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

Portillo’s Inc. (NASDAQ:PTLOGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $14.00.

PTLO has been the topic of a number of research reports. UBS Group cut their target price on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley reduced their price objective on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Stifel Nicolaus upgraded Portillo’s from a “hold” rating to a “buy” rating and increased their target price for the company from $13.00 to $16.00 in a research note on Monday, January 27th. Finally, Stephens reissued an “equal weight” rating and set a $13.00 price target on shares of Portillo’s in a research report on Wednesday, November 6th.

Get Our Latest Stock Report on PTLO

Portillo’s Stock Performance

Shares of NASDAQ:PTLO opened at $13.91 on Tuesday. The firm has a market capitalization of $1.03 billion, a PE ratio of 33.12, a P/E/G ratio of 14.32 and a beta of 1.72. Portillo’s has a 12 month low of $8.38 and a 12 month high of $16.17. 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 business has a 50-day moving average of $10.63 and a two-hundred day moving average of $11.46.

Portillo’s (NASDAQ:PTLOGet Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $178.25 million during the quarter, compared to the consensus estimate of $182.07 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS. As a group, research analysts forecast that Portillo’s will post 0.35 earnings per share for the current year.

Institutional Investors Weigh In On Portillo’s

A number of hedge funds have recently bought and sold shares of PTLO. Point72 DIFC Ltd purchased a new position in shares of Portillo’s during the 2nd quarter valued at approximately $29,000. NBC Securities Inc. boosted its stake in Portillo’s by 43.5% during the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock valued at $44,000 after acquiring an additional 1,000 shares during the last quarter. Ridgewood Investments LLC bought a new position in Portillo’s during the 4th quarter valued at $47,000. nVerses Capital LLC acquired a new position in Portillo’s during the 3rd quarter worth $69,000. Finally, Savant Capital LLC bought a new stake in shares of Portillo’s in the 4th quarter worth about $96,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

About Portillo’s

(Get Free Report

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.

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Analyst Recommendations for Portillo's (NASDAQ:PTLO)

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