Portillo’s Inc. (NASDAQ:PTLO) Receives $12.50 Consensus PT from Brokerages

Portillo’s Inc. (NASDAQ:PTLO) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $12.3750.

Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Portillo’s from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. UBS Group dropped their price objective on shares of Portillo’s from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Guggenheim reduced their target price on Portillo’s from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, July 8th. Bank of America lowered their price target on Portillo’s from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, July 18th. Finally, Stephens set a $10.00 price objective on Portillo’s in a report on Wednesday.

Insider Buying and Selling

In related news, CEO Michael Osanloo purchased 11,320 shares of Portillo’s stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average cost of $7.42 per share, for a total transaction of $83,994.40. Following the transaction, the chief executive officer directly owned 63,317 shares in the company, valued at $469,812.14. The trade was a 21.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eugene I. Lee, Jr. purchased 130,250 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was bought at an average cost of $7.68 per share, for a total transaction of $1,000,320.00. Following the completion of the purchase, the director directly owned 130,250 shares in the company, valued at approximately $1,000,320. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 210,570 shares of company stock valued at $1,614,474. 6.14% of the stock is owned by insiders.

Institutional Investors Weigh In On Portillo’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in Portillo’s by 135.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,596 shares of the company’s stock valued at $30,000 after buying an additional 1,495 shares during the period. Allworth Financial LP bought a new position in shares of Portillo’s during the second quarter valued at about $32,000. CWM LLC raised its stake in shares of Portillo’s by 58.3% during the first quarter. CWM LLC now owns 3,194 shares of the company’s stock valued at $38,000 after acquiring an additional 1,176 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in shares of Portillo’s by 137.6% during the first quarter. North Star Investment Management Corp. now owns 3,517 shares of the company’s stock worth $42,000 after purchasing an additional 2,037 shares during the period. Finally, Comerica Bank grew its stake in shares of Portillo’s by 172.6% in the fourth quarter. Comerica Bank now owns 5,395 shares of the company’s stock worth $51,000 after purchasing an additional 3,416 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors.

Portillo’s Trading Down 0.2%

Shares of Portillo’s stock opened at $6.13 on Wednesday. The stock has a market capitalization of $461.90 million, a P/E ratio of 13.62, a P/E/G ratio of 4.69 and a beta of 1.78. Portillo’s has a 52-week low of $6.00 and a 52-week high of $15.78. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.23 and a current ratio of 0.29. The stock’s 50-day simple moving average is $8.70 and its 200 day simple moving average is $10.82.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. Portillo’s had a return on equity of 6.25% and a net margin of 4.19%.The company had revenue of $188.46 million for the quarter, compared to analyst estimates of $197.04 million. During the same period in the previous year, the company posted $0.10 EPS. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. Portillo’s has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Portillo’s will post 0.35 EPS 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.