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

Shares of Portillo’s Inc. (NASDAQ:PTLO) have been given a consensus recommendation of “Hold” by the eleven analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $5.66.

Several equities research analysts have recently commented on PTLO shares. UBS Group decreased their price target on Portillo’s from $5.50 to $4.50 and set a “neutral” rating on the stock in a research note on Friday, October 9th. Weiss Ratings restated a “sell (d)” rating on shares of Portillo’s in a report on Monday, August 3rd. Robert W. Baird raised Portillo’s to a “hold” rating in a research note on Monday, August 24th. Stephens reaffirmed an “equal weight” rating and set a $5.00 price objective on shares of Portillo’s in a report on Thursday. Finally, Wall Street Zen downgraded Portillo’s from a “hold” rating to a “sell” rating in a research report on Saturday.

Insiders Place Their Bets

In other Portillo’s news, Director I Jr bought 65,355 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was 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 of the company’s stock, valued at $2,532,624.30. The trade was a 13.44% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 6.34% of the company’s stock.

Institutional Trading of Portillo’s

Several institutional investors and hedge funds have recently modified their holdings of PTLO. State Street Corp grew its holdings in Portillo’s by 12.9% during the 2nd quarter. State Street Corp now owns 1,454,163 shares of the company’s stock valued at $6,893,000 after buying an additional 166,617 shares during the last quarter. Capstone Financial Advisors Inc. increased its position in Portillo’s by 34.0% during the second quarter. Capstone Financial Advisors Inc. now owns 78,745 shares of the company’s stock worth $373,000 after buying an additional 20,000 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Portillo’s by 8.7% in the second quarter. Squarepoint Ops LLC now owns 131,888 shares of the company’s stock worth $625,000 after acquiring an additional 10,570 shares during the last quarter. Corient Private Wealth LP raised its holdings in shares of Portillo’s by 501.5% in the second 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. Finally, Deutsche Bank AG raised its holdings in shares of Portillo’s by 29.5% in the second quarter. Deutsche Bank AG now owns 65,667 shares of the company’s stock worth $311,000 after acquiring an additional 14,973 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Portillo’s Stock Down 2.7%

Shares of NASDAQ PTLO opened at $4.66 on Thursday. 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 $3.29 and a 52 week high of $6.69. The firm has a 50-day moving average price of $4.25 and a 200 day moving average price of $4.58. The stock has a market capitalization of $353.88 million, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 1.01 and a beta of 1.58.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.09 EPS for the quarter, hitting 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 the consensus estimate of $199.22 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. Equities research analysts anticipate that Portillo’s will post 0.19 EPS for the current fiscal 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.