Portillo's Inc. (NASDAQ:PTLO) Receives $14.00 Average PT from Analysts

Portillo's Inc. (NASDAQ:PTLO - Get Free Report) has received a consensus recommendation of "Hold" from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $14.00.

Several equities analysts have recently commented on the company. UBS Group upped their target price on Portillo's from $13.00 to $14.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. 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. Finally, Stifel Nicolaus cut 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.

Portillo's Stock Performance

Portillo's stock traded down $0.17 during mid-day trading on Monday, hitting $10.32. 1,005,661 shares of the company's stock traded hands, compared to its average volume of 1,061,547. Portillo's has a fifty-two week low of $8.66 and a fifty-two week high of $16.92. The stock has a market cap of $765.95 million, a price-to-earnings ratio of 24.98, a P/E/G ratio of 12.10 and a beta of 1.69. The firm has a 50 day simple moving average of $12.16 and a two-hundred day simple moving average of $11.27. 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 (NASDAQ:PTLO - Get Free Report) last announced 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. 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%. Portillo's's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 EPS. On average, research analysts expect that Portillo's will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Portillo's

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PTLO. Franklin Resources Inc. grew its holdings in shares of Portillo's by 2.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,291,846 shares of the company's stock worth $15,838,000 after purchasing an additional 32,810 shares in the last quarter. Barclays PLC grew its stake in Portillo's by 55.6% during the third quarter. Barclays PLC now owns 117,430 shares of the company's stock worth $1,581,000 after buying an additional 41,944 shares in the last quarter. First Dallas Securities Inc. bought a new position in Portillo's in the 3rd quarter valued at about $300,000. Geode Capital Management LLC raised its position in shares of Portillo's by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,270,142 shares of the company's stock valued at $17,113,000 after buying an additional 49,181 shares in the last quarter. Finally, Hodges Capital Management Inc. bought a new stake in shares of Portillo's during the 3rd quarter worth approximately $12,337,000. 98.34% of the stock is owned by institutional investors and hedge funds.

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.