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

Shares of Portillo’s Inc. (NASDAQ:PTLO) have earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $7.7222.

Several brokerages have issued reports on PTLO. Weiss Ratings reissued a “sell (d+)” rating on shares of Portillo’s in a research report on Monday, December 22nd. Stephens lowered their price objective on shares of Portillo’s from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Stifel Nicolaus reissued a “hold” rating and issued a $6.00 price objective (down from $8.00) on shares of Portillo’s in a report on Wednesday, January 7th. UBS Group cut their target price on shares of Portillo’s from $6.00 to $5.50 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. Finally, Piper Sandler increased their price target 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.

Hedge Funds Weigh In On Portillo’s

Several institutional investors and hedge funds have recently bought and sold shares of PTLO. PNC Financial Services Group Inc. grew its holdings in Portillo’s by 135.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,596 shares of the company’s stock valued at $30,000 after purchasing an additional 1,495 shares during the period. Allworth Financial LP purchased a new position in shares of Portillo’s during the 2nd quarter valued at about $32,000. State of Wyoming grew its stake in shares of Portillo’s by 176.6% during the 3rd quarter. State of Wyoming now owns 4,531 shares of the company’s stock valued at $29,000 after acquiring an additional 2,893 shares during the period. CWM LLC increased its holdings in Portillo’s by 84.5% in the 3rd quarter. CWM LLC now owns 5,243 shares of the company’s stock worth $34,000 after acquiring an additional 2,401 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Portillo’s by 69.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,426 shares of the company’s stock worth $63,000 after acquiring an additional 2,227 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Portillo’s Trading Down 0.4%

NASDAQ:PTLO opened at $5.21 on Wednesday. The company has a market cap of $392.73 million, a PE ratio of 19.30, a price-to-earnings-growth ratio of 1.96 and a beta of 1.75. The company has a current ratio of 0.27, a quick ratio of 0.22 and a debt-to-equity ratio of 0.48. The company has a 50 day simple moving average of $5.38 and a two-hundred day simple moving average of $5.62. Portillo’s has a 12 month low of $4.41 and a 12 month high of $14.47.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. The firm had revenue of $185.75 million for the quarter, compared to analysts’ expectations of $185.50 million. Portillo’s had a return on equity of 3.93% and a net margin of 2.64%.The company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 EPS. Research analysts forecast that Portillo’s will post 0.35 earnings per share for the current year.

About Portillo’s

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.