Brokerages Set Portillo’s Inc. (NASDAQ:PTLO) PT at $13.86

Portillo’s Inc. (NASDAQ:PTLO) has been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $13.86.

A number of equities research analysts recently issued reports on PTLO shares. Morgan Stanley decreased their price target on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Stifel Nicolaus decreased their target price on Portillo’s from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Bank of America decreased their target price on Portillo’s from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Stephens lowered Portillo’s from an “overweight” rating to an “equal weight” rating and set a $13.00 target price for the company. in a research report on Monday, October 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System increased its holdings in shares of Portillo’s by 10.4% in the 1st quarter. California State Teachers Retirement System now owns 54,329 shares of the company’s stock valued at $770,000 after acquiring an additional 5,120 shares during the period. Engaged Capital LLC increased its holdings in shares of Portillo’s by 38.7% in the 2nd quarter. Engaged Capital LLC now owns 2,760,443 shares of the company’s stock valued at $26,832,000 after acquiring an additional 770,443 shares during the period. Swiss National Bank increased its holdings in shares of Portillo’s by 17.4% in the 1st quarter. Swiss National Bank now owns 108,400 shares of the company’s stock valued at $1,537,000 after acquiring an additional 16,100 shares during the period. Entropy Technologies LP purchased a new position in shares of Portillo’s in the 1st quarter valued at $188,000. Finally, Victory Capital Management Inc. grew its stake in Portillo’s by 218.1% during the 2nd quarter. Victory Capital Management Inc. now owns 63,591 shares of the company’s stock worth $618,000 after buying an additional 43,602 shares during the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Portillo’s Price Performance

NASDAQ:PTLO opened at $12.88 on Friday. The firm has a market capitalization of $939.85 million, a price-to-earnings ratio of 33.90, a PEG ratio of 14.85 and a beta of 1.78. Portillo’s has a 1 year low of $8.66 and a 1 year high of $16.98. The business has a 50 day simple moving average of $12.55 and a 200-day simple moving average of $11.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.38 and a quick ratio of 0.30.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Portillo’s had a return on equity of 5.08% and a net margin of 3.30%. The business had revenue of $181.86 million for the quarter, compared to the consensus estimate of $184.44 million. During the same period in the prior year, the business posted $0.12 earnings per share. Portillo’s’s revenue was up 7.5% on a year-over-year basis. Equities analysts forecast that Portillo’s will post 0.29 EPS for the current year.

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.