Portillo’s Inc. (NASDAQ:PTLO) Given Average Recommendation of “Moderate Buy” by Analysts

Portillo’s Inc. (NASDAQ:PTLO) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently 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 twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $14.29.

PTLO has been the topic of several recent research reports. Stephens increased their target price on Portillo’s from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. UBS Group lowered their price objective on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley lowered their price objective on 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. Finally, Stifel Nicolaus raised their price objective on Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 28th.

Institutional Trading of Portillo’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PTLO. Hollencrest Capital Management lifted its position in Portillo’s by 100.0% during the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $38,000 after acquiring an additional 2,000 shares during the period. Ridgewood Investments LLC acquired a new stake in Portillo’s during the 4th quarter worth about $47,000. Comerica Bank lifted its position in Portillo’s by 172.6% during the 4th quarter. Comerica Bank now owns 5,395 shares of the company’s stock worth $51,000 after acquiring an additional 3,416 shares during the period. Fund 1 Investments LLC acquired a new stake in Portillo’s during the 4th quarter worth about $53,000. Finally, BNP Paribas Financial Markets acquired a new stake in Portillo’s during the 4th quarter worth about $62,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Portillo’s Stock Down 7.9 %

Shares of NASDAQ PTLO opened at $12.27 on Wednesday. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $915.38 million, a PE ratio of 29.21, a price-to-earnings-growth ratio of 14.77 and a beta of 1.80. The stock’s fifty day simple moving average is $13.35 and its two-hundred day simple moving average is $12.22. Portillo’s has a 12-month low of $8.38 and a 12-month high of $15.78.

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 the consensus estimate of $0.02 by $0.15. The business had revenue of $184.61 million for the quarter, compared to analysts’ expectations of $185.16 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. As a group, analysts expect that Portillo’s will post 0.35 EPS for the current fiscal year.

About Portillo’s

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.