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

Shares of Portillo’s Inc. (NASDAQ:PTLO) have been given an average rating of “Hold” by the seven research firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $14.00.

PTLO has been the topic of several research reports. Stifel Nicolaus downgraded shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price target on the stock. in a research note on Wednesday, November 6th. Stephens restated an “equal weight” rating and set a $13.00 price objective on shares of Portillo’s in a research report on Wednesday, November 6th. Finally, UBS Group raised their target price on Portillo’s from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PTLO. Swiss National Bank increased its stake in shares of Portillo’s by 17.4% in the first quarter. Swiss National Bank now owns 108,400 shares of the company’s stock valued at $1,537,000 after buying an additional 16,100 shares during the period. Entropy Technologies LP bought a new position in shares of Portillo’s during the first quarter valued at $188,000. Vanguard Group Inc. lifted its holdings in Portillo’s by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 5,402,242 shares of the company’s stock worth $76,604,000 after buying an additional 700,583 shares during the period. Brant Point Investment Management LLC bought a new stake in shares of Portillo’s in the 1st quarter valued at about $342,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Portillo’s by 17.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,963 shares of the company’s stock valued at $184,000 after buying an additional 1,917 shares during the period. 98.34% of the stock is currently owned by institutional investors.

Portillo’s Price Performance

NASDAQ:PTLO opened at $10.91 on Thursday. The stock has a market capitalization of $796.10 million, a PE ratio of 25.98, a P/E/G ratio of 13.23 and a beta of 1.78. Portillo’s has a 1-year low of $8.66 and a 1-year high of $16.92. The firm has a fifty day simple moving average of $12.74 and a 200 day simple moving average of $11.24. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The company had revenue of $178.25 million for the quarter, compared to analyst estimates of $182.07 million. During the same period in the previous year, the business earned $0.07 EPS. Portillo’s’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts expect that Portillo’s will post 0.29 EPS for the current fiscal 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.