Portillo's Inc. (NASDAQ:PTLO) Given Average Recommendation of "Moderate Buy" by Brokerages

Portillo's Inc. (NASDAQ:PTLO - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $14.29.

A number of equities analysts recently commented on PTLO shares. Stifel Nicolaus lifted their price objective on Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. UBS Group dropped their price target on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Stephens increased their price objective on shares of Portillo's from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Finally, Morgan Stanley dropped their target price on shares of Portillo's from $15.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PTLO. Victory Capital Management Inc. boosted its position in shares of Portillo's by 23.9% during the 3rd quarter. Victory Capital Management Inc. now owns 78,766 shares of the company's stock worth $1,061,000 after purchasing an additional 15,175 shares in the last quarter. Intech Investment Management LLC acquired a new position in Portillo's during the 3rd quarter worth approximately $181,000. Charles Schwab Investment Management Inc. boosted its holdings in Portillo's by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 458,417 shares of the company's stock worth $6,175,000 after acquiring an additional 26,588 shares in the last quarter. Soros Capital Management LLC grew its stake in Portillo's by 51.9% in the third quarter. Soros Capital Management LLC now owns 49,020 shares of the company's stock valued at $660,000 after acquiring an additional 16,758 shares during the period. Finally, Engaged Capital LLC increased its holdings in shares of Portillo's by 121.5% during the third quarter. Engaged Capital LLC now owns 6,114,956 shares of the company's stock valued at $82,368,000 after acquiring an additional 3,354,513 shares in the last quarter. 98.34% of the stock is owned by institutional investors.

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Portillo's Trading Down 2.3 %

NASDAQ PTLO traded down $0.28 on Wednesday, hitting $12.08. The company's stock had a trading volume of 1,259,221 shares, compared to its average volume of 1,296,402. The company's 50-day moving average is $13.52 and its 200 day moving average is $12.22. The firm has a market cap of $901.20 million, a PE ratio of 28.76, a PEG ratio of 14.77 and a beta of 1.80. Portillo's has a 1-year low of $8.38 and a 1-year high of $15.78. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58.

Portillo's (NASDAQ:PTLO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.15. The company had revenue of $184.61 million for the quarter, compared to analysts' expectations of $185.16 million. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. Portillo's's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. As a group, analysts predict 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.