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

Key Points

• Portillo's Inc. has received a consensus rating of "Hold" from eleven brokerages, with one sell, five hold, and five buy ratings; the average target price is $12.1875.
• The company's most recent quarterly earnings reported earnings per share of $0.12, matching consensus estimates, while revenue was up 3.6% year-over-year at $188.46 million.
• Insider purchases recently included a total of 210,570 shares being acquired, indicating strong confidence by executives in the company's future prospects.

Shares of Portillo's Inc. (NASDAQ:PTLO - Get Free Report) have been assigned a consensus rating of "Hold" from the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $12.1875.

PTLO has been the subject of a number of research reports. Stephens reiterated an "equal weight" rating and set a $10.00 target price on shares of Portillo's in a report on Tuesday, September 23rd. Weiss Ratings reiterated a "sell (d+)" rating on shares of Portillo's in a report on Saturday, September 27th. Wall Street Zen lowered Portillo's from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. UBS Group reduced their price target on Portillo's from $9.00 to $7.50 and set a "neutral" rating for the company in a research report on Monday, September 15th. Finally, Bank of America decreased their price target on shares of Portillo's from $19.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, July 18th.

Portillo's Stock Performance

Shares of PTLO opened at $6.75 on Friday. The firm has a market cap of $508.61 million, a P/E ratio of 15.00, a PEG ratio of 5.40 and a beta of 1.75. Portillo's has a twelve month low of $6.00 and a twelve month high of $15.78. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.23 and a current ratio of 0.29. The firm's 50 day moving average price is $7.23 and its two-hundred day moving average price is $10.06.

Portillo's (NASDAQ:PTLO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $188.46 million during the quarter, compared to the consensus estimate of $197.04 million. Portillo's had a net margin of 4.19% and a return on equity of 6.25%. The firm's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Portillo's has set its FY 2025 guidance at EPS. On average, analysts forecast that Portillo's will post 0.35 EPS for the current fiscal year.

Insider Buying and Selling at Portillo's

In related news, General Counsel Kelly M. Kaiser bought 27,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average price of $7.68 per share, with a total value of $207,360.00. Following the completion of the transaction, the general counsel owned 68,495 shares in the company, valued at $526,041.60. The trade was a 65.07% 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. Also, Director Eugene I. Lee, Jr. bought 130,250 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average price of $7.68 per share, for a total transaction of $1,000,320.00. Following the acquisition, the director directly owned 130,250 shares of the company's stock, valued at $1,000,320. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 210,570 shares of company stock valued at $1,614,474 over the last quarter. 6.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PTLO. CWM LLC boosted its holdings in shares of Portillo's by 58.3% in the 1st 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. PNC Financial Services Group Inc. raised its position in Portillo's by 135.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,596 shares of the company's stock worth $30,000 after acquiring an additional 1,495 shares in the last quarter. Rhumbline Advisers lifted its stake in Portillo's by 2.2% in the first quarter. Rhumbline Advisers now owns 82,605 shares of the company's stock valued at $982,000 after acquiring an additional 1,744 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Portillo's by 5.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,550 shares of the company's stock valued at $387,000 after acquiring an additional 1,808 shares during the period. Finally, North Star Investment Management Corp. increased its stake in shares of Portillo's by 137.6% during 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 during the last quarter. Institutional investors and hedge funds own 98.34% of the company's stock.

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.

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