Portillo’s Inc. (NASDAQ:PTLO) Receives $15.25 Average PT from Analysts

Portillo’s Inc. (NASDAQ:PTLO) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $15.25.

A number of analysts recently weighed in on PTLO shares. Stifel Nicolaus decreased their price objective on Portillo’s from $15.00 to $13.00 and set a “buy” rating for the company in a report on Friday, July 12th. Piper Sandler decreased their price objective on Portillo’s from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Bank of America decreased their price objective on Portillo’s from $20.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Morgan Stanley decreased their price objective on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Finally, Stephens restated an “overweight” rating and issued a $13.00 price objective on shares of Portillo’s in a report on Tuesday, August 6th.

Hedge Funds Weigh In On Portillo’s

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new position in Portillo’s in the 2nd quarter valued at about $29,000. Assetmark Inc. lifted its position in Portillo’s by 28.6% in the 4th quarter. Assetmark Inc. now owns 3,222 shares of the company’s stock valued at $51,000 after acquiring an additional 717 shares in the last quarter. AdvisorShares Investments LLC bought a new position in Portillo’s in the 2nd quarter valued at about $52,000. Benjamin F. Edwards & Company Inc. lifted its position in Portillo’s by 241.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,812 shares of the company’s stock valued at $54,000 after acquiring an additional 2,694 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in Portillo’s by 283.0% in the 2nd quarter. Fifth Third Bancorp now owns 13,100 shares of the company’s stock valued at $127,000 after acquiring an additional 9,680 shares in the last quarter. Institutional investors own 98.34% of the company’s stock.

Portillo’s Price Performance

Shares of NASDAQ:PTLO opened at $13.20 on Wednesday. The company has a fifty day moving average of $11.53 and a 200-day moving average of $11.34. The company has a market capitalization of $963.27 million, a PE ratio of 33.00, a price-to-earnings-growth ratio of 16.75 and a beta of 1.77. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.30 and a current ratio of 0.38. Portillo’s has a 52-week low of $8.66 and a 52-week high of $16.98.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $181.86 million during the quarter, compared to analyst estimates of $184.44 million. Portillo’s had a net margin of 3.30% and a return on equity of 5.08%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 earnings per share. On average, equities analysts predict that Portillo’s will post 0.28 EPS for the current fiscal year.

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.