Portillo’s Inc. (NASDAQ:PTLO) Receives $14.29 Average Price Target from Brokerages

Portillo’s Inc. (NASDAQ:PTLO) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $14.29.

Several equities analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, February 28th. UBS Group decreased their price target on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Stephens upped their price objective on shares of Portillo’s from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Finally, Morgan Stanley decreased their target price on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st.

Portillo’s Trading Down 2.6 %

Portillo’s stock opened at $12.42 on Wednesday. The company has a 50 day moving average price of $13.59 and a 200 day moving average price of $12.23. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. Portillo’s has a 52 week low of $8.38 and a 52 week high of $15.78. The firm has a market capitalization of $926.57 million, a price-to-earnings ratio of 29.57, a P/E/G ratio of 14.77 and a beta of 1.80.

Portillo’s (NASDAQ:PTLO) last issued its earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.02 by $0.15. The business had revenue of $184.61 million during the quarter, compared to analysts’ expectations of $185.16 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. Portillo’s’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share. Research analysts forecast that Portillo’s will post 0.35 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Engaged Capital LLC lifted its position 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. Hodges Capital Management Inc. bought a new position in shares of Portillo’s in the third quarter worth about $12,337,000. Dimensional Fund Advisors LP increased its stake in shares of Portillo’s by 139.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,102,103 shares of the company’s stock worth $10,360,000 after purchasing an additional 641,273 shares during the period. Bamco Inc. NY acquired a new position in shares of Portillo’s during the 4th quarter worth about $4,105,000. Finally, Chicago Partners Investment Group LLC bought a new stake in Portillo’s during the 4th quarter valued at approximately $2,590,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

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.