Portillo’s Inc. (NASDAQ:PTLO) Stock Has Average Target Price of $5.92

Portillo’s Inc. (NASDAQ:PTLO) has been assigned an average rating of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $5.92.

A number of equities analysts have recently commented on PTLO shares. Stephens reaffirmed an “equal weight” rating and set a $5.00 price objective on shares of Portillo’s in a report on Thursday, August 6th. Wall Street Zen raised shares of Portillo’s from a “sell” rating to a “hold” rating in a research report on Sunday, September 6th. Robert W. Baird upgraded shares of Portillo’s to a “hold” rating in a research note on Monday, August 24th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Portillo’s in a report on Monday, August 3rd.

Portillo’s Stock Down 3.3%

Shares of PTLO stock opened at $3.49 on Friday. The stock has a market cap of $265.03 million, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 0.76 and a beta of 1.56. Portillo’s has a one year low of $3.46 and a one year high of $6.83. The stock has a fifty day moving average price of $4.42 and a 200 day moving average price of $4.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.26 and a quick ratio of 0.20.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $198.95 million for the quarter, compared to the consensus estimate of $199.22 million. Portillo’s had a net margin of 1.85% and a return on equity of 2.78%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 earnings per share. Analysts predict that Portillo’s will post 0.19 earnings per share for the current year.

Insider Activity at Portillo’s

In related news, Director I Jr bought 65,355 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average price of $4.59 per share, for a total transaction of $299,979.45. Following the transaction, the director directly owned 551,770 shares of the company’s stock, valued at $2,532,624.30. This represents a 13.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On Portillo’s

Several institutional investors and hedge funds have recently made changes to their positions in PTLO. Essential Partners LLC grew its holdings in shares of Portillo’s by 83,350.0% in the 1st quarter. Essential Partners LLC now owns 5,007 shares of the company’s stock worth $26,000 after purchasing an additional 5,001 shares during the last quarter. Allworth Financial LP lifted its holdings in Portillo’s by 235.3% during the 4th quarter. Allworth Financial LP now owns 9,243 shares of the company’s stock valued at $42,000 after purchasing an additional 6,486 shares during the last quarter. Aaron Wealth Advisors LLC acquired a new position in Portillo’s in the first quarter valued at about $53,000. First National Bank Sioux Falls acquired a new position in Portillo’s in the first quarter valued at about $56,000. Finally, Horizon Wealth Management LLC acquired a new position in Portillo’s in the first quarter valued at about $53,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

About Portillo’s

Portillo’s, Inc is a fast-casual restaurant company known for Chicago-style food and hospitality. Its menu features Italian beef sandwiches, Chicago-style hot dogs, char-grilled burgers, chicken sandwiches, salads, French fries, hand-mixed shakes and its signature chocolate cake.

The company serves customers through a network of company-owned restaurants, as well as drive-thru, pickup, delivery, catering and shipping channels. Portillo’s restaurants generally feature a distinctive Chicago-themed atmosphere and offer convenient options for dine-in and off-premise orders.

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