Portillo's Inc. (PTLO) - What Are Brokerages Saying About This Stock?

Key Points

• Analyst consensus is “Hold”: Eight of 11 analysts rate Portillo’s neutral, compared with two buys and one sell. The average 12-month price target is $5.66, versus shares opening at $4.66.
• Quarterly results were mixed: Portillo’s reported earnings of $0.09 per share, matching estimates, while revenue of $198.95 million narrowly missed expectations but increased 5.6% year over year.
• Insider and institutional interest remains notable: A director purchased 65,355 shares, increasing his stake by 13.44%, while institutional investors own 98.34% of the company’s stock.

Portillo's Inc. (NASDAQ:PTLO - Get Free Report) has been assigned an average rating of "Hold" from the eleven research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $5.66.

Several analysts recently issued reports on the company. Weiss Ratings reiterated a "sell (d)" rating on shares of Portillo's in a research report on Monday, August 3rd. Robert W. Baird raised Portillo's to a "hold" rating in a report on Monday, August 24th. Stephens restated an "equal weight" rating and issued a $5.00 price target on shares of Portillo's in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Portillo's from a "sell" rating to a "hold" rating in a research report on Sunday, September 6th. Finally, UBS Group lowered their target price on shares of Portillo's from $5.50 to $4.50 and set a "neutral" rating on the stock in a report on Friday, October 9th.

Portillo's Trading Up 2.2%

Shares of PTLO stock opened at $4.66 on Thursday. Portillo's has a 1 year low of $3.29 and a 1 year high of $6.69. The firm has a fifty day moving average price of $4.24 and a 200-day moving average price of $4.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.26 and a quick ratio of 0.20. The company has a market cap of $353.88 million, a price-to-earnings ratio of 25.89, a PEG ratio of 0.99 and a beta of 1.58.

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

Insider Buying and Selling at Portillo's

In related news, Director I Jr bought 65,355 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average cost of $4.59 per share, with a total value of $299,979.45. Following the completion of the purchase, the director owned 551,770 shares of the company's stock, valued at approximately $2,532,624.30. The trade was a 13.44% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.34% of the company's stock.

Institutional Trading of Portillo's

Several hedge funds have recently bought and sold shares of the stock. Engaged Capital LLC lifted its position in shares of Portillo's by 124.3% in the first quarter. Engaged Capital LLC now owns 3,442,990 shares of the company's stock worth $18,213,000 after buying an additional 1,908,000 shares in the last quarter. Corient Private Wealth LP boosted its stake in Portillo's by 501.5% during the second quarter. Corient Private Wealth LP now owns 269,248 shares of the company's stock valued at $1,276,000 after buying an additional 224,486 shares during the last quarter. State Street Corp boosted its stake in Portillo's by 12.9% during the second quarter. State Street Corp now owns 1,454,163 shares of the company's stock valued at $6,893,000 after buying an additional 166,617 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Portillo's by 283.1% during the second quarter. Russell Investments Group Ltd. now owns 36,556 shares of the company's stock valued at $173,000 after buying an additional 27,014 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Portillo's by 3.3% during the first quarter. Bank of America Corp DE now owns 704,602 shares of the company's stock valued at $3,727,000 after buying an additional 22,744 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.

Portillo's Company Profile

Portillo's, Inc operates a chain of fast-casual restaurants known for Chicago-style food. Its menu features Chicago-style hot dogs, Italian beef and sausage sandwiches, burgers, chicken sandwiches, salads, French fries, milkshakes and its signature chocolate cake.

The company serves customers through company-operated restaurants, drive-thru lanes, takeout and delivery services, as well as catering. Portillo's restaurants are concentrated in the Midwest and have expanded into select Sun Belt markets, including Arizona and Florida.

Portillo's traces its origins to 1963, when founder Dick Portillo opened a small hot dog stand called The Dog House in Villa Park, Illinois.

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