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

Portillo's Inc. (NASDAQ:PTLO - Get Free Report) has been given a consensus recommendation of "Hold" by the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $13.71.

Several brokerages recently commented on PTLO. Baird R W cut Portillo's from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Piper Sandler lowered their price target on shares of Portillo's from $17.00 to $13.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Stephens reissued an "equal weight" rating and issued a $13.00 price target on shares of Portillo's in a report on Wednesday, May 7th. Morgan Stanley set a $12.00 target price on shares of Portillo's in a report on Monday, April 14th. Finally, Stifel Nicolaus lifted their target price on shares of Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, February 28th.

Insider Activity at Portillo's

In other Portillo's news, Director Berkshire Partners Llc sold 10,000,000 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $12.23, for a total transaction of $122,300,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.14% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Portillo's

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Portillo's during the 4th quarter worth about $395,000. Total Clarity Wealth Management Inc. acquired a new position in shares of Portillo's during the 4th quarter worth approximately $165,000. Chicago Partners Investment Group LLC bought a new stake in shares of Portillo's during the 4th quarter worth approximately $2,590,000. Hodges Capital Management Inc. lifted its holdings in shares of Portillo's by 80.5% during the 4th quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company's stock worth $15,537,000 after acquiring an additional 737,049 shares during the period. Finally, First Dallas Securities Inc. lifted its holdings in shares of Portillo's by 94.4% during the 4th quarter. First Dallas Securities Inc. now owns 43,250 shares of the company's stock worth $407,000 after acquiring an additional 21,000 shares during the period. 98.34% of the stock is owned by institutional investors.

Portillo's Stock Down 6.8%

NASDAQ:PTLO traded down $0.82 during trading hours on Monday, reaching $11.24. The company's stock had a trading volume of 2,037,995 shares, compared to its average volume of 1,452,678. The company has a market cap of $840.92 million, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 14.77 and a beta of 1.87. Portillo's has a one year low of $8.38 and a one year high of $15.78. The business's 50-day moving average is $11.51 and its 200-day moving average is $11.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31.

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 analysts' consensus estimates of $0.04 by $0.01. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. The company had revenue of $176.44 million during the quarter, compared to analysts' expectations of $180.76 million. During the same period in the prior year, the company earned $0.08 earnings per share. The business's quarterly revenue was up 6.4% compared to the same quarter last year. Equities research 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.