Portillo’s Inc. (NASDAQ:PTLO) Given Consensus Recommendation of “Hold” by Analysts

Shares of Portillo’s Inc. (NASDAQ:PTLO) have earned a consensus rating of “Hold” from the seven research firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $14.00.

Several equities research analysts have recently weighed in on PTLO shares. UBS Group upped their target price on shares of Portillo’s from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Stephens reaffirmed an “equal weight” rating and issued a $13.00 target price on shares of Portillo’s in a report on Wednesday, November 6th. Finally, Stifel Nicolaus lowered shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price on the stock. in a report on Wednesday, November 6th.

Institutional Investors Weigh In On Portillo’s

A number of hedge funds have recently added to or reduced their stakes in the stock. Engaged Capital LLC grew its holdings in Portillo’s by 121.5% during the 3rd quarter. Engaged Capital LLC now owns 6,114,956 shares of the company’s stock worth $82,368,000 after acquiring an additional 3,354,513 shares during the last quarter. Principal Financial Group Inc. lifted its position in Portillo’s by 10.9% during the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock valued at $24,086,000 after purchasing an additional 175,999 shares during the period. Franklin Resources Inc. lifted its position in Portillo’s by 2.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,291,846 shares of the company’s stock valued at $15,838,000 after purchasing an additional 32,810 shares during the period. Emerald Advisers LLC lifted its position in Portillo’s by 29.4% during the 3rd quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company’s stock valued at $17,137,000 after purchasing an additional 288,675 shares during the period. Finally, Geode Capital Management LLC lifted its position in Portillo’s by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,270,142 shares of the company’s stock valued at $17,113,000 after purchasing an additional 49,181 shares during the period. Institutional investors own 98.34% of the company’s stock.

Portillo’s Trading Down 4.2 %

Shares of Portillo’s stock opened at $9.50 on Monday. The firm has a market capitalization of $705.09 million, a PE ratio of 22.62, a price-to-earnings-growth ratio of 10.96 and a beta of 1.68. 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’s fifty day moving average price is $11.86 and its two-hundred day moving average price is $11.27. Portillo’s has a 52-week low of $8.66 and a 52-week high of $16.92.

Portillo’s (NASDAQ:PTLO) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The business had revenue of $178.25 million for the quarter, compared to analyst estimates of $182.07 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts expect that Portillo’s will post 0.3 EPS for the current 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.