Brokerages Set Portillo's Inc. (NASDAQ:PTLO) PT at $13.86

Shares of Portillo's Inc. (NASDAQ:PTLO - Get Free Report) have received a consensus rating of "Hold" from the eight analysts that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $13.71.

A number of equities analysts have recently issued reports on PTLO shares. UBS Group dropped their price objective on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Baird R W cut Portillo's from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Stephens boosted their price target on Portillo's from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Morgan Stanley set a $12.00 target price on Portillo's in a research note on Monday. Finally, Robert W. Baird reissued a "neutral" rating and set a $12.00 price target (down from $15.00) on shares of Portillo's in a research report on Monday, April 7th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. lifted its stake in shares of Portillo's by 137.6% during the first quarter. North Star Investment Management Corp. now owns 3,517 shares of the company's stock worth $42,000 after buying an additional 2,037 shares during the period. Hollencrest Capital Management lifted its position in Portillo's by 100.0% during the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock worth $38,000 after acquiring an additional 2,000 shares during the period. Ridgewood Investments LLC acquired a new stake in Portillo's during the 4th quarter worth about $47,000. Comerica Bank grew its stake in Portillo's by 172.6% during the 4th quarter. Comerica Bank now owns 5,395 shares of the company's stock valued at $51,000 after purchasing an additional 3,416 shares during the last quarter. Finally, Fund 1 Investments LLC acquired a new position in shares of Portillo's in the fourth quarter valued at about $53,000. Institutional investors and hedge funds own 98.34% of the company's stock.

Portillo's Trading Down 2.6 %

NASDAQ:PTLO traded down $0.31 during midday trading on Friday, hitting $11.53. The stock had a trading volume of 1,385,736 shares, compared to its average volume of 1,352,026. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average of $12.97 and a 200 day moving average of $12.08. The company has a market capitalization of $860.17 million, a price-to-earnings ratio of 27.45, a PEG ratio of 14.77 and a beta of 1.82. Portillo's has a one year low of $8.38 and a one year high of $15.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.02 by $0.15. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The firm had revenue of $184.61 million for the quarter, compared to analyst estimates of $185.16 million. During the same quarter last year, the firm posted $0.13 earnings per share. The business's revenue for the quarter was down 1.7% on a year-over-year basis. As a group, sell-side analysts forecast that Portillo's will post 0.35 EPS for the current 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.