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

Shares of Portillo’s Inc. (NASDAQ:PTLO) have been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $14.29.

A number of brokerages have commented on PTLO. Stifel Nicolaus raised their price objective on Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Stephens upped their target price on Portillo’s from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Morgan Stanley decreased their price target on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, UBS Group lowered their price target on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th.

Portillo’s Price Performance

NASDAQ:PTLO opened at $12.42 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. The stock has a market cap of $926.57 million, a P/E ratio of 29.57, a PEG ratio of 14.77 and a beta of 1.80. The company has a fifty day moving average price of $13.59 and a 200 day moving average price of $12.23. Portillo’s has a one year low of $8.38 and a one year high of $15.78.

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

Institutional Trading of Portillo’s

Institutional investors have recently bought and sold shares of the stock. First Dallas Securities Inc. raised its stake in Portillo’s by 94.4% during the fourth quarter. First Dallas Securities Inc. now owns 43,250 shares of the company’s stock worth $407,000 after acquiring an additional 21,000 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Portillo’s by 229.0% during the 4th quarter. Fifth Third Bancorp now owns 43,100 shares of the company’s stock worth $405,000 after purchasing an additional 30,000 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Portillo’s by 10.9% during the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock worth $24,086,000 after purchasing an additional 175,999 shares in the last quarter. CenterStar Asset Management LLC lifted its holdings in Portillo’s by 348.4% during the 4th quarter. CenterStar Asset Management LLC now owns 60,529 shares of the company’s stock valued at $568,000 after purchasing an additional 47,029 shares during the last quarter. Finally, First Eagle Investment Management LLC acquired a new position in Portillo’s in the fourth quarter valued at about $2,577,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

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.