Portillo’s Inc. (NASDAQ:PTLO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Portillo’s Inc. (NASDAQ:PTLO) have received a consensus recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $13.71.

Several brokerages have recently issued reports on PTLO. Stephens reiterated an “equal weight” rating and issued a $13.00 price objective on shares of Portillo’s in a research note on Wednesday, May 7th. Baird R W lowered Portillo’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Robert W. Baird reissued a “neutral” rating and set a $12.00 target price (down previously from $15.00) on shares of Portillo’s in a research report on Monday, April 7th. Stifel Nicolaus lifted their price target on Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, William Blair reiterated an “outperform” rating on shares of Portillo’s in a research note on Friday, May 30th.

Insiders Place Their Bets

In other Portillo’s news, Director Berkshire Partners Llc sold 10,000,000 shares of the business’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $12.23, for a total transaction of $122,300,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Portillo’s

A number of institutional investors have recently made changes to their positions in PTLO. Alliancebernstein L.P. raised its holdings in shares of Portillo’s by 10,963.2% in the first quarter. Alliancebernstein L.P. now owns 4,947,461 shares of the company’s stock worth $58,825,000 after acquiring an additional 4,902,741 shares during the last quarter. Fred Alger Management LLC acquired a new position in Portillo’s in the first quarter valued at $17,489,000. Ameriprise Financial Inc. lifted its position in Portillo’s by 53.6% during the first quarter. Ameriprise Financial Inc. now owns 3,413,669 shares of the company’s stock worth $40,590,000 after buying an additional 1,191,443 shares during the period. Select Equity Group L.P. lifted its position in Portillo’s by 675.1% during the first quarter. Select Equity Group L.P. now owns 1,070,774 shares of the company’s stock worth $12,732,000 after buying an additional 932,624 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Portillo’s by 139.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,102,103 shares of the company’s stock worth $10,360,000 after buying an additional 641,273 shares during the period. 98.34% of the stock is owned by institutional investors and hedge funds.

Portillo’s Stock Up 1.2%

NASDAQ PTLO opened at $11.54 on Friday. Portillo’s has a one year low of $8.38 and a one year high of $15.78. The company has a market cap of $863.42 million, a P/E ratio of 26.84, a P/E/G ratio of 4.52 and a beta of 1.87. The business has a fifty day moving average price of $11.51 and a 200 day moving average price of $11.88. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.21 and a current ratio of 0.25.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Portillo’s had a return on equity of 5.87% and a net margin of 3.92%. The business had revenue of $176.44 million during the quarter, compared to analysts’ expectations of $180.76 million. During the same period in the prior year, the business posted $0.08 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. Research analysts anticipate that Portillo’s will post 0.35 EPS 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.