Portillo’s Inc. (NASDAQ:PTLO – Get 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
Portillo’s (NASDAQ:PTLO – Get 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
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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