Portillo's Inc. (NASDAQ:PTLO) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Portillo's Inc. (NASDAQ:PTLO - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $14.00.

PTLO has been the topic of a number of analyst reports. UBS Group dropped their target price on Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Stifel Nicolaus raised Portillo's from a "hold" rating to a "buy" rating and upped their target price for the company from $13.00 to $16.00 in a research report on Monday. Morgan Stanley decreased their price target on shares of Portillo's from $15.00 to $13.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Finally, Stephens restated an "equal weight" rating and issued a $13.00 price target on shares of Portillo's in a research note on Wednesday, November 6th.

Portillo's Stock Up 8.1 %

Shares of NASDAQ:PTLO traded up $1.09 during mid-day trading on Tuesday, hitting $14.48. 3,157,619 shares of the company traded hands, compared to its average volume of 1,950,213. The firm's 50 day simple moving average is $10.31 and its 200 day simple moving average is $11.32. The firm has a market cap of $1.07 billion, a P/E ratio of 34.48, a PEG ratio of 12.23 and a beta of 1.72. 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 $8.38 and a 52-week high of $16.17.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. The business had revenue of $178.25 million during the quarter, compared to the consensus estimate of $182.07 million. During the same period in the prior year, the firm earned $0.07 earnings per share. The business's quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Portillo's will post 0.34 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Point72 DIFC Ltd acquired a new stake in Portillo's during the second quarter worth about $29,000. NBC Securities Inc. grew its holdings in shares of Portillo's by 43.5% during the third quarter. NBC Securities Inc. now owns 3,300 shares of the company's stock valued at $44,000 after purchasing an additional 1,000 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Portillo's during the 4th quarter worth approximately $47,000. nVerses Capital LLC bought a new stake in shares of Portillo's in the 3rd quarter worth approximately $69,000. Finally, Sonora Investment Management Group LLC acquired a new position in Portillo's during the 4th quarter valued at approximately $98,000. 98.34% of the stock is currently owned by institutional investors.

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.