Portillo’s Inc. (NASDAQ:PTLO) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Portillo’s Inc. (NASDAQ:PTLO) have received an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $13.86.

Several brokerages have commented on PTLO. Stifel Nicolaus lowered their target price on Portillo’s from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Bank of America dropped their price objective on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Stephens cut shares of Portillo’s from an “overweight” rating to an “equal weight” rating and set a $13.00 target price on the stock. in a research note on Monday, October 7th. Finally, Morgan Stanley cut their price objective on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th.

Institutional Trading of Portillo’s

Institutional investors have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd acquired a new position in shares of Portillo’s in the 2nd quarter worth approximately $29,000. NBC Securities Inc. raised its stake in Portillo’s by 43.5% during the third quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock worth $44,000 after buying an additional 1,000 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Portillo’s by 241.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,812 shares of the company’s stock valued at $54,000 after buying an additional 2,694 shares during the period. nVerses Capital LLC bought a new stake in Portillo’s during the third quarter valued at $69,000. Finally, AdvisorShares Investments LLC acquired a new stake in Portillo’s during the 2nd quarter worth about $52,000. 98.34% of the stock is currently owned by institutional investors.

Portillo’s Price Performance

PTLO stock opened at $12.89 on Friday. The company’s 50-day moving average price is $12.57 and its two-hundred day moving average price is $11.21. Portillo’s has a 12 month low of $8.66 and a 12 month high of $16.98. The company has a quick ratio of 0.30, a current ratio of 0.38 and a debt-to-equity ratio of 0.60. The firm has a market cap of $940.65 million, a P/E ratio of 32.23, a P/E/G ratio of 14.85 and a beta of 1.78.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate 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 quarter in the previous year, the company earned $0.12 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts anticipate that Portillo’s will post 0.29 earnings per share 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.