Portillo’s Inc. (NASDAQ:PTLO) Receives $14.00 Consensus Target Price from Brokerages

Portillo’s Inc. (NASDAQ:PTLO) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com 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 target among brokers that have issued ratings on the stock in the last year is $14.00.

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

Portillo’s Stock Down 0.9 %

NASDAQ PTLO opened at $10.63 on Thursday. The stock 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. The business has a 50 day moving average price of $12.69 and a two-hundred day moving average price of $11.23. Portillo’s has a fifty-two week low of $8.66 and a fifty-two week high of $16.92. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $178.25 million for 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 quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share. As a group, sell-side analysts predict that Portillo’s will post 0.29 EPS for the current fiscal year.

Institutional Trading of Portillo’s

Large investors have recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC lifted its position in shares of 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 acquiring an additional 781 shares during the last quarter. Ascent Group LLC raised its position in shares of Portillo’s by 8.3% during the first quarter. Ascent Group LLC now owns 13,100 shares of the company’s stock worth $186,000 after purchasing an additional 1,000 shares during the period. NBC Securities Inc. lifted its holdings in shares of Portillo’s by 43.5% during the third quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock valued at $44,000 after purchasing an additional 1,000 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its position in shares of Portillo’s by 7.4% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 22,592 shares of the company’s stock valued at $220,000 after purchasing an additional 1,555 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Portillo’s by 17.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,963 shares of the company’s stock worth $184,000 after purchasing an additional 1,917 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

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.