Portillo’s Inc. (NASDAQ:PTLO) Receives $14.00 Average Target Price from Analysts

Shares of Portillo’s Inc. (NASDAQ:PTLOGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Three investment 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 brokerages that have issued a report on the stock in the last year is $14.00.

A number of equities analysts have weighed in on PTLO shares. Stifel Nicolaus raised shares of Portillo’s from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $16.00 in a research note on Monday, January 27th. Morgan Stanley cut their target price on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. UBS Group cut their target price on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Stephens reissued an “equal weight” rating and issued a $13.00 target price on shares of Portillo’s in a research note on Wednesday, November 6th.

Get Our Latest Stock Analysis on Portillo’s

Portillo’s Stock Performance

NASDAQ:PTLO opened at $13.57 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The company has a market cap of $1.01 billion, a P/E ratio of 32.31, a P/E/G ratio of 14.77 and a beta of 1.82. Portillo’s has a fifty-two week low of $8.38 and a fifty-two week high of $16.17. The firm’s 50 day moving average is $11.93 and its two-hundred day moving average is $12.02.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management lifted its position in shares of Portillo’s by 100.0% in the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $38,000 after buying an additional 2,000 shares during the last quarter. Ridgewood Investments LLC bought a new position in shares of Portillo’s in the 4th quarter worth about $47,000. Comerica Bank lifted its position in shares of Portillo’s by 172.6% in the 4th quarter. Comerica Bank now owns 5,395 shares of the company’s stock worth $51,000 after buying an additional 3,416 shares during the last quarter. Fund 1 Investments LLC bought a new position in shares of Portillo’s in the 4th quarter worth about $53,000. Finally, BNP Paribas Financial Markets bought a new stake in Portillo’s in the 4th quarter valued at about $62,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Portillo’s Company Profile

(Get Free Report

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.

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Analyst Recommendations for Portillo's (NASDAQ:PTLO)

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