Portillo’s Inc. (NASDAQ:PTLO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Portillo’s Inc. (NASDAQ:PTLO) have been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $14.00.

Several equities analysts have recently weighed in on the company. UBS Group decreased their price objective on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Stephens reaffirmed an “equal weight” rating and set a $13.00 price target on shares of Portillo’s in a research report on Wednesday, November 6th. Stifel Nicolaus upgraded Portillo’s from a “hold” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $16.00 in a research note on Monday. Finally, Morgan Stanley lowered their target price on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st.

Institutional Trading of Portillo’s

A number of hedge funds have recently modified their holdings of the stock. Point72 DIFC Ltd bought a new position in Portillo’s in the 2nd quarter valued at about $29,000. NBC Securities Inc. grew its position in shares of Portillo’s by 43.5% in 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. Ridgewood Investments LLC bought a new position in shares of Portillo’s during the fourth quarter worth approximately $47,000. nVerses Capital LLC acquired a new stake in Portillo’s during the 3rd quarter worth approximately $69,000. Finally, Sonora Investment Management Group LLC bought a new stake in Portillo’s in the 4th quarter valued at $98,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Portillo’s Stock Up 7.2 %

Shares of Portillo’s stock opened at $13.39 on Tuesday. Portillo’s has a 52-week low of $8.38 and a 52-week high of $16.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The business’s 50 day simple moving average is $10.31 and its 200 day simple moving average is $11.32. The firm has a market cap of $993.83 million, a PE ratio of 31.88, a P/E/G ratio of 12.23 and a beta of 1.72.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $178.25 million for the quarter, compared to analyst estimates 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 firm posted $0.07 earnings per share. On average, analysts predict that Portillo’s will post 0.34 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.