Portillo’s Inc. (NASDAQ:PTLO) Stock Has Average Target Price of $5.66 According to Analysts

Portillo’s Inc. (NASDAQ:PTLO) has earned a consensus recommendation of “Hold” from the eleven research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $5.66.

A number of research firms have recently weighed in on PTLO. Wall Street Zen cut Portillo’s from a “hold” rating to a “sell” rating in a research report on Saturday. Stephens reissued an “equal weight” rating and issued a $5.00 target price on shares of Portillo’s in a report on Thursday, October 15th. Robert W. Baird upgraded shares of Portillo’s to a “hold” rating in a research note on Monday, August 24th. UBS Group decreased their target price on shares of Portillo’s from $5.50 to $4.50 and set a “neutral” rating on the stock in a research note on Friday, October 9th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Portillo’s in a report on Monday, August 3rd.

Insider Activity

In other news, Director I Jr acquired 65,355 shares of Portillo’s stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average cost of $4.59 per share, with a total value of $299,979.45. Following the completion of the purchase, the director directly owned 551,770 shares in the company, valued at approximately $2,532,624.30. This trade represents a 13.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Engaged Capital LLC boosted its holdings in Portillo’s by 124.3% in the 1st quarter. Engaged Capital LLC now owns 3,442,990 shares of the company’s stock worth $18,213,000 after buying an additional 1,908,000 shares during the period. State Street Corp increased its stake in Portillo’s by 12.9% in the 2nd quarter. State Street Corp now owns 1,454,163 shares of the company’s stock worth $6,893,000 after buying an additional 166,617 shares in the last quarter. Bank of America Corp DE raised its holdings 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 valued at $3,727,000 after acquiring an additional 22,744 shares during the period. Corient Private Wealth LP raised its holdings in Portillo’s by 501.5% during the second quarter. Corient Private Wealth LP now owns 269,248 shares of the company’s stock valued at $1,276,000 after acquiring an additional 224,486 shares during the period. Finally, Chicago Partners Investment Group LLC raised its holdings in Portillo’s by 1.0% during the first quarter. Chicago Partners Investment Group LLC now owns 263,381 shares of the company’s stock valued at $1,393,000 after acquiring an additional 2,487 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Portillo’s Price Performance

NASDAQ PTLO opened at $4.64 on Thursday. The company has a market capitalization of $352.36 million, a PE ratio of 25.89, a price-to-earnings-growth ratio of 0.99 and a beta of 1.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.20 and a current ratio of 0.26. The business’s fifty day moving average is $4.25 and its 200 day moving average is $4.57. Portillo’s has a fifty-two week low of $3.29 and a fifty-two week high of $6.69.

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 the consensus estimate of $0.09. The business had revenue of $198.95 million during the quarter, compared to analyst estimates of $199.22 million. Portillo’s had a return on equity of 2.78% and a net margin of 1.85%. Portillo’s’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.12 earnings per share. Sell-side analysts predict that Portillo’s will post 0.19 earnings per share for the current year.

Portillo’s Company Profile

Portillo’s, Inc operates a chain of fast-casual restaurants known for Chicago-style food. Its menu features Chicago-style hot dogs, Italian beef and sausage sandwiches, burgers, chicken sandwiches, salads, French fries, milkshakes and its signature chocolate cake.

The company serves customers through company-operated restaurants, drive-thru lanes, takeout and delivery services, as well as catering. Portillo’s restaurants are concentrated in the Midwest and have expanded into select Sun Belt markets, including Arizona and Florida.

Portillo’s traces its origins to 1963, when founder Dick Portillo opened a small hot dog stand called The Dog House in Villa Park, Illinois.