Brokerages Set Portillo’s Inc. (NASDAQ:PTLO) Target Price at $14.29

Portillo’s Inc. (NASDAQ:PTLO) has received an average rating of “Moderate Buy” from the seven research 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 1-year target price among analysts that have issued ratings on the stock in the last year is $14.29.

A number of equities research analysts recently issued reports on PTLO shares. Morgan Stanley dropped their target price 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. Stephens increased their target price on shares of Portillo’s from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. UBS Group lowered their price objective 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. Finally, Stifel Nicolaus raised their price objective on shares of Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 28th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PTLO. Victory Capital Management Inc. boosted its stake in shares of Portillo’s by 23.9% in the 3rd quarter. Victory Capital Management Inc. now owns 78,766 shares of the company’s stock valued at $1,061,000 after purchasing an additional 15,175 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Portillo’s in the 3rd quarter valued at about $181,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Portillo’s by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 458,417 shares of the company’s stock valued at $6,175,000 after purchasing an additional 26,588 shares during the last quarter. Soros Capital Management LLC boosted its stake in shares of Portillo’s by 51.9% in the 3rd quarter. Soros Capital Management LLC now owns 49,020 shares of the company’s stock valued at $660,000 after purchasing an additional 16,758 shares during the last quarter. Finally, Engaged Capital LLC boosted its stake in shares of Portillo’s by 121.5% in the 3rd quarter. Engaged Capital LLC now owns 6,114,956 shares of the company’s stock valued at $82,368,000 after purchasing an additional 3,354,513 shares during the last quarter. Institutional investors own 98.34% of the company’s stock.

Portillo’s Price Performance

NASDAQ:PTLO opened at $12.08 on Wednesday. The company has a 50-day moving average of $13.52 and a 200-day moving average of $12.22. The company has a market capitalization of $901.20 million, a price-to-earnings ratio of 28.76, a PEG ratio of 14.77 and a beta of 1.80. Portillo’s has a 52 week low of $8.38 and a 52 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 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. The company had revenue of $184.61 million during the quarter, compared to the consensus estimate of $185.16 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $0.13 EPS. As a group, equities research analysts anticipate that Portillo’s will post 0.35 earnings per share for the current fiscal year.

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.