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

Shares of Portillo’s Inc. (NASDAQ:PTLO) have received an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.00.

Several equities analysts have commented on PTLO shares. Stephens reissued an “equal weight” rating and set a $13.00 target price on shares of Portillo’s in a research report on Wednesday, November 6th. UBS Group boosted their price objective on Portillo’s from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus cut Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price on the stock. in a research note on Wednesday, November 6th.

Portillo’s Trading Down 1.4 %

NASDAQ PTLO opened at $9.27 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $10.90 and a 200 day simple moving average of $11.15. Portillo’s has a 12 month low of $8.38 and a 12 month high of $16.17. The firm has a market capitalization of $688.04 million, a P/E ratio of 22.07, a PEG ratio of 10.96 and a beta of 1.68.

Portillo’s (NASDAQ:PTLO) last announced its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The company had revenue of $178.25 million during the quarter, compared to the consensus estimate of $182.07 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that Portillo’s will post 0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Portillo’s

Several institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new stake in shares of Portillo’s in the second quarter valued at approximately $29,000. NBC Securities Inc. raised its holdings 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 period. AdvisorShares Investments LLC purchased a new stake in shares of Portillo’s during the second quarter worth $52,000. nVerses Capital LLC purchased a new stake in shares of Portillo’s during the third quarter worth $69,000. Finally, Arizona State Retirement System boosted its holdings in shares of Portillo’s by 24.9% in the second quarter. Arizona State Retirement System now owns 16,354 shares of the company’s stock worth $159,000 after acquiring an additional 3,261 shares during the period. 98.34% of the stock is owned by hedge funds and other institutional investors.

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.