Portillo’s Inc. (NASDAQ:PTLO – Get Free Report) has earned a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $7.0227.
Several analysts have issued reports on the stock. Piper Sandler lowered their target price on shares of Portillo’s from $8.00 to $6.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Stifel Nicolaus lowered their target price on shares of Portillo’s from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Morgan Stanley lowered their target price on shares of Portillo’s from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Guggenheim cut shares of Portillo’s from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Finally, Roth Mkm set a $8.00 target price on shares of Portillo’s in a research note on Wednesday, May 6th.
Read Our Latest Report on Portillo’s
Portillo’s Stock Performance
Portillo’s (NASDAQ:PTLO – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The business had revenue of $182.62 million for the quarter, compared to analysts’ expectations of $183.27 million. Portillo’s had a net margin of 2.12% and a return on equity of 3.17%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share. On average, sell-side analysts anticipate that Portillo’s will post 0.23 earnings per share for the current year.
Insider Transactions at Portillo’s
In other news, Director Eugene I. Lee, Jr. bought 70,165 shares of the stock in a transaction on Monday, May 11th. The shares were acquired at an average cost of $4.28 per share, for a total transaction of $300,306.20. Following the purchase, the director directly owned 486,415 shares of the company’s stock, valued at $2,081,856.20. This trade represents a 16.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.34% of the stock is owned by corporate insiders.
Institutional Trading of Portillo’s
Several institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Portillo’s by 5.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,550 shares of the company’s stock worth $387,000 after purchasing an additional 1,808 shares in the last quarter. CWM LLC raised its position in shares of Portillo’s by 37.6% during the 4th quarter. CWM LLC now owns 7,216 shares of the company’s stock valued at $33,000 after buying an additional 1,973 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Portillo’s by 20.1% during the 4th quarter. ProShare Advisors LLC now owns 12,188 shares of the company’s stock valued at $55,000 after buying an additional 2,043 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Portillo’s by 69.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,426 shares of the company’s stock valued at $63,000 after buying an additional 2,227 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Portillo’s by 33.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 9,203 shares of the company’s stock valued at $58,000 after buying an additional 2,318 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other 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.
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