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

by · The Markets Daily

Shares of Portillo’s Inc. (NASDAQ:PTLO – Get Free Report) have received an average recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $13.57.

PTLO has been the topic of a number of research analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $13.00 price target on shares of Portillo’s in a research note on Wednesday, November 6th. Stifel Nicolaus lowered shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price for the company. in a report on Wednesday, November 6th. Finally, UBS Group reduced their target price on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday.

Get Our Latest Stock Report on PTLO

Portillo’s Price Performance

Shares of NASDAQ PTLO opened at $9.69 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The firm has a market cap of $719.21 million, a PE ratio of 23.07, a PEG ratio of 10.96 and a beta of 1.72. Portillo’s has a one year low of $8.38 and a one year high of $16.17. The firm has a fifty day moving average of $10.77 and a 200 day moving average of $11.17.

Portillo’s (NASDAQ:PTLO – Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The firm had revenue of $178.25 million for the quarter, compared to analyst estimates of $182.07 million. During the same period last year, the company posted $0.07 EPS. Portillo’s’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, research analysts predict that Portillo’s will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Point72 DIFC Ltd purchased a new position in Portillo’s during the second quarter worth about $29,000. NBC Securities Inc. raised its position in shares of Portillo’s by 43.5% during the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock valued at $44,000 after buying an additional 1,000 shares during the period. AdvisorShares Investments LLC acquired a new position in Portillo’s in the second quarter valued at approximately $52,000. nVerses Capital LLC purchased a new position in Portillo’s in the third quarter worth approximately $69,000. Finally, Arizona State Retirement System increased its stake in Portillo’s by 24.9% during the second quarter. Arizona State Retirement System now owns 16,354 shares of the company’s stock worth $159,000 after acquiring an additional 3,261 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

About Portillo’s

(Get Free Report

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.

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