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

Shares of Portillo's Inc. (NASDAQ:PTLO - Get Free Report) have been given a consensus rating of "Hold" by the seven brokerages that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $14.00.

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus lowered shares of Portillo's from a "buy" rating to a "hold" rating and set a $13.00 price objective on the stock. in a research report on Wednesday, November 6th. UBS Group increased their price target 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. Stephens restated an "equal weight" rating and set a $13.00 price objective on shares of Portillo's in a research report on Wednesday, November 6th. Finally, Bank of America decreased their target price on Portillo's from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, July 17th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PTLO. Point72 DIFC Ltd acquired a new stake in Portillo's during the second quarter worth approximately $29,000. NBC Securities Inc. grew its holdings in shares of Portillo's by 43.5% during the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company's stock worth $44,000 after purchasing an additional 1,000 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Portillo's during the 3rd quarter worth $69,000. AdvisorShares Investments LLC bought a new position in shares of Portillo's in the second quarter worth $52,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Portillo's by 17.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,963 shares of the company's stock valued at $184,000 after purchasing an additional 1,917 shares in the last quarter. 98.34% of the stock is owned by institutional investors.

Portillo's Stock Performance

Portillo's stock traded down $0.65 during midday trading on Thursday, reaching $11.43. 1,869,203 shares of the company's stock were exchanged, compared to its average volume of 1,053,693. The stock's 50-day simple moving average is $12.76 and its 200 day simple moving average is $11.26. The firm has a market cap of $834.05 million, a price-to-earnings ratio of 27.48, a P/E/G ratio of 14.38 and a beta of 1.78. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. Portillo's has a 52 week low of $8.66 and a 52 week high of $16.92.

Portillo's (NASDAQ:PTLO - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The company had revenue of $178.25 million during the quarter, compared to the consensus estimate of $182.07 million. During the same period in the previous year, the company posted $0.07 EPS. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts expect that Portillo's will post 0.29 earnings per share for the current fiscal year.

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.