Analysts Set Portillo’s Inc. (NASDAQ:PTLO) Target Price at $7.02

Shares of Portillo’s Inc. (NASDAQ:PTLO) have been given an average rating of “Hold” by the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $7.0227.

Several research analysts have issued reports on the company. Stifel Nicolaus reduced their price objective on Portillo’s from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. DA Davidson began coverage on Portillo’s in a research report on Friday, March 6th. They set a “neutral” rating and a $5.50 target price for the company. Piper Sandler cut their price target on Portillo’s from $8.00 to $6.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings cut Portillo’s from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Finally, Robert W. Baird set a $5.25 price objective on Portillo’s in a research report on Wednesday, May 6th.

Portillo’s Trading Down 1.7%

Shares of NASDAQ PTLO opened at $4.03 on Monday. Portillo’s has a 1-year low of $3.81 and a 1-year high of $12.44. The company has a 50-day moving average of $5.27 and a two-hundred day moving average of $5.19. The company has a market cap of $305.51 million, a PE ratio of 19.19, a P/E/G ratio of 0.61 and a beta of 1.72. The company has a current ratio of 0.26, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $182.62 million for the quarter, compared to the consensus estimate of $183.27 million. Portillo’s had a net margin of 2.12% and a return on equity of 3.17%. Portillo’s’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $0.05 earnings per share. As a group, equities analysts expect that Portillo’s will post 0.22 earnings per share for the current fiscal year.

Insider Activity

In other Portillo’s news, Director Eugene I. Lee, Jr. bought 286,000 shares of Portillo’s stock in a transaction dated Friday, March 13th. The shares were bought at an average price of $5.18 per share, with a total value of $1,481,480.00. Following the purchase, the director owned 416,250 shares of the company’s stock, valued at $2,156,175. This trade represents a 219.58% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 6.34% of the company’s stock.

Hedge Funds Weigh In On Portillo’s

A number of hedge funds and other institutional investors have recently bought and sold shares of PTLO. Millennium Management LLC bought a new stake in Portillo’s in the fourth quarter valued at about $10,350,000. Engaged Capital LLC boosted its holdings in Portillo’s by 124.3% during the first quarter. Engaged Capital LLC now owns 3,442,990 shares of the company’s stock worth $18,213,000 after buying an additional 1,908,000 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Portillo’s by 16.8% during the second quarter. Alliancebernstein L.P. now owns 5,777,921 shares of the company’s stock worth $67,428,000 after buying an additional 830,460 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Portillo’s by 133.5% during the 4th quarter. Renaissance Technologies LLC now owns 1,204,897 shares of the company’s stock worth $5,470,000 after buying an additional 688,800 shares during the period. Finally, Bridgeway Capital Management LLC bought a new stake in shares of Portillo’s in the 3rd quarter valued at about $2,609,000. 98.34% of the stock is owned by institutional investors.

Portillo’s Company Profile

Portillo’s, Inc operates a fast?casual restaurant chain best known for its Chicago?style menu, featuring Italian beef sandwiches, Chicago?style hot dogs, char?grilled burgers, salads, crinkle?cut fries and hand?spun milkshakes. In addition to its signature sandwiches and dogs, the company offers a selection of desserts—including its famous chocolate cake and frozen custard—as well as catering services designed to bring its Midwestern flavors to corporate and social events.

The company was founded in 1963 by Dick Portillo, who opened the first Portillo’s in Villa Park, Illinois.