Portillo’s Inc. (NASDAQ:PTLO) Stock Has Average Target Price of $6.09

Shares of Portillo’s Inc. (NASDAQ:PTLO) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $6.41.

Several brokerages recently weighed in on PTLO. UBS Group increased their price objective on Portillo’s from $4.50 to $7.00 and gave the stock a “neutral” rating in a research report on Monday. Weiss Ratings restated a “sell (d)” rating on shares of Portillo’s in a research report on Friday, October 30th. Stephens lifted their target price on Portillo’s from $5.00 to $7.00 and gave the company an “equal weight” rating in a research report on Friday, November 6th. Wall Street Zen raised Portillo’s from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Robert W. Baird raised Portillo’s to a “hold” rating in a research note on Monday, August 24th.

Institutional Trading of Portillo’s

Several institutional investors and hedge funds have recently bought and sold shares of PTLO. Essential Partners LLC lifted its position in Portillo’s by 83,350.0% in the first quarter. Essential Partners LLC now owns 5,007 shares of the company’s stock valued at $26,000 after buying an additional 5,001 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Portillo’s during the third quarter valued at about $68,000. Russell Investments Group Ltd. increased its position in shares of Portillo’s by 283.1% during the second quarter. Russell Investments Group Ltd. now owns 36,556 shares of the company’s stock valued at $173,000 after acquiring an additional 27,014 shares during the last quarter. Deutsche Bank AG increased its position in shares of Portillo’s by 29.5% during the second quarter. Deutsche Bank AG now owns 65,667 shares of the company’s stock valued at $311,000 after acquiring an additional 14,973 shares during the last quarter. Finally, Capstone Financial Advisors Inc. raised its stake in shares of Portillo’s by 34.0% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 78,745 shares of the company’s stock valued at $373,000 after acquiring an additional 20,000 shares during the period. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Portillo’s Stock Performance

Portillo’s stock opened at $7.09 on Monday. The firm has a 50 day simple moving average of $4.45 and a 200-day simple moving average of $4.85. Portillo’s has a 1-year low of $3.29 and a 1-year high of $7.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.27 and a quick ratio of 0.20. The stock has a market cap of $538.41 million, a price-to-earnings ratio of 32.23, a price-to-earnings-growth ratio of 6.33 and a beta of 1.51.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The business had revenue of $194.07 million during the quarter, compared to the consensus estimate of $193.18 million. Portillo’s had a net margin of 2.25% and a return on equity of 3.39%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 EPS. On average, analysts expect that Portillo’s will post 0.18 EPS for the current year.

About Portillo’s

Portillo’s operates fast-casual restaurants known for Chicago-style food. Its menu features Chicago-style hot dogs, Italian beef sandwiches, char-grilled burgers, salads, ribs, chocolate cake and milkshakes. The company began in 1963, when founder Dick Portillo opened a hot dog stand called The Dog House in Villa Park, Illinois. It has since grown into a restaurant chain serving customers in Illinois and other U.S. states, including Arizona, Florida, Indiana, Iowa, Michigan, Texas and Wisconsin.