Portillo's Inc. (NASDAQ:PTLO) Receives Average Recommendation 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 earned a consensus recommendation of "Moderate Buy" from the ten analysts that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $12.3750.

A number of analysts have recently commented on the stock. Bank of America cut their target price 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. Morgan Stanley cut their target price on shares of Portillo's from $12.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Guggenheim cut their target price on shares of Portillo's from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Tuesday, July 8th. William Blair reissued an "outperform" rating on shares of Portillo's in a research note on Friday, May 30th. Finally, Robert W. Baird cut their target price on shares of Portillo's from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Thursday.

Insider Buying and Selling at Portillo's

In other Portillo's news, Director Eugene I. Lee, Jr. purchased 130,250 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average cost of $7.68 per share, for a total transaction of $1,000,320.00. Following the completion of the transaction, the director owned 130,250 shares of the company's stock, valued at $1,000,320. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael Osanloo purchased 11,320 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average price of $7.42 per share, for a total transaction of $83,994.40. Following the completion of the transaction, the chief executive officer directly owned 63,317 shares of the company's stock, valued at $469,812.14. The trade was a 21.77% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 210,570 shares of company stock valued at $1,614,474. Insiders own 6.14% of the company's stock.

Hedge Funds Weigh In On Portillo's

Institutional investors and hedge funds have recently bought and sold shares of the business. Soros Capital Management LLC grew its stake in shares of Portillo's by 486.8% in the 1st quarter. Soros Capital Management LLC now owns 431,012 shares of the company's stock valued at $5,125,000 after buying an additional 357,561 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Portillo's by 53.6% in the 1st quarter. Ameriprise Financial Inc. now owns 3,413,669 shares of the company's stock valued at $40,590,000 after buying an additional 1,191,443 shares during the period. Orbis Allan Gray Ltd grew its stake in shares of Portillo's by 4.1% in the 1st quarter. Orbis Allan Gray Ltd now owns 5,973,638 shares of the company's stock valued at $71,027,000 after buying an additional 234,475 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Portillo's in the 1st quarter valued at approximately $1,445,000. Finally, Invesco Ltd. grew its stake in shares of Portillo's by 196.6% in the 1st quarter. Invesco Ltd. now owns 173,928 shares of the company's stock valued at $2,068,000 after buying an additional 115,278 shares during the period. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Portillo's Stock Performance

PTLO traded down $0.01 on Wednesday, reaching $6.13. The stock had a trading volume of 4,421,161 shares, compared to its average volume of 3,398,812. The company has a market cap of $461.90 million, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 4.69 and a beta of 1.79. The business's 50-day moving average price is $8.70 and its two-hundred day moving average price is $10.78. The company has a current ratio of 0.29, a quick ratio of 0.23 and a debt-to-equity ratio of 0.49. Portillo's has a 12-month low of $6.00 and a 12-month high of $15.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. The business had revenue of $188.46 million during the quarter, compared to analysts' expectations of $197.04 million. Portillo's had a net margin of 4.19% and a return on equity of 6.25%. The company's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 earnings per share. Portillo's has set its FY 2025 guidance at EPS. Sell-side 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.