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

Shares of Portillo's Inc. (NASDAQ:PTLO - Get Free Report) have earned a consensus rating of "Hold" from the nine research firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $13.71.

PTLO has been the subject of a number of research reports. Baird R W lowered shares of Portillo's from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. William Blair reiterated an "outperform" rating on shares of Portillo's in a research report on Friday, May 30th. Morgan Stanley set a $12.00 target price on shares of Portillo's in a research report on Monday, April 14th. 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, UBS Group decreased their target price on shares of Portillo's from $15.00 to $12.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th.

Insider Buying and Selling at Portillo's

In other Portillo's news, Director Berkshire Partners Llc sold 10,000,000 shares of Portillo's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $12.23, for a total transaction of $122,300,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.14% of the company's stock.

Institutional Trading of Portillo's

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hollencrest Capital Management raised its holdings in Portillo's by 100.0% in 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. CWM LLC boosted its position in Portillo's by 58.3% in the first quarter. CWM LLC now owns 3,194 shares of the company's stock valued at $38,000 after buying an additional 1,176 shares during the last quarter. North Star Investment Management Corp. boosted its position in 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 buying an additional 2,037 shares during the last quarter. Comerica Bank boosted its position in Portillo's by 172.6% in the 4th quarter. Comerica Bank now owns 5,395 shares of the company's stock worth $51,000 after purchasing an additional 3,416 shares in the last quarter. Finally, Fund 1 Investments LLC purchased a new stake in Portillo's in the 4th quarter worth approximately $53,000. 98.34% of the stock is currently owned by institutional investors.

Portillo's Stock Up 1.2%

Shares of NASDAQ PTLO opened at $11.54 on Friday. The company has a market capitalization of $863.42 million, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 4.52 and a beta of 1.87. Portillo's has a 52-week low of $8.38 and a 52-week high of $15.78. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.21 and a current ratio of 0.25. The company's 50 day moving average price is $11.51 and its 200-day moving average price is $11.88.

Portillo's (NASDAQ:PTLO - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. Portillo's had a net margin of 3.92% and a return on equity of 5.87%. The firm had revenue of $176.44 million for the quarter, compared to the consensus estimate of $180.76 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The business's revenue was up 6.4% on a year-over-year basis. Equities analysts forecast that Portillo's will post 0.35 earnings per share for the current year.

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.

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