Analysts Set Portillo's Inc. (NASDAQ:PTLO) Price Target at $14.00

Shares of Portillo's Inc. (NASDAQ:PTLO - Get Free Report) have received a consensus rating of "Hold" from the seven analysts that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $14.00.

A number of equities analysts recently issued reports on PTLO shares. Stephens restated an "equal weight" rating and set a $13.00 price objective on shares of Portillo's in a report on Wednesday, November 6th. Stifel Nicolaus lowered shares of Portillo's from a "buy" rating to a "hold" rating and set a $13.00 target price for the company. in a research note on Wednesday, November 6th. Finally, UBS Group lifted their price objective on shares of Portillo's from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th.

Portillo's Trading Up 2.6 %

Shares of PTLO traded up $0.24 during midday trading on Friday, hitting $9.51. The stock had a trading volume of 864,195 shares, compared to its average volume of 1,200,198. The stock's 50 day moving average is $10.83 and its 200 day moving average is $11.15. The firm has a market cap of $705.85 million, a PE ratio of 22.64, a price-to-earnings-growth ratio of 10.96 and a beta of 1.68. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. Portillo's has a 1 year low of $8.38 and a 1 year high of $16.17.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. The business had revenue of $178.25 million during the quarter, compared to the consensus estimate of $182.07 million. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. As a group, analysts forecast that Portillo's will post 0.3 EPS for the current fiscal year.

Institutional Trading of Portillo's

Institutional investors and hedge funds have recently made changes to their positions in the company. Engaged Capital LLC increased its position in Portillo's by 121.5% during the 3rd quarter. Engaged Capital LLC now owns 6,114,956 shares of the company's stock valued at $82,368,000 after purchasing an additional 3,354,513 shares during the period. Hodges Capital Management Inc. bought a new position in shares of Portillo's during the third quarter valued at approximately $12,337,000. Squarepoint Ops LLC increased its holdings in Portillo's by 307.9% during the second quarter. Squarepoint Ops LLC now owns 522,580 shares of the company's stock valued at $5,079,000 after buying an additional 394,479 shares during the period. Millennium Management LLC raised its stake in Portillo's by 499.4% in the second quarter. Millennium Management LLC now owns 392,167 shares of the company's stock worth $3,812,000 after buying an additional 326,743 shares in the last quarter. Finally, Emerald Advisers LLC lifted its holdings in Portillo's by 29.4% during the third quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company's stock worth $17,137,000 after buying an additional 288,675 shares during the period. 98.34% of the stock is currently owned by institutional investors.

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.