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.
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5 brokers have issued 12-month 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 start 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 decrease in short interest in the month of August. As of August 31st, there was short interest totaling 2,920,000 shares, a decrease of 25.7% from the August 15th total of 3,930,000 shares. Based on an average trading volume of 624,000 shares, the short-interest ratio is presently 4.7 days. Approximately 6.2% of the shares of the company are sold short.
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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) issued its quarterly earnings results on Thursday, August, 3rd. The company reported $0.12 earnings per share (EPS) 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 the consensus estimate of $169.59 million. Portillo's had a net margin of 1.88% and a trailing twelve-month return on equity of 3.35%. Portillo's's quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 earnings per share.

(PTLO) raised $375 million in an 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 variety of institutional and retail investors. Top institutional investors 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.