Brokerages Set Portillo’s Inc. (NASDAQ:PTLO) PT at $13.71

Shares of Portillo’s Inc. (NASDAQ:PTLO) have been given an average rating of “Hold” by the nine analysts that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $13.71.

Several equities analysts have commented on the stock. Robert W. Baird reissued a “neutral” rating and set a $12.00 target price (down from $15.00) on shares of Portillo’s in a research report on Monday, April 7th. Piper Sandler lowered their target price on shares of Portillo’s from $17.00 to $13.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 7th. Morgan Stanley set a $12.00 target price on shares of Portillo’s in a research report on Monday, April 14th. Baird R W cut shares of Portillo’s from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Finally, UBS Group decreased their price target on shares of Portillo’s from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th.

Insiders Place Their Bets

In related news, Director Berkshire Partners Llc sold 10,000,000 shares of the company’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $12.23, for a total transaction of $122,300,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.14% of the company’s stock.

Institutional Trading of Portillo’s

A number of hedge funds have recently modified their holdings of PTLO. Hollencrest Capital Management raised its position in shares of Portillo’s by 100.0% in the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock valued at $38,000 after acquiring an additional 2,000 shares during the period. CWM LLC increased its stake in Portillo’s by 58.3% during the 1st quarter. CWM LLC now owns 3,194 shares of the company’s stock worth $38,000 after purchasing an additional 1,176 shares in the last quarter. North Star Investment Management Corp. increased its stake in Portillo’s by 137.6% during the 1st quarter. North Star Investment Management Corp. now owns 3,517 shares of the company’s stock worth $42,000 after purchasing an additional 2,037 shares in the last quarter. Comerica Bank increased its stake in Portillo’s by 172.6% during the 4th quarter. Comerica Bank now owns 5,395 shares of the company’s stock worth $51,000 after purchasing an additional 3,416 shares in the last quarter. Finally, Fund 1 Investments LLC bought a new stake in Portillo’s during the 4th quarter worth approximately $53,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Portillo’s Trading Up 3.1%

NASDAQ PTLO opened at $11.59 on Monday. Portillo’s has a 1-year low of $8.38 and a 1-year high of $15.78. 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 company has a market capitalization of $867.11 million, a PE ratio of 27.60, a price-to-earnings-growth ratio of 14.77 and a beta of 1.87. The firm’s fifty day simple moving average is $11.49 and its 200-day simple moving average is $11.83.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The business had revenue of $176.44 million for the quarter, compared to the consensus estimate of $180.76 million. During the same period in the prior year, the business posted $0.08 earnings per share. Portillo’s’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Portillo’s will post 0.35 earnings per share for the current fiscal year.

Portillo’s Company Profile

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.