Portillo's Inc. (NASDAQ:PTLO) Receives $13.71 Average Price Target from Brokerages

Shares of Portillo's Inc. (NASDAQ:PTLO - Get Free Report) have earned an average rating of "Hold" from the eight analysts that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $13.71.

A number of research analysts recently weighed in on the stock. Stephens reaffirmed an "equal weight" rating and issued a $13.00 target price on shares of Portillo's in a research report on Wednesday. Robert W. Baird restated a "neutral" rating and issued a $12.00 price target (down previously from $15.00) on shares of Portillo's in a research note on Monday, April 7th. Stifel Nicolaus increased their target price on Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Morgan Stanley set a $12.00 target price on shares of Portillo's in a report on Monday, April 14th. Finally, Piper Sandler reduced their price objective on shares of Portillo's from $17.00 to $13.00 and set an "overweight" rating on the stock in a research note on Wednesday.

Portillo's Stock Down 1.6 %

Shares of NASDAQ:PTLO traded down $0.18 during midday trading on Thursday, reaching $11.24. 1,983,599 shares of the company were exchanged, compared to its average volume of 1,392,756. The firm has a market cap of $838.54 million, a PE ratio of 26.76, a P/E/G ratio of 14.77 and a beta of 1.83. Portillo's has a fifty-two week low of $8.38 and a fifty-two week high of $15.78. The stock has a fifty day simple moving average of $11.78 and a two-hundred day simple moving average of $11.88. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58.

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

Institutional Investors Weigh In On Portillo's

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

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.