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

Portillo’s Inc. (NASDAQ:PTLO) has been assigned a consensus rating of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $5.9250.

Several analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Portillo’s from $6.00 to $5.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Stephens reaffirmed an “equal weight” rating and issued a $5.00 price objective on shares of Portillo’s in a report on Thursday. Morgan Stanley lowered their price objective on Portillo’s from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Piper Sandler reduced their target price 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. Finally, Roth Capital set a $8.00 price target on shares of Portillo’s in a research report on Wednesday, May 6th.

Insider Buying and Selling at Portillo’s

In related news, Director Eugene I. Lee, Jr. purchased 70,165 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of $4.28 per share, for a total transaction of $300,306.20. Following the completion of the purchase, the director owned 486,415 shares in the company, valued at approximately $2,081,856.20. This represents a 16.86% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.34% of the company’s stock.

Institutional Trading of Portillo’s

A number of institutional investors have recently modified their holdings of the stock. Orbis Allan Gray Ltd increased its position in shares of Portillo’s by 2.3% in the fourth quarter. Orbis Allan Gray Ltd now owns 6,994,844 shares of the company’s stock worth $31,757,000 after purchasing an additional 155,205 shares during the period. Alliancebernstein L.P. raised its stake in Portillo’s by 16.8% in the second quarter. Alliancebernstein L.P. now owns 5,777,921 shares of the company’s stock valued at $67,428,000 after purchasing an additional 830,460 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Portillo’s by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 3,563,600 shares of the company’s stock worth $41,587,000 after purchasing an additional 149,931 shares during the period. Engaged Capital LLC lifted its position in Portillo’s by 124.3% during the first quarter. Engaged Capital LLC now owns 3,442,990 shares of the company’s stock worth $18,213,000 after purchasing an additional 1,908,000 shares during the period. Finally, Millennium Management LLC acquired a new stake in Portillo’s during the fourth quarter worth about $10,350,000. 98.34% of the stock is currently owned by institutional investors.

Portillo’s Stock Up 1.1%

Portillo’s stock opened at $4.43 on Friday. The company’s 50-day moving average price is $4.46 and its two-hundred day moving average price is $5.03. The company has a quick ratio of 0.22, a current ratio of 0.26 and a debt-to-equity ratio of 0.46. The stock has a market cap of $335.84 million, a P/E ratio of 24.61, a P/E/G ratio of 0.83 and a beta of 1.56. Portillo’s has a twelve month low of $3.78 and a twelve month high of $8.21.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. Portillo’s had a return on equity of 2.78% and a net margin of 1.85%.The company had revenue of $198.95 million during the quarter, compared to analysts’ expectations of $199.22 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. As a group, analysts expect that Portillo’s will post 0.22 EPS for the current year.

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.