Portillo’s Inc. (NASDAQ:PTLO) Receives $13.86 Consensus Target Price from Brokerages

Portillo’s Inc. (NASDAQ:PTLO) has been given a consensus rating of “Hold” by the eight analysts that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $13.71.

Several brokerages have issued reports on PTLO. Stifel Nicolaus upped their price objective on Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Baird R W lowered Portillo’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. UBS Group decreased their price objective on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Morgan Stanley set a $12.00 target price on shares of Portillo’s in a report on Monday. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $12.00 price target (down from $15.00) on shares of Portillo’s in a report on Monday, April 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PTLO. North Star Investment Management Corp. boosted its position in shares of Portillo’s by 137.6% during the first quarter. North Star Investment Management Corp. now owns 3,517 shares of the company’s stock worth $42,000 after buying an additional 2,037 shares during the period. SG Americas Securities LLC boosted its position in Portillo’s by 41.9% during the 1st quarter. SG Americas Securities LLC now owns 59,679 shares of the company’s stock worth $710,000 after acquiring an additional 17,629 shares during the period. Yarbrough Capital LLC bought a new position in shares of Portillo’s in the first quarter worth $318,000. NBC Securities Inc. increased its holdings in shares of Portillo’s by 83,963.6% during the first quarter. NBC Securities Inc. now owns 9,247 shares of the company’s stock valued at $109,000 after purchasing an additional 9,236 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of Portillo’s by 2.2% during the first quarter. Rhumbline Advisers now owns 82,605 shares of the company’s stock valued at $982,000 after purchasing an additional 1,744 shares during the period. Institutional investors own 98.34% of the company’s stock.

Portillo’s Stock Performance

Portillo’s stock opened at $11.53 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average of $12.97 and a 200-day moving average of $12.08. The stock has a market cap of $860.17 million, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 14.77 and a beta of 1.82. Portillo’s has a 52 week low of $8.38 and a 52 week high of $15.78.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.15. The company had revenue of $184.61 million during the quarter, compared to analyst estimates of $185.16 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. On average, analysts expect that Portillo’s will post 0.35 EPS for the current fiscal year.

About Portillo’s

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.