Portillo's (NASDAQ:PTLO) Price Target Cut to $7.50 by Analysts at UBS Group

Key Points

• Analysts at UBS Group have cut their price target for Portillo's from $9.00 to $7.50, maintaining a "neutral" rating on the stock.
• Insider trading activity includes CEO Michael Osanloo purchasing 11,320 shares and General Counsel Kelly M. Kaiser buying 27,000 shares, indicating increased confidence from company executives.
• Despite recent price target adjustments and fluctuating stock performance, Portillo's maintains a consensus rating of "Moderate Buy" with a current market cap of $461.90 million.

Portillo's (NASDAQ:PTLO - Get Free Report) had its price target reduced by analysts at UBS Group from $9.00 to $7.50 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price target points to a potential upside of 22.35% from the stock's current price.

A number of other brokerages also recently commented on PTLO. William Blair reissued an "outperform" rating on shares of Portillo's in a research report on Friday, May 30th. Robert W. Baird lowered their price target on Portillo's from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Thursday. Guggenheim lowered their price target on Portillo's from $18.00 to $17.00 and set a "buy" rating for the company in a report on Tuesday, July 8th. Wall Street Zen downgraded Portillo's from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Morgan Stanley lowered their price target on Portillo's from $12.00 to $10.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.19.

Portillo's Stock Down 0.2%

Shares of PTLO opened at $6.13 on Monday. The firm 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. Portillo's has a 12-month low of $6.00 and a 12-month high of $15.78. The company's 50-day moving average price is $8.70 and its 200 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 (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. Portillo's had a return on equity of 6.25% and a net margin of 4.19%.The business 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 company posted $0.10 earnings per share. The business's revenue for the quarter was up 3.6% on a year-over-year basis. Portillo's has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Portillo's will post 0.35 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Michael Osanloo purchased 11,320 shares of the business's stock in a transaction dated Friday, August 8th. The stock was acquired at an average price of $7.42 per share, for a total transaction of $83,994.40. Following the completion of the purchase, the chief executive officer directly owned 63,317 shares of the company's stock, valued at $469,812.14. This trade represents a 21.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Kelly M. Kaiser purchased 27,000 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were bought at an average price of $7.68 per share, with a total value of $207,360.00. Following the purchase, the general counsel directly owned 68,495 shares of the company's stock, valued at approximately $526,041.60. The trade was a 65.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 210,570 shares of company stock worth $1,614,474 over the last three months. 6.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in Portillo's by 135.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,596 shares of the company's stock worth $30,000 after acquiring an additional 1,495 shares in the last quarter. Allworth Financial LP purchased a new position in Portillo's in the second quarter worth $32,000. CWM LLC raised its position in Portillo's by 58.3% in the first quarter. CWM LLC now owns 3,194 shares of the company's stock worth $38,000 after acquiring an additional 1,176 shares in the last quarter. North Star Investment Management Corp. raised its position in Portillo's by 137.6% in the first quarter. North Star Investment Management Corp. now owns 3,517 shares of the company's stock worth $42,000 after acquiring an additional 2,037 shares in the last quarter. Finally, Comerica Bank raised its position in Portillo's by 172.6% in the fourth quarter. Comerica Bank now owns 5,395 shares of the company's stock worth $51,000 after acquiring an additional 3,416 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.

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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