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

Shares of Portillo’s Inc. (NASDAQ:PTLO) have received an average rating of “Hold” from the thirteen research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $7.0227.

Several analysts have recently commented on the stock. Stephens reissued an “equal weight” rating and set a $6.00 price target on shares of Portillo’s in a research note on Tuesday, May 5th. Roth Mkm set a $8.00 price target on shares of Portillo’s in a research note on Wednesday, May 6th. DA Davidson assumed coverage on shares of Portillo’s in a research note on Friday, March 6th. They set a “neutral” rating and a $5.50 price target on the stock. Wolfe Research assumed coverage on shares of Portillo’s in a research note on Monday, March 9th. They set a “peer perform” rating on the stock. Finally, Morgan Stanley decreased their price target on shares of Portillo’s from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th.

Portillo’s Stock Performance

NASDAQ:PTLO opened at $4.33 on Friday. Portillo’s has a 12-month low of $3.78 and a 12-month high of $12.37. The company has a quick ratio of 0.22, a current ratio of 0.26 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $328.26 million, a PE ratio of 20.62, a price-to-earnings-growth ratio of 0.62 and a beta of 1.59. The firm has a 50-day moving average price of $4.83 and a 200 day moving average price of $5.11.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). The firm had revenue of $182.62 million for the quarter, compared to analyst estimates of $183.27 million. Portillo’s had a return on equity of 3.17% and a net margin of 2.12%.The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 EPS. Research analysts anticipate that Portillo’s will post 0.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Portillo’s news, Director Eugene I. Lee, Jr. bought 70,165 shares of the company’s stock in a transaction on Monday, May 11th. The stock was bought at an average price of $4.28 per share, for a total transaction of $300,306.20. Following the transaction, the director owned 486,415 shares of the company’s stock, valued at approximately $2,081,856.20. The trade was a 16.86% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.34% of the company’s stock.

Institutional Trading of Portillo’s

Several institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC bought a new position in shares of Portillo’s during the fourth quarter worth $10,350,000. Engaged Capital LLC boosted its position in shares of Portillo’s by 124.3% during the first quarter. Engaged Capital LLC now owns 3,442,990 shares of the company’s stock worth $18,213,000 after purchasing an additional 1,908,000 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Portillo’s by 16.8% during the second quarter. Alliancebernstein L.P. now owns 5,777,921 shares of the company’s stock worth $67,428,000 after purchasing an additional 830,460 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Portillo’s by 133.5% during the fourth quarter. Renaissance Technologies LLC now owns 1,204,897 shares of the company’s stock worth $5,470,000 after purchasing an additional 688,800 shares in the last quarter. Finally, Bridgeway Capital Management LLC bought a new position in shares of Portillo’s during the third quarter worth $2,609,000. Institutional investors own 98.34% of the company’s stock.

About Portillo’s

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.