Portillo’s Inc. (NASDAQ:PTLO) Receives Average Recommendation of “Hold” from Analysts

Portillo’s Inc. (NASDAQ:PTLOGet Free Report) has been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $14.00.

PTLO has been the subject of several recent research reports. UBS Group boosted their price objective on Portillo’s from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Stifel Nicolaus downgraded shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price target for the company. in a research note on Wednesday, November 6th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $13.00 price objective on shares of Portillo’s in a research note on Wednesday, November 6th.

View Our Latest Analysis on Portillo’s

Hedge Funds Weigh In On Portillo’s

A number of hedge funds and other institutional investors have recently made changes to their positions in PTLO. Price T Rowe Associates Inc. MD raised its stake in Portillo’s by 17.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,963 shares of the company’s stock worth $184,000 after buying an additional 1,917 shares during the period. California State Teachers Retirement System raised its position in shares of Portillo’s by 10.4% during the first quarter. California State Teachers Retirement System now owns 54,329 shares of the company’s stock worth $770,000 after purchasing an additional 5,120 shares during the period. Mesirow Financial Investment Management Inc. raised its position in shares of Portillo’s by 7.4% during the second quarter. Mesirow Financial Investment Management Inc. now owns 22,592 shares of the company’s stock worth $220,000 after purchasing an additional 1,555 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Portillo’s by 283.0% during the 2nd quarter. Fifth Third Bancorp now owns 13,100 shares of the company’s stock valued at $127,000 after purchasing an additional 9,680 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Portillo’s by 28.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 211,870 shares of the company’s stock valued at $2,059,000 after purchasing an additional 46,650 shares during the period. 98.34% of the stock is owned by institutional investors.

Portillo’s Price Performance

Shares of PTLO stock opened at $10.49 on Monday. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $778.57 million, a price-to-earnings ratio of 24.98, a PEG ratio of 12.24 and a beta of 1.68. The firm’s 50 day moving average is $12.16 and its 200-day moving average is $11.27. Portillo’s has a 1 year low of $8.66 and a 1 year high of $16.92.

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

Further Reading

Analyst Recommendations for Portillo's (NASDAQ:PTLO)

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