Portillo's (PTLO) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Portillo's in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PTLO shares.
View PTLO analyst ratings or view top-rated stocks.

5 Wall Street research analysts have issued 1-year price objectives for Portillo's' stock. Their PTLO share price forecasts range from $22.00 to $26.00. On average, they anticipate the company's stock price to reach $24.80 in the next twelve months. This suggests a possible upside of 59.5% from the stock's current price.
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Portillo's' stock was trading at $16.32 at the beginning of the year. Since then, PTLO stock has decreased by 4.7% and is now trading at $15.55.
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Portillo's saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,920,000 shares, a decline of 25.7% from the August 15th total of 3,930,000 shares. Based on an average trading volume of 624,000 shares, the days-to-cover ratio is currently 4.7 days. Approximately 6.2% of the shares of the stock are sold short.
View Portillo's' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our PTLO earnings forecast.

Portillo's Inc. (NASDAQ:PTLO) announced its quarterly earnings results on Thursday, August, 3rd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.02. The firm had revenue of $169.18 million for the quarter, compared to analysts' expectations of $169.59 million. Portillo's had a trailing twelve-month return on equity of 3.35% and a net margin of 1.88%. The company's revenue was up 12.3% on a year-over-year basis. During the same period last year, the company earned $0.13 EPS.

(PTLO) raised $375 million in an initial public offering (IPO) on Thursday, October 21st 2021. The company issued 20,270,270 shares at a price of $17.00-$20.00 per share.

Portillo's trades on the NASDAQ under the ticker symbol "PTLO."

Portillo's' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.14%), Franklin Resources Inc. (2.43%), Principal Financial Group Inc. (2.36%), Point72 Asset Management L.P. (1.91%), Granahan Investment Management LLC (1.63%) and Nuveen Asset Management LLC (1.58%). Insiders that own company stock include George Richard Cook III, Jill Francine Waite, Michael Osanloo and Nicholas Anthony Scarpino.
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Shares of PTLO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PTLO stock can currently be purchased for approximately $15.55.

Portillo's (NASDAQ:PTLO) has a market capitalization of $856.81 million and generates $587.10 million in revenue each year. The company earns $10.85 million in net income (profit) each year or $0.23 on an earnings per share basis.

The company employs 8,040 workers across the globe.

The official website for the company is www.portillos.com. The company can be reached via phone at 630-954-3773 or via email at investors@portillos.com.