Portillo’s Inc. (NASDAQ:PTLO) Given Average Rating of “Hold” by Brokerages

Shares of Portillo’s Inc. (NASDAQ:PTLO) have received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $7.7222.

Several brokerages have recently weighed in on PTLO. UBS Group reduced their target price on shares of Portillo’s from $6.00 to $5.50 and set a “neutral” rating on the stock in a research note on Tuesday, January 6th. Jefferies Financial Group reiterated a “hold” rating and set a $6.00 price target (down from $10.00) on shares of Portillo’s in a report on Monday, October 13th. Piper Sandler increased their price objective on shares of Portillo’s from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Morgan Stanley set a $7.00 price objective on shares of Portillo’s in a research note on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Portillo’s in a research note on Monday, December 22nd.

Portillo’s Price Performance

Shares of Portillo’s stock opened at $5.96 on Friday. The stock has a market cap of $449.26 million, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 7.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.22 and a current ratio of 0.27. The stock has a 50 day moving average price of $5.12 and a 200-day moving average price of $6.09. Portillo’s has a one year low of $4.41 and a one year high of $15.78.

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

Institutional Trading of Portillo’s

Hedge funds and other institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC boosted its stake in shares of Portillo’s by 20.1% during the fourth quarter. ProShare Advisors LLC now owns 12,188 shares of the company’s stock valued at $55,000 after purchasing an additional 2,043 shares during the period. Allworth Financial LP increased its stake in Portillo’s by 235.3% in the 4th quarter. Allworth Financial LP now owns 9,243 shares of the company’s stock worth $42,000 after buying an additional 6,486 shares during the period. Ballentine Partners LLC bought a new stake in Portillo’s during the 4th quarter valued at about $89,000. Insight 2811 Inc. purchased a new stake in Portillo’s in the 4th quarter valued at about $113,000. Finally, Inscription Capital LLC purchased a new stake in Portillo’s in the 4th quarter valued at about $92,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Portillo’s Company Profile

Portillo’s, Inc operates a fast‐casual restaurant chain best known for its Chicago‐style menu, featuring Italian beef sandwiches, Chicago‐style hot dogs, char‐grilled burgers, salads, crinkle‐cut fries and hand‐spun milkshakes. In addition to its signature sandwiches and dogs, the company offers a selection of desserts—including its famous chocolate cake and frozen custard—as well as catering services designed to bring its Midwestern flavors to corporate and social events.

The company was founded in 1963 by Dick Portillo, who opened the first Portillo’s in Villa Park, Illinois.