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

Shares of Portillo’s Inc. (NASDAQ:PTLO) have been given an average rating of “Hold” by the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $7.0227.

Several analysts have issued reports on PTLO shares. Stifel Nicolaus dropped their target price on Portillo’s from $6.00 to $5.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Roth Capital set a $8.00 price objective on shares of Portillo’s in a report on Wednesday, May 6th. Piper Sandler cut their price objective on shares of Portillo’s from $8.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Stephens reiterated an “equal weight” rating and issued a $6.00 target price on shares of Portillo’s in a report on Tuesday, May 5th. Finally, Robert W. Baird set a $5.25 price target on shares of Portillo’s in a research note on Wednesday, May 6th.

Insider Transactions at Portillo’s

In other Portillo’s news, Director Eugene I. Lee, Jr. bought 70,165 shares of Portillo’s stock in a transaction on Monday, May 11th. The shares were bought at an average price of $4.28 per share, for a total transaction of $300,306.20. Following the completion of the transaction, the director directly owned 486,415 shares of the company’s stock, valued at $2,081,856.20. This trade represents a 16.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 6.34% of the stock is currently owned by company insiders.

Institutional Trading of Portillo’s

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in shares of Portillo’s by 731.1% during the first quarter. Royal Bank of Canada now owns 156,710 shares of the company’s stock valued at $1,864,000 after acquiring an additional 137,854 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Portillo’s during the 1st quarter worth approximately $318,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Portillo’s by 5.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,550 shares of the company’s stock valued at $387,000 after purchasing an additional 1,808 shares during the last quarter. Cetera Investment Advisers purchased a new stake in Portillo’s in the second quarter valued at approximately $145,000. Finally, Legal & General Group Plc raised its position in Portillo’s by 45.4% in the second quarter. Legal & General Group Plc now owns 74,056 shares of the company’s stock valued at $864,000 after purchasing an additional 23,115 shares during the period. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Portillo’s Price Performance

NASDAQ PTLO traded up $0.17 during trading hours on Tuesday, hitting $4.89. 109,190 shares of the company’s stock traded hands, compared to its average volume of 1,771,166. The company has a market capitalization of $371.09 million, a PE ratio of 23.31, a PEG ratio of 0.70 and a beta of 1.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.26 and a quick ratio of 0.22. Portillo’s has a 52-week low of $3.78 and a 52-week high of $12.23. The firm’s 50-day moving average is $4.46 and its 200-day moving average is $5.07.

Portillo’s (NASDAQ:PTLO) last issued its earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). Portillo’s had a return on equity of 3.17% and a net margin of 2.12%.The company had revenue of $182.62 million for the quarter, compared to analyst estimates of $183.26 million. During the same quarter in the prior year, the firm earned $0.05 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts forecast that Portillo’s will post 0.23 EPS for the current fiscal 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.