Portillo’s Inc. (NASDAQ:PTLO) Given Consensus Rating of “Moderate Buy” by Analysts

Portillo’s Inc. (NASDAQ:PTLO) has been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $14.00.

A number of equities analysts have commented on the company. Morgan Stanley decreased their target price on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Stifel Nicolaus upgraded Portillo’s from a “hold” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $16.00 in a research report on Monday, January 27th. Stephens reiterated an “equal weight” rating and issued a $13.00 target price on shares of Portillo’s in a research note on Wednesday, November 6th. Finally, UBS Group lowered their price target on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th.

Portillo’s Stock Performance

PTLO stock opened at $13.91 on Tuesday. The stock’s 50 day simple moving average is $10.63 and its 200 day simple moving average is $11.46. Portillo’s has a 12-month low of $8.38 and a 12-month high of $16.17. The firm has a market cap of $1.03 billion, a P/E ratio of 33.12, a P/E/G ratio of 14.32 and a beta of 1.72. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58.

Portillo’s (NASDAQ:PTLO) last issued its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The company had revenue of $178.25 million for the quarter, compared to analysts’ expectations of $182.07 million. During the same period in the prior year, the company earned $0.07 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts predict that Portillo’s will post 0.35 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its position in Portillo’s by 10.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock valued at $24,086,000 after buying an additional 175,999 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Portillo’s by 229.0% in the fourth quarter. Fifth Third Bancorp now owns 43,100 shares of the company’s stock valued at $405,000 after acquiring an additional 30,000 shares in the last quarter. Engaged Capital LLC boosted its holdings in shares of Portillo’s by 121.5% in 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. Barclays PLC increased its stake in shares of Portillo’s by 55.6% during the third quarter. Barclays PLC now owns 117,430 shares of the company’s stock valued at $1,581,000 after acquiring an additional 41,944 shares during the period. Finally, Hodges Capital Management Inc. bought a new stake in Portillo’s during the third quarter worth approximately $12,337,000. 98.34% of the stock is owned by institutional investors and hedge funds.

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.