Portillo’s Inc. (NASDAQ:PTLO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Portillo’s Inc. (NASDAQ:PTLO) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $15.25.

Several research analysts have commented on the stock. Morgan Stanley decreased their price objective on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Piper Sandler lowered their price objective on shares of Portillo’s from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Stephens reiterated an “overweight” rating and set a $13.00 target price on shares of Portillo’s in a report on Tuesday, August 6th. Stifel Nicolaus lowered their target price on Portillo’s from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Finally, Bank of America reduced their price target on Portillo’s from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th.

Portillo’s Stock Performance

Shares of NASDAQ:PTLO opened at $13.20 on Wednesday. The company has a current ratio of 0.38, a quick ratio of 0.30 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $11.60 and a 200-day moving average price of $11.32. The company has a market cap of $963.27 million, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 16.39 and a beta of 1.77. Portillo’s has a 12 month low of $8.66 and a 12 month high of $16.98.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Portillo’s had a return on equity of 5.08% and a net margin of 3.30%. The business had revenue of $181.86 million during the quarter, compared to analysts’ expectations of $184.44 million. During the same quarter last year, the business posted $0.12 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts anticipate that Portillo’s will post 0.28 EPS for the current year.

Institutional Investors Weigh In On Portillo’s

Institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd bought a new position in Portillo’s in the 2nd quarter worth about $29,000. Assetmark Inc. grew its holdings in shares of Portillo’s by 28.6% during the fourth quarter. Assetmark Inc. now owns 3,222 shares of the company’s stock valued at $51,000 after buying an additional 717 shares during the last quarter. AdvisorShares Investments LLC bought a new stake in shares of Portillo’s during the second quarter valued at approximately $52,000. Benjamin F. Edwards & Company Inc. raised its holdings in Portillo’s by 241.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,812 shares of the company’s stock worth $54,000 after acquiring an additional 2,694 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Portillo’s by 283.0% in the 2nd quarter. Fifth Third Bancorp now owns 13,100 shares of the company’s stock valued at $127,000 after acquiring an additional 9,680 shares in the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

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.