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

Portillo's Inc. (NASDAQ:PTLO - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $14.00.

Several research analysts have issued reports on PTLO shares. Stephens restated an "equal weight" rating and set a $13.00 target price on shares of Portillo's in a research report on Wednesday, May 7th. Piper Sandler decreased their target price on Portillo's from $17.00 to $13.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Bank of America cut their price target on Portillo's from $19.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, July 18th. William Blair reiterated an "outperform" rating on shares of Portillo's in a research note on Friday, May 30th. Finally, Morgan Stanley set a $12.00 price objective on Portillo's in a research note on Monday, April 14th.

Portillo's Stock Performance

Portillo's stock traded down $0.78 during trading on Tuesday, reaching $10.70. The company had a trading volume of 2,245,975 shares, compared to its average volume of 1,865,897. The firm's 50-day simple moving average is $11.72 and its 200 day simple moving average is $12.18. Portillo's has a 52 week low of $8.38 and a 52 week high of $15.78. The company has a current ratio of 0.25, a quick ratio of 0.21 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $800.57 million, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 7.25 and a beta of 1.83.

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 for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $176.44 million during the quarter, compared to analysts' expectations of $180.76 million. Portillo's had a return on equity of 5.87% and a net margin of 3.92%. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. Sell-side analysts forecast that Portillo's will post 0.35 earnings per share for the current fiscal year.

Insider Activity at Portillo's

In other news, Director Berkshire Partners Llc sold 10,000,000 shares of the firm'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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.14% of the company's stock.

Institutional Investors Weigh In On Portillo's

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in Portillo's during the fourth quarter valued at about $1,331,000. Zuckerman Investment Group LLC raised its stake in shares of Portillo's by 6.9% during the 4th quarter. Zuckerman Investment Group LLC now owns 1,944,983 shares of the company's stock worth $18,283,000 after purchasing an additional 125,073 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Portillo's in the 1st quarter valued at approximately $1,445,000. Brevan Howard Capital Management LP acquired a new position in Portillo's in the fourth quarter worth approximately $241,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Portillo's in the fourth quarter worth approximately $478,000. 98.34% of the stock is owned by institutional investors and hedge funds.

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.