Portillo’s (NASDAQ:PTLO – Get Free Report) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday, Wall Street Zen reports.
A number of other equities research analysts also recently weighed in on the company. UBS Group cut their target price on Portillo’s from $5.50 to $4.50 and set a “neutral” rating for the company in a research report on Friday, October 9th. Robert W. Baird upgraded Portillo’s to a “hold” rating in a research report on Monday, August 24th. Stephens lifted their price target on Portillo’s from $5.00 to $7.00 and gave the company an “equal weight” rating in a research report on Friday. Weiss Ratings reissued a “sell (d)” rating on shares of Portillo’s in a research note on Friday, October 30th. Finally, DA Davidson upped their price objective on Portillo’s from $5.00 to $7.00 and gave the company a “neutral” rating in a report on Friday. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Portillo’s has a consensus rating of “Hold” and an average target price of $6.41.
View Our Latest Report on PTLO
Portillo’s Stock Up 3.8%
Portillo’s stock opened at $6.89 on Friday. Portillo’s has a 52 week low of $3.29 and a 52 week high of $7.07. The stock has a market cap of $523.23 million, a price-to-earnings ratio of 30.28, a PEG ratio of 4.81 and a beta of 1.51. The company’s 50-day moving average price is $4.35 and its two-hundred day moving average price is $4.83. The company has a current ratio of 0.26, a quick ratio of 0.20 and a debt-to-equity ratio of 0.46.
Portillo’s (NASDAQ:PTLO – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $194.07 million during the quarter, compared to analyst estimates of $193.18 million. Portillo’s had a net margin of 1.85% and a return on equity of 2.78%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.02 EPS. On average, analysts expect that Portillo’s will post 0.19 EPS for the current fiscal year.
Insider Buying and Selling at Portillo’s
In related news, Director I Jr bought 65,355 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average cost of $4.59 per share, for a total transaction of $299,979.45. Following the acquisition, the director directly 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 transaction was disclosed in a document filed with the SEC, which is available through this link. 6.34% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Portillo’s
Hedge funds have recently modified their holdings of the stock. Engaged Capital LLC raised its stake in shares of Portillo’s by 124.3% during the 1st 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. Corient Private Wealth LP increased its holdings in 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 buying an additional 224,486 shares during the last quarter. State Street Corp increased its holdings in Portillo’s by 12.9% in the second quarter. State Street Corp now owns 1,454,163 shares of the company’s stock worth $6,893,000 after buying an additional 166,617 shares during the last quarter. Capstone Financial Advisors Inc. increased its holdings in Portillo’s by 34.0% in 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 during the last quarter. Finally, Squarepoint Ops LLC raised its position in Portillo’s by 8.7% during the second quarter. Squarepoint Ops LLC now owns 131,888 shares of the company’s stock valued at $625,000 after acquiring an additional 10,570 shares in the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.
More Portillo’s News
Here are the key news stories impacting Portillo’s this week:
- Positive Sentiment: Roth MKM maintained its Buy rating on Portillo’s, providing continued analyst support. Roth MKM Sticks to Its Buy Rating for Portillo’s
- Positive Sentiment: Portillo’s plans to close underperforming restaurants outside Chicagoland and use a 2028 restaurant prototype that is 40% smaller than prior formats. A smaller footprint may improve operating efficiency and returns, though benefits depend on execution. Portillo’s: 3 Key Takeaways for Long-Term Investors
- Neutral Sentiment: UBS raised its price target to $7 from $4.50 but kept a Neutral rating. The new target implies only about 1.6% upside from the cited $6.89 share price, suggesting limited near-term upside in UBS’s view. UBS Raises Portillo’s Price Target
- Neutral Sentiment: Wall Street Zen reportedly raised its rating to Hold, indicating a more cautious, rather than strongly bullish, stance. Portillo’s Raised to Hold at Wall Street Zen
- Negative Sentiment: A Seeking Alpha article argued that the share price already reflects Portillo’s turnaround, taking a Sell view and raising concern that optimism may be priced in. Portillo’s: The Share Price Reflects The Turnaround — Sell
Portillo’s Company Profile
Portillo’s, Inc operates a chain of fast-casual restaurants known for Chicago-style food. Its menu features Italian beef and Italian sausage sandwiches, Chicago-style hot dogs, hamburgers, chicken sandwiches, salads, french fries, shakes and other desserts.
The company traces its origins to 1963, when Dick Portillo opened a small hot dog stand called The Dog House in Villa Park, Illinois. Portillo’s has since expanded from its Chicago-area roots into a multi-state restaurant business, with locations primarily in the United States.
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