Brokerages Set Portillo’s Inc. (NASDAQ:PTLO) PT at $14.00

Portillo’s Inc. (NASDAQ:PTLO) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $14.29.

PTLO has been the subject of a number of recent research reports. Morgan Stanley reduced their target price on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. UBS Group reduced their target price on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus boosted their target price on shares of Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Friday. Finally, Stephens upped their price objective on shares of Portillo’s from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday.

Portillo’s Trading Down 0.1 %

PTLO stock opened at $13.97 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. The company has a fifty day moving average price of $12.25 and a two-hundred day moving average price of $12.08. Portillo’s has a one year low of $8.38 and a one year high of $15.78. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 14.77 and a beta of 1.81.

Portillo’s (NASDAQ:PTLO) last announced its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. The company had revenue of $184.61 million during the quarter, compared to analysts’ expectations of $185.16 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. Portillo’s’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 earnings per share. Equities analysts anticipate that Portillo’s will post 0.35 EPS for the current year.

Institutional Investors Weigh In On Portillo’s

Several institutional investors and hedge funds have recently bought and sold shares of PTLO. Allspring Global Investments Holdings LLC acquired a new position in Portillo’s during the third quarter worth about $3,165,000. Rice Hall James & Associates LLC raised its stake in Portillo’s by 51.2% during the third quarter. Rice Hall James & Associates LLC now owns 207,945 shares of the company’s stock worth $2,801,000 after acquiring an additional 70,409 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in Portillo’s by 11.8% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 899,461 shares of the company’s stock worth $12,116,000 after acquiring an additional 94,817 shares in the last quarter. Emerald Advisers LLC raised its stake in Portillo’s by 29.4% during the third quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company’s stock worth $17,137,000 after acquiring an additional 288,675 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Portillo’s by 10.9% during the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock worth $24,086,000 after acquiring an additional 175,999 shares in the last quarter. 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.