Portillo’s Inc. (NASDAQ:PTLO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Portillo’s Inc. (NASDAQ:PTLO) have received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $14.00.

Several analysts recently weighed in on PTLO shares. Stifel Nicolaus upgraded shares of Portillo’s from a “hold” rating to a “buy” rating and lifted their price objective for the company from $13.00 to $16.00 in a research report on Monday, January 27th. Stephens reaffirmed an “equal weight” rating and set a $13.00 price target on shares of Portillo’s in a report on Wednesday, November 6th. UBS Group decreased their price objective on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Morgan Stanley lowered their target price on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Portillo’s by 14.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 86,281 shares of the company’s stock valued at $811,000 after purchasing an additional 10,723 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Portillo’s by 109.9% in the fourth quarter. Woodline Partners LP now owns 379,672 shares of the company’s stock valued at $3,569,000 after buying an additional 198,830 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of Portillo’s in the fourth quarter valued at $152,000. Two Sigma Investments LP bought a new position in Portillo’s during the fourth quarter valued at about $1,827,000. Finally, Select Equity Group L.P. grew its holdings in Portillo’s by 19.4% during the fourth quarter. Select Equity Group L.P. now owns 138,150 shares of the company’s stock worth $1,299,000 after acquiring an additional 22,459 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

Portillo’s Stock Performance

PTLO stock opened at $13.70 on Friday. Portillo’s has a 1 year low of $8.38 and a 1 year high of $16.17. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 32.62, a PEG ratio of 15.05 and a beta of 1.82. 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 stock’s fifty day moving average is $11.84 and its two-hundred day moving average is $11.97.

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.