Portillo’s Inc. (NASDAQ:PTLO) Receives Average Recommendation of “Hold” from Analysts

Portillo’s Inc. (NASDAQ:PTLO) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $14.00.

A number of equities analysts recently commented on PTLO shares. Stifel Nicolaus lowered Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price objective on the stock. in a research note on Wednesday, November 6th. Stephens reissued an “equal weight” rating and issued a $13.00 price objective on shares of Portillo’s in a report on Wednesday, November 6th. Finally, UBS Group increased their price target on shares of Portillo’s from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th.

Portillo’s Stock Down 0.9 %

NASDAQ:PTLO opened at $10.63 on Thursday. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $12.69 and its two-hundred day moving average is $11.23. The company has a market cap of $788.98 million, a PE ratio of 25.24, a P/E/G ratio of 13.23 and a beta of 1.78. Portillo’s has a twelve month low of $8.66 and a twelve month high of $16.92.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $178.25 million during the quarter, compared to analysts’ expectations of $182.07 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 earnings per share. Analysts anticipate that Portillo’s will post 0.29 EPS for the current year.

Institutional Trading of Portillo’s

A number of institutional investors have recently bought and sold shares of PTLO. Wolff Wiese Magana LLC grew its holdings in Portillo’s by 2.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 32,207 shares of the company’s stock valued at $434,000 after buying an additional 781 shares during the last quarter. Ascent Group LLC raised its holdings in Portillo’s by 8.3% in the 1st quarter. Ascent Group LLC now owns 13,100 shares of the company’s stock valued at $186,000 after acquiring an additional 1,000 shares during the last quarter. NBC Securities Inc. lifted its stake in shares of Portillo’s by 43.5% during the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock worth $44,000 after purchasing an additional 1,000 shares during the period. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Portillo’s by 7.4% during the second quarter. Mesirow Financial Investment Management Inc. now owns 22,592 shares of the company’s stock worth $220,000 after purchasing an additional 1,555 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Portillo’s by 17.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,963 shares of the company’s stock valued at $184,000 after purchasing an additional 1,917 shares during the period. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

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.