Portillo's Inc. (NASDAQ:PTLO) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Portillo’s, with 10 hold, two buy and one sell rating among 13 analysts. The average 12-month price target is $5.93, modestly above the reported $4.85 share price.
• Portillo’s reported quarterly EPS of $0.09, matching expectations, while revenue of $198.95 million fell slightly short of forecasts but increased 5.6% year over year. Net margin was 1.85% and return on equity was 2.78%.
• Director Eugene I. Lee Jr. purchased 65,355 shares for roughly $300,000, increasing his ownership by 13.44%. Institutional investors own a substantial 98.34% of the company’s outstanding stock.

Portillo's Inc. (NASDAQ:PTLO - Get Free Report) has been assigned an average recommendation of "Hold" from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. One 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 objective among brokers that have covered the stock in the last year is $5.9250.

Several equities analysts have issued reports on PTLO shares. Morgan Stanley cut their target price on Portillo's from $7.00 to $6.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings reissued a "sell (d)" rating on shares of Portillo's in a research report on Monday, August 3rd. Stephens restated an "equal weight" rating and issued a $5.00 price target on shares of Portillo's in a report on Thursday, August 6th. Stifel Nicolaus cut their price objective on shares of Portillo's from $6.00 to $5.00 and set a "hold" rating on the stock in a research report on Wednesday, May 6th. Finally, Roth Capital set a $8.00 price objective on shares of Portillo's in a research note on Wednesday, May 6th.

Insiders Place Their Bets

In other news, Director Eugene I. Lee, Jr. purchased 65,355 shares of the business's stock in a transaction on Wednesday, August 12th. The shares were acquired at an average cost of $4.59 per share, with a total value of $299,979.45. Following the completion of the acquisition, the director owned 551,770 shares of the company's stock, valued at $2,532,624.30. This trade represents a 13.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.34% of the stock is currently owned by company insiders.

Institutional Trading of Portillo's

Several hedge funds and other institutional investors have recently made changes to their positions in PTLO. Essential Partners LLC grew its stake in Portillo's by 83,350.0% during the 1st quarter. Essential Partners LLC now owns 5,007 shares of the company's stock worth $26,000 after buying an additional 5,001 shares during the last quarter. CWM LLC boosted its holdings in Portillo's by 37.6% in the fourth quarter. CWM LLC now owns 7,216 shares of the company's stock worth $33,000 after acquiring an additional 1,973 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in Portillo's in the fourth quarter worth about $34,000. Kestra Advisory Services LLC purchased a new stake in shares of Portillo's during the fourth quarter worth about $40,000. Finally, Allworth Financial LP grew its stake in shares of Portillo's by 235.3% during the fourth quarter. Allworth Financial LP now owns 9,243 shares of the company's stock worth $42,000 after acquiring an additional 6,486 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.

Portillo's Stock Performance

Shares of NASDAQ:PTLO opened at $4.85 on Wednesday. The firm has a 50 day moving average of $4.63 and a 200 day moving average of $4.94. The company has a quick ratio of 0.20, a current ratio of 0.26 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $368.31 million, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 1.08 and a beta of 1.56. Portillo's has a 52 week low of $3.78 and a 52 week high of $7.18.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $198.95 million for the quarter, compared to analysts' expectations of $199.22 million. Portillo's had a return on equity of 2.78% and a net margin of 1.85%.The business's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 EPS. On average, sell-side analysts predict that Portillo's will post 0.19 earnings per share for the current fiscal year.

About Portillo's

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.

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