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

Portillo’s Inc. (NASDAQ:PTLO) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $14.00.

A number of analysts have issued reports on the stock. Stifel Nicolaus cut shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price for the company. in a research note on Wednesday, November 6th. UBS Group increased their price target on Portillo’s from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Stephens reaffirmed an “equal weight” rating and set a $13.00 price objective on shares of Portillo’s in a report on Wednesday, November 6th.

Institutional Trading of Portillo’s

Hedge funds and other institutional investors have recently modified their holdings of the stock. Engaged Capital LLC boosted its position in shares of Portillo’s by 121.5% in the 3rd quarter. Engaged Capital LLC now owns 6,114,956 shares of the company’s stock worth $82,368,000 after purchasing an additional 3,354,513 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Portillo’s by 10.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock valued at $24,086,000 after buying an additional 175,999 shares during the period. Franklin Resources Inc. grew its stake in Portillo’s by 2.6% in the third quarter. Franklin Resources Inc. now owns 1,291,846 shares of the company’s stock valued at $15,838,000 after acquiring an additional 32,810 shares during the period. Emerald Advisers LLC increased its holdings in shares of Portillo’s by 29.4% in the third quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company’s stock worth $17,137,000 after acquiring an additional 288,675 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Portillo’s by 4.0% during the third quarter. Geode Capital Management LLC now owns 1,270,142 shares of the company’s stock worth $17,113,000 after purchasing an additional 49,181 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

Portillo’s Trading Down 4.2 %

Shares of NASDAQ PTLO opened at $9.50 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. Portillo’s has a 12 month low of $8.66 and a 12 month high of $16.92. The company has a market cap of $705.09 million, a price-to-earnings ratio of 22.62, a P/E/G ratio of 11.68 and a beta of 1.68. The business has a fifty day simple moving average of $11.86 and a 200-day simple moving average of $11.26.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The firm had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. During the same period last year, the company posted $0.07 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts predict that Portillo’s will post 0.3 EPS for the current 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.