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

Key Points

• Portillo's Inc. has received a consensus rating of "Moderate Buy" from analysts, with five recommending a hold and five a buy.
• The average twelve-month price target for Portillo's stock is $12.50, with recent price targets being adjusted down by several analysts.
• Insider activity includes a significant sale of 10 million shares by Director Berkshire Partners, while CFO Michelle Greig Hook purchased 40,000 shares, reflecting mixed insider confidence.

Portillo's Inc. (NASDAQ:PTLO - Get Free Report) has earned a consensus rating of "Moderate Buy" from the ten analysts that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $12.50.

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Portillo's from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Morgan Stanley cut their price target on shares of Portillo's from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Guggenheim cut their price target on shares of Portillo's from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Tuesday, July 8th. Stephens cut their price target on shares of Portillo's from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Friday, August 8th. Finally, Piper Sandler cut their price target on shares of Portillo's from $17.00 to $13.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th.

Insider Buying and Selling

In other news, Director Berkshire Partners Llc sold 10,000,000 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $12.23, for a total value of $122,300,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michelle Greig Hook bought 40,000 shares of the stock in a transaction dated Thursday, August 7th. The stock was bought at an average price of $7.67 per share, with a total value of $306,800.00. Following the acquisition, the chief financial officer owned 173,405 shares in the company, valued at approximately $1,330,016.35. This represents a 29.98% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 210,570 shares of company stock valued at $1,614,474 over the last ninety days. 6.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Portillo's

A number of large investors have recently bought and sold shares of PTLO. Alliancebernstein L.P. grew its stake in shares of Portillo's by 10,963.2% during the 1st quarter. Alliancebernstein L.P. now owns 4,947,461 shares of the company's stock worth $58,825,000 after purchasing an additional 4,902,741 shares during the period. Fred Alger Management LLC acquired a new position in shares of Portillo's during the 1st quarter worth $17,489,000. Ameriprise Financial Inc. grew its stake in shares of Portillo's by 53.6% during the 1st quarter. Ameriprise Financial Inc. now owns 3,413,669 shares of the company's stock worth $40,590,000 after purchasing an additional 1,191,443 shares during the period. Select Equity Group L.P. grew its stake in shares of Portillo's by 675.1% during 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 during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Portillo's by 139.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,102,103 shares of the company's stock worth $10,360,000 after purchasing an additional 641,273 shares during the period. Hedge funds and other institutional investors own 98.34% of the company's stock.

Portillo's Price Performance

Shares of PTLO opened at $7.63 on Friday. The company has a 50 day moving average price of $10.62 and a 200-day moving average price of $11.88. Portillo's has a fifty-two week low of $7.20 and a fifty-two week high of $15.78. The stock has a market capitalization of $570.88 million, a PE ratio of 16.96, a PEG ratio of 5.32 and a beta of 1.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.23 and a current ratio of 0.29.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The firm 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 revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. Equities analysts predict that Portillo's will post 0.35 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.