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

Portillo’s Inc. (NASDAQ:PTLO) has been given an average rating of “Moderate Buy” by the seven brokerages that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $14.29.

A number of equities analysts have weighed in on PTLO shares. Stephens lifted their price objective on Portillo’s from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. UBS Group cut their price target on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley cut their price target 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. Finally, Stifel Nicolaus lifted their price target on Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, February 28th.

Institutional Investors Weigh In On Portillo’s

Several large investors have recently bought and sold shares of PTLO. Victory Capital Management Inc. increased its stake in 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 buying an additional 15,175 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Portillo’s during the 3rd quarter worth approximately $181,000. Charles Schwab Investment Management Inc. increased its stake in Portillo’s by 6.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 458,417 shares of the company’s stock worth $6,175,000 after buying an additional 26,588 shares in the last quarter. Soros Capital Management LLC increased its stake in Portillo’s by 51.9% during the 3rd quarter. Soros Capital Management LLC now owns 49,020 shares of the company’s stock worth $660,000 after buying an additional 16,758 shares in the last quarter. Finally, Engaged Capital LLC increased its stake in Portillo’s by 121.5% during the 3rd quarter. Engaged Capital LLC now owns 6,114,956 shares of the company’s stock worth $82,368,000 after buying an additional 3,354,513 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Portillo’s Stock Performance

NASDAQ PTLO opened at $12.27 on Wednesday. The stock has a 50-day simple moving average of $13.35 and a two-hundred day simple moving average of $12.22. The firm has a market capitalization of $915.38 million, a P/E ratio of 29.21, a PEG ratio of 14.77 and a beta of 1.80. Portillo’s has a fifty-two week low of $8.38 and a fifty-two week high of $15.78. 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 (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. The business had revenue of $184.61 million during the quarter, compared to analyst estimates of $185.16 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The company’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. On average, equities analysts forecast that Portillo’s will post 0.35 earnings per share for the current 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.