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

Portillo’s Inc. (NASDAQ:PTLO) has earned a consensus recommendation of “Hold” from the seven brokerages that are 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 1 year price objective among brokers that have covered the stock in the last year is $13.57.

Several equities analysts have recently commented on the company. UBS Group reduced their target price on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday. Stephens restated an “equal weight” rating and set a $13.00 price objective on shares of Portillo’s in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus cut Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price objective on the stock. in a research note on Wednesday, November 6th.

Portillo’s Stock Performance

Portillo’s stock opened at $9.20 on Friday. The stock has a market cap of $682.84 million, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 10.96 and a beta of 1.72. 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 stock has a 50 day moving average of $10.62 and a 200-day moving average of $11.15. Portillo’s has a 52 week low of $8.38 and a 52 week high of $16.17.

Portillo’s (NASDAQ:PTLO) last released 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. The company had revenue of $178.25 million during the quarter, compared to analysts’ expectations of $182.07 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 EPS. On average, analysts expect that Portillo’s will post 0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Portillo’s

A number of hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in Portillo’s by 10.9% in the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock valued at $24,086,000 after buying an additional 175,999 shares during the last quarter. Franklin Resources Inc. lifted its stake in Portillo’s by 2.6% in the third quarter. Franklin Resources Inc. now owns 1,291,846 shares of the company’s stock valued at $15,838,000 after buying an additional 32,810 shares during the last quarter. Barclays PLC lifted its stake in Portillo’s by 55.6% in the third quarter. Barclays PLC now owns 117,430 shares of the company’s stock valued at $1,581,000 after buying an additional 41,944 shares during the last quarter. First Dallas Securities Inc. bought a new stake in Portillo’s in the third quarter valued at $300,000. Finally, Geode Capital Management LLC lifted its stake in Portillo’s by 4.0% in the third quarter. Geode Capital Management LLC now owns 1,270,142 shares of the company’s stock valued at $17,113,000 after buying an additional 49,181 shares during the last quarter. 98.34% of the stock is currently owned by 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.