Portillo’s Inc. (NASDAQ:PTLO) Given Average Rating of “Hold” by Brokerages

Portillo’s Inc. (NASDAQ:PTLO) has been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the company, Marketbeat.com reports. Five 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 covered the stock in the last year is $13.71.

A number of research analysts recently commented on PTLO shares. UBS Group decreased their price target on Portillo’s from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Piper Sandler reduced their price target on Portillo’s from $17.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, May 7th. Robert W. Baird restated a “neutral” rating and set a $12.00 price target (down from $15.00) on shares of Portillo’s in a report on Monday, April 7th. William Blair reiterated an “outperform” rating on shares of Portillo’s in a report on Friday, May 30th. Finally, Stephens reiterated an “equal weight” rating and issued a $13.00 target price on shares of Portillo’s in a report on Wednesday, May 7th.

Insider Activity at Portillo’s

In other Portillo’s news, Director Berkshire Partners Llc sold 10,000,000 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $12.23, for a total value of $122,300,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Portillo’s

Several institutional investors have recently added to or reduced their stakes in PTLO. Hollencrest Capital Management lifted its stake in Portillo’s by 100.0% in the fourth quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock valued at $38,000 after buying an additional 2,000 shares during the period. CWM LLC lifted its stake in Portillo’s by 58.3% in the first quarter. CWM LLC now owns 3,194 shares of the company’s stock valued at $38,000 after buying an additional 1,176 shares during the period. North Star Investment Management Corp. lifted its stake in Portillo’s by 137.6% in the first quarter. North Star Investment Management Corp. now owns 3,517 shares of the company’s stock valued at $42,000 after buying an additional 2,037 shares during the period. Comerica Bank lifted its stake in Portillo’s by 172.6% in the fourth quarter. Comerica Bank now owns 5,395 shares of the company’s stock valued at $51,000 after buying an additional 3,416 shares during the period. Finally, Fund 1 Investments LLC acquired a new position in shares of Portillo’s during the fourth quarter worth approximately $53,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Portillo’s Price Performance

Shares of PTLO opened at $11.59 on Monday. The stock has a market capitalization of $867.11 million, a P/E ratio of 27.60, a P/E/G ratio of 14.77 and a beta of 1.87. Portillo’s has a twelve month low of $8.38 and a twelve month high of $15.78. The company has a 50 day moving average of $11.49 and a 200-day moving average of $11.83. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business had revenue of $176.44 million during the quarter, compared to the consensus estimate of $180.76 million. During the same quarter last year, the firm posted $0.08 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts forecast that Portillo’s will post 0.35 EPS 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.