Portillo’s Inc. (NASDAQ:PTLO) Receives $16.13 Average Price Target from Brokerages

Shares of Portillo’s Inc. (NASDAQ:PTLO) have earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $15.25.

A number of analysts have recently issued reports on the company. Piper Sandler dropped their price target on Portillo’s from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, June 14th. UBS Group dropped their target price on shares of Portillo’s from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Robert W. Baird decreased their price target on shares of Portillo’s from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Morgan Stanley dropped their price objective on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Finally, Stifel Nicolaus cut their target price on shares of Portillo’s from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, July 12th.

Institutional Investors Weigh In On Portillo’s

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC grew its holdings in shares of Portillo’s by 1,493.0% during the 4th quarter. International Assets Investment Management LLC now owns 1,593 shares of the company’s stock valued at $25,000 after purchasing an additional 1,493 shares during the last quarter. Assetmark Inc. boosted its position in Portillo’s by 28.6% during the fourth quarter. Assetmark Inc. now owns 3,222 shares of the company’s stock valued at $51,000 after buying an additional 717 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of Portillo’s by 241.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,812 shares of the company’s stock valued at $54,000 after buying an additional 2,694 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Portillo’s during the fourth quarter valued at about $71,000. Finally, AdvisorShares Investments LLC purchased a new position in shares of Portillo’s in the second quarter worth about $52,000. 98.34% of the stock is currently owned by institutional investors.

Portillo’s Stock Up 0.7 %

PTLO opened at $10.78 on Tuesday. The firm has a market capitalization of $786.62 million, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 5.34 and a beta of 1.73. Portillo’s has a one year low of $8.66 and a one year high of $19.35. The company has a fifty day moving average price of $9.81 and a 200-day moving average price of $11.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.36 and a quick ratio of 0.29.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $181.86 million for the quarter, compared to the consensus estimate of $184.44 million. Portillo’s had a net margin of 3.30% and a return on equity of 5.11%. Portillo’s’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 EPS. Equities research analysts expect that Portillo’s will post 0.32 earnings per share for the current fiscal year.

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.