Portillo’s Inc. (NASDAQ:PTLO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Portillo’s Inc. (NASDAQ:PTLO) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $5.9250.

A number of research analysts have weighed in on PTLO shares. Stifel Nicolaus decreased their target price on shares of Portillo’s from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Morgan Stanley cut their price target on Portillo’s from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Roth Capital set a $8.00 price objective on Portillo’s in a research note on Wednesday, May 6th. Robert W. Baird upgraded Portillo’s to a “hold” rating in a report on Monday, August 24th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Portillo’s in a research note on Monday, August 3rd.

Insider Transactions at Portillo’s

In related news, Director Eugene I. Lee, Jr. acquired 65,355 shares of Portillo’s stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average cost of $4.59 per share, for a total transaction of $299,979.45. Following the acquisition, the director owned 551,770 shares in the company, valued at approximately $2,532,624.30. This represents a 13.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 6.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Portillo’s

Institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LP lifted its holdings in shares of Portillo’s by 501.5% in the 2nd quarter. Corient Private Wealth LP now owns 269,248 shares of the company’s stock worth $1,276,000 after acquiring an additional 224,486 shares during the last quarter. Deutsche Bank AG raised its position in Portillo’s by 29.5% in the second quarter. Deutsche Bank AG now owns 65,667 shares of the company’s stock valued at $311,000 after purchasing an additional 14,973 shares during the period. Russell Investments Group Ltd. raised its position in Portillo’s by 283.1% in the second quarter. Russell Investments Group Ltd. now owns 36,556 shares of the company’s stock valued at $173,000 after purchasing an additional 27,014 shares during the period. Essential Partners LLC lifted its stake in Portillo’s by 83,350.0% during the first quarter. Essential Partners LLC now owns 5,007 shares of the company’s stock worth $26,000 after purchasing an additional 5,001 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Portillo’s by 3.3% during the first quarter. Bank of America Corp DE now owns 704,602 shares of the company’s stock worth $3,727,000 after purchasing an additional 22,744 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Portillo’s Price Performance

NASDAQ:PTLO opened at $4.70 on Wednesday. The company has a quick ratio of 0.20, a current ratio of 0.26 and a debt-to-equity ratio of 0.46. Portillo’s has a 52 week low of $3.78 and a 52 week high of $7.12. The stock’s 50-day moving average price is $4.65 and its 200-day moving average price is $4.92. The stock has a market capitalization of $356.93 million, a PE ratio of 26.11, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. Portillo’s had a net margin of 1.85% and a return on equity of 2.78%. The firm had revenue of $198.95 million for the quarter, compared to analysts’ expectations of $199.22 million. During the same quarter last year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities analysts expect that Portillo’s will post 0.19 EPS for the current fiscal year.

Portillo’s Company Profile

Portillo’s, Inc operates a fast‐casual restaurant chain best known for its Chicago‐style menu, featuring Italian beef sandwiches, Chicago‐style hot dogs, char‐grilled burgers, salads, crinkle‐cut fries and hand‐spun milkshakes. In addition to its signature sandwiches and dogs, the company offers a selection of desserts—including its famous chocolate cake and frozen custard—as well as catering services designed to bring its Midwestern flavors to corporate and social events.

The company was founded in 1963 by Dick Portillo, who opened the first Portillo’s in Villa Park, Illinois.