Portillo's Inc. (NASDAQ:PTLO) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Portillo's Inc. has received an average rating of "Moderate Buy" from ten research firms, with a 12-month price target of $12.50.
• The company's shares opened at $6.52, showing a 1.2% decrease from previous trading sessions, with a market cap of $491.28 million.
• Insider trading activity includes significant stock purchases by CFO Michelle Greig Hook and CEO Michael Osanloo, indicating confidence in the company's prospects.

Shares of Portillo's Inc. (NASDAQ:PTLO - Get Free Report) have received a consensus rating of "Moderate Buy" from the ten research firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $12.50.

PTLO has been the subject of several research reports. Bank of America lowered their price objective 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. Robert W. Baird set a $8.00 price target on Portillo's in a research report on Tuesday, August 5th. William Blair restated an "outperform" rating on shares of Portillo's in a research note on Friday, May 30th. Guggenheim reduced their price objective on Portillo's from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Tuesday, July 8th. Finally, Wall Street Zen lowered Portillo's from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th.

Portillo's Trading Down 1.2%

NASDAQ PTLO opened at $6.52 on Wednesday. The company has a market cap of $491.28 million, a P/E ratio of 14.49, a P/E/G ratio of 4.56 and a beta of 1.78. Portillo's has a 12 month low of $6.47 and a 12 month high of $15.78. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.29 and a quick ratio of 0.23. The company has a 50-day moving average of $9.06 and a 200-day moving average of $10.96.

Portillo's (NASDAQ:PTLO - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.12. Portillo's had a net margin of 4.19% and a return on equity of 6.25%. The firm had revenue of $188.46 million during the quarter, compared to the consensus estimate of $197.04 million. During the same period in the previous year, the firm earned $0.10 earnings per share. Portillo's's revenue was up 3.6% compared to the same quarter last year. Portillo's has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Portillo's will post 0.35 earnings per share for the current year.

Insider Buying and Selling at Portillo's

In other Portillo's news, CFO Michelle Greig Hook bought 40,000 shares of Portillo's stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average price of $7.67 per share, for a total transaction of $306,800.00. Following the acquisition, the chief financial officer owned 173,405 shares of the company's stock, valued at $1,330,016.35. The trade was a 29.98% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Osanloo purchased 11,320 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average cost of $7.42 per share, with a total value of $83,994.40. Following the completion of the transaction, the chief executive officer owned 63,317 shares in the company, valued at $469,812.14. This trade represents a 21.77% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 210,570 shares of company stock valued at $1,614,474. 6.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC boosted its position in shares of Portillo's by 11.5% in the second quarter. Squarepoint Ops LLC now owns 119,384 shares of the company's stock worth $1,393,000 after buying an additional 12,303 shares during the period. Tower Research Capital LLC TRC lifted its position in Portillo's by 336.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,135 shares of the company's stock worth $95,000 after acquiring an additional 6,271 shares in the last quarter. Corient Private Wealth LLC acquired a new position in Portillo's during the 2nd quarter worth approximately $391,000. Zuckerman Investment Group LLC boosted its holdings in Portillo's by 1.6% in the 2nd quarter. Zuckerman Investment Group LLC now owns 1,873,724 shares of the company's stock worth $21,866,000 after acquiring an additional 30,031 shares during the period. Finally, Orbis Allan Gray Ltd grew its position in Portillo's by 6.4% in the second quarter. Orbis Allan Gray Ltd now owns 6,358,093 shares of the company's stock valued at $74,199,000 after acquiring an additional 384,455 shares in the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

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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