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

Portillo’s Inc. (NASDAQ:PTLO) has earned an average rating of “Hold” from the twelve brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $10.1667.

A number of research analysts have recently commented on PTLO shares. Bank of America reissued a “neutral” rating and set a $7.00 price target (down from $14.00) on shares of Portillo’s in a report on Monday, October 6th. Wall Street Zen lowered Portillo’s from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Stephens set a $8.00 price target on Portillo’s in a report on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Portillo’s in a report on Wednesday, October 8th. Finally, UBS Group lowered their target price on Portillo’s from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Monday, September 15th.

Insider Buying and Selling

In related news, Director Eugene I. Lee, Jr. purchased 130,250 shares of the stock in a transaction on Thursday, August 7th. The shares were bought at an average price of $7.68 per share, for a total transaction of $1,000,320.00. Following the completion of the acquisition, the director directly owned 130,250 shares in the company, valued at approximately $1,000,320. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michelle Greig Hook purchased 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average cost of $7.67 per share, for a total transaction of $306,800.00. Following the purchase, the chief financial officer owned 173,405 shares in the company, valued at $1,330,016.35. This represents a 29.98% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 210,570 shares of company stock worth $1,614,474. 6.14% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position 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 last quarter. Allworth Financial LP acquired a new stake in Portillo’s during the 2nd quarter worth approximately $32,000. CWM LLC increased its stake in Portillo’s by 84.5% during 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 during the period. BNP Paribas Financial Markets increased its stake in Portillo’s by 69.6% during 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 during the period. Finally, US Bancorp DE bought a new position in Portillo’s during the 1st quarter worth $95,000. 98.34% of the stock is currently owned by institutional investors.

Portillo’s Price Performance

Shares of NASDAQ PTLO opened at $5.24 on Thursday. Portillo’s has a 1-year low of $5.11 and a 1-year high of $15.78. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.29 and a quick ratio of 0.23. The business’s fifty day moving average price is $6.24 and its two-hundred day moving average price is $9.16. The firm has a market capitalization of $394.83 million, a PE ratio of 11.64, a P/E/G ratio of 4.69 and a beta of 1.73.

Portillo’s (NASDAQ:PTLO) last issued its earnings results on Tuesday, August 5th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. Portillo’s had a return on equity of 6.25% and a net margin of 4.19%.The firm had revenue of $188.46 million for the quarter, compared to analyst estimates of $197.04 million. During the same period last year, the company earned $0.10 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, research analysts expect that Portillo’s will post 0.35 EPS for the current year.

Portillo’s Company Profile

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.