213,000 after purchasing an additional 1,908,000 shares during the period. State Street Corp raised its position in shares of Portillo’s by 12.9% in the 2nd quarter. State Street Corp now owns 1,454,163 shares of the company’s stock worth $6,893,000 after purchasing an additional 166,617 shares during the last quarter. Bank of America Corp DE boosted its stake in Portillo’s by 3.3% in the 1st quarter. Bank of America Corp DE now owns 704,602 shares of the company’s stock worth $3,727,000 after purchasing an additional 22,744 shares in the last quarter. Corient Private Wealth LP boosted its stake in Portillo’s by 501.5% in the 2nd quarter. Corient Private Wealth LP now owns 269,248 shares of the company’s stock worth $1,276,000 after purchasing an additional 224,486 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in Portillo’s by 1.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 263,381 shares of the company’s stock worth $1,393,000 after purchasing an additional 2,487 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Portillo’s Stock Performance

NASDAQ:PTLO opened at $4.32 on Thursday. The stock’s 50-day simple moving average is $4.25 and its 200 day simple moving average is $4.55. Portillo’s has a twelve month low of $3.29 and a twelve month high of $6.69. The company has a quick ratio of 0.20, a current ratio of 0.26 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $328.07 million, a PE ratio of 24.00, a price-to-earnings-growth ratio of 0.97 and a beta of 1.58.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $198.95 million during the quarter, compared to the consensus estimate of $199.22 million. Portillo’s had a net margin of 1.85% and a return on equity of 2.78%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 earnings per share. On average, analysts anticipate that Portillo’s will post 0.19 EPS for the current fiscal year.

About Portillo’s

Portillo’s, Inc operates a chain of fast-casual restaurants known for Chicago-style food. Its menu features Chicago-style hot dogs, Italian beef and sausage sandwiches, burgers, chicken sandwiches, salads, French fries, milkshakes and its signature chocolate cake.

The company serves customers through company-operated restaurants, drive-thru lanes, takeout and delivery services, as well as catering. Portillo’s restaurants are concentrated in the Midwest and have expanded into select Sun Belt markets, including Arizona and Florida.

Portillo’s traces its origins to 1963, when founder Dick Portillo opened a small hot dog stand called The Dog House in Villa Park, Illinois.