Portillo’s Inc. (NASDAQ:PTLO) Receives $9.78 Consensus Target Price from Analysts

by · The Markets Daily

Shares of Portillo’s Inc. (NASDAQ:PTLO – Get Free Report) have earned an average recommendation of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $9.7778.

A number of analysts have recently commented on the stock. Morgan Stanley set a $9.00 target price on shares of Portillo’s in a research note on Tuesday, October 21st. Robert W. Baird cut their price objective on Portillo’s from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. UBS Group reduced their target price on Portillo’s from $7.50 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Bank of America reaffirmed a “neutral” rating and issued a $7.00 price target (down from $14.00) on shares of Portillo’s in a research note on Monday, October 6th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Portillo’s in a report on Wednesday, October 8th.

Get Our Latest Report on PTLO

Institutional Trading of Portillo’s

Large investors have recently added to or reduced their stakes in the stock. CIBC Bancorp USA Inc. acquired a new stake in Portillo’s during the 3rd quarter worth approximately $67,000. GM Advisory Group LLC acquired a new stake in Portillo’s in the 3rd quarter valued at about $1,935,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Portillo’s in the 3rd quarter valued at about $93,000. Brevan Howard Capital Management LP boosted its stake in shares of Portillo’s by 1,628.4% in the 3rd quarter. Brevan Howard Capital Management LP now owns 234,335 shares of the company’s stock valued at $1,511,000 after buying an additional 220,777 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of Portillo’s by 133.9% during the third quarter. Raymond James Financial Inc. now owns 168,118 shares of the company’s stock worth $1,084,000 after buying an additional 96,243 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Portillo’s Trading Up 1.6%

Shares of NASDAQ:PTLO opened at $5.21 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.27 and a debt-to-equity ratio of 0.49. Portillo’s has a 52-week low of $4.58 and a 52-week high of $15.78. The stock has a market cap of $392.73 million, a price-to-earnings ratio of 14.47, a PEG ratio of 5.56 and a beta of 1.73. The business has a 50-day moving average price of $5.64 and a 200-day moving average price of $8.46.

Portillo’s (NASDAQ:PTLO – Get Free Report) last issued its earnings results on Tuesday, November 4th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). The business had revenue of $181.43 million for the quarter, compared to analysts’ expectations of $179.77 million. Portillo’s had a return on equity of 4.99% and a net margin of 3.35%. Equities analysts predict that Portillo’s will post 0.35 EPS for the current year.

Portillo’s Company Profile

(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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