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

Shares of Portillo’s Inc. (NASDAQ:PTLO) have been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $13.57.

A number of brokerages have weighed in on PTLO. UBS Group reduced their price target on Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday. Stephens reissued an “equal weight” rating and set a $13.00 price target on shares of Portillo’s in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus lowered 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.

Portillo’s Price Performance

Shares of NASDAQ:PTLO opened at $9.20 on Friday. The business’s fifty day moving average price is $10.62 and its two-hundred day moving average price is $11.15. The stock has a market cap of $682.84 million, a PE ratio of 21.90, a price-to-earnings-growth ratio of 10.96 and a beta of 1.72. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. Portillo’s has a one year low of $8.38 and a one year high of $16.17.

Portillo’s (NASDAQ:PTLO) last announced its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $178.25 million for the quarter, compared to analysts’ expectations of $182.07 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. Portillo’s’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 EPS. On average, analysts forecast that Portillo’s will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in Portillo’s by 28.2% in the second quarter. Bank of New York Mellon Corp now owns 211,870 shares of the company’s stock valued at $2,059,000 after purchasing an additional 46,650 shares during the period. Principal Financial Group Inc. raised its position in Portillo’s by 2.5% in the second quarter. Principal Financial Group Inc. now owns 1,612,114 shares of the company’s stock valued at $15,670,000 after purchasing an additional 39,466 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Portillo’s in the second quarter valued at about $236,000. Rhumbline Advisers raised its position in Portillo’s by 24.7% in the second quarter. Rhumbline Advisers now owns 75,392 shares of the company’s stock valued at $733,000 after purchasing an additional 14,948 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Portillo’s by 218.1% during the second quarter. Victory Capital Management Inc. now owns 63,591 shares of the company’s stock valued at $618,000 after acquiring an additional 43,602 shares in the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

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.