Portillo's Inc. (NASDAQ:PTLO) Receives Consensus Recommendation of "Hold" from Analysts

Portillo's Inc. (NASDAQ:PTLO - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eight brokerages that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $13.71.

PTLO has been the topic of several research analyst reports. Baird R W lowered Portillo's from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Stephens reissued an "equal weight" rating and issued a $13.00 price objective on shares of Portillo's in a research note on Wednesday, May 7th. UBS Group dropped their price target on Portillo's from $15.00 to $12.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Robert W. Baird restated a "neutral" rating and issued a $12.00 price objective (down from $15.00) on shares of Portillo's in a report on Monday, April 7th. Finally, Morgan Stanley set a $12.00 target price on shares of Portillo's in a research report on Monday, April 14th.

Institutional Trading of Portillo's

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC boosted its stake in Portillo's by 58.3% in the 1st quarter. CWM LLC now owns 3,194 shares of the company's stock worth $38,000 after purchasing an additional 1,176 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Portillo's by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,742 shares of the company's stock valued at $289,000 after acquiring an additional 1,185 shares during the period. Rhumbline Advisers grew its position in 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 buying an additional 1,744 shares during the period. Hollencrest Capital Management boosted its position in Portillo's by 100.0% during the fourth quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock worth $38,000 after purchasing an additional 2,000 shares in the last quarter. Finally, North Star Investment Management Corp. grew its position in shares of Portillo's by 137.6% in the first quarter. North Star Investment Management Corp. now owns 3,517 shares of the company's stock valued at $42,000 after purchasing an additional 2,037 shares during the period. Hedge funds and other institutional investors own 98.34% of the company's stock.

Portillo's Price Performance

Shares of PTLO traded up $0.25 during mid-day trading on Thursday, reaching $12.41. The stock had a trading volume of 524,010 shares, compared to its average volume of 1,394,706. The business has a fifty day moving average of $11.75 and a 200 day moving average of $11.87. Portillo's has a 12 month low of $8.38 and a 12 month high of $15.78. The firm has a market cap of $925.82 million, a price-to-earnings ratio of 29.55, a PEG ratio of 14.77 and a beta of 1.83. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38.

Portillo's (NASDAQ:PTLO - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The firm had revenue of $176.44 million for the quarter, compared to analysts' expectations of $180.76 million. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The business's revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 earnings per share. Equities analysts predict that Portillo's will post 0.35 EPS for the current year.

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.