Analysts Set Portillo's Inc. (NASDAQ:PTLO) PT at $13.71

Shares of Portillo's Inc. (NASDAQ:PTLO - Get Free Report) have earned a consensus rating of "Hold" from the nine ratings firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $13.71.

A number of research analysts have commented on PTLO shares. Baird R W lowered Portillo's from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Stifel Nicolaus increased their price objective on Portillo's from $16.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Piper Sandler decreased their price objective on Portillo's from $17.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Morgan Stanley set a $12.00 price target on Portillo's in a research note on Monday, April 14th. Finally, UBS Group cut their price target on Portillo's from $15.00 to $12.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th.

Insiders Place Their Bets

In other Portillo's news, Director Berkshire Partners Llc sold 10,000,000 shares of the business's stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.57% of the company's stock.

Institutional Trading of Portillo's

A number of hedge funds and other institutional investors have recently modified their holdings of PTLO. Rhumbline Advisers boosted 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 acquiring an additional 1,744 shares during the last quarter. Woodline Partners LP grew its position in Portillo's by 98.2% in the 1st quarter. Woodline Partners LP now owns 752,473 shares of the company's stock worth $8,947,000 after purchasing an additional 372,801 shares in the last quarter. Fred Alger Management LLC bought a new stake in Portillo's in the 1st quarter worth about $17,489,000. Select Equity Group L.P. grew its position in Portillo's by 675.1% in the 1st quarter. Select Equity Group L.P. now owns 1,070,774 shares of the company's stock worth $12,732,000 after purchasing an additional 932,624 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Portillo's by 5.9% during 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. Institutional investors own 98.34% of the company's stock.

Portillo's Price Performance

NASDAQ PTLO traded up $0.41 during trading hours on Monday, reaching $12.41. 1,674,816 shares of the company's stock were exchanged, compared to its average volume of 1,445,204. The stock has a market cap of $928.45 million, a PE ratio of 29.55, a price-to-earnings-growth ratio of 14.77 and a beta of 1.83. Portillo's has a one year low of $8.38 and a one year high of $15.78. The firm has a fifty day moving average of $11.52 and a 200-day moving average of $11.81. The company has a current ratio of 0.38, a quick ratio of 0.31 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 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. The business had revenue of $176.44 million for the quarter, compared to analyst estimates of $180.76 million. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. Portillo's's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 EPS. On average, equities research analysts predict that Portillo's will post 0.35 earnings per share for the current fiscal 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.