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

Portillo’s Inc. (NASDAQ:PTLO) has earned a consensus rating of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $7.7222.

A number of equities analysts recently issued reports on PTLO shares. Morgan Stanley set a $7.00 target price on shares of Portillo’s in a research report on Tuesday, January 20th. Stifel Nicolaus restated a “hold” rating and set a $6.00 price objective (down previously from $8.00) on shares of Portillo’s in a report on Wednesday, January 7th. Stephens reduced their target price on shares of Portillo’s from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Portillo’s in a research note on Monday, December 22nd. Finally, UBS Group reduced their price objective on Portillo’s from $6.00 to $5.50 and set a “neutral” rating for the company in a research report on Tuesday, January 6th.

Portillo’s Stock Performance

PTLO opened at $5.40 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.27 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average price is $5.20 and its two-hundred day moving average price is $5.91. The firm has a market capitalization of $407.05 million, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 7.18 and a beta of 1.75. Portillo’s has a 12-month low of $4.41 and a 12-month high of $15.78.

Institutional Investors Weigh In On Portillo’s

A number of institutional investors have recently bought and sold shares of PTLO. Orbis Allan Gray Ltd raised its stake in shares of Portillo’s by 6.4% in the 2nd quarter. Orbis Allan Gray Ltd now owns 6,358,093 shares of the company’s stock valued at $74,199,000 after buying an additional 384,455 shares in the last quarter. Alliancebernstein L.P. raised its position in Portillo’s by 16.8% in the second quarter. Alliancebernstein L.P. now owns 5,777,921 shares of the company’s stock worth $67,428,000 after purchasing an additional 830,460 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Portillo’s by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 3,563,600 shares of the company’s stock worth $41,587,000 after purchasing an additional 149,931 shares during the period. Dimensional Fund Advisors LP lifted its stake in Portillo’s by 11.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,131,834 shares of the company’s stock worth $13,750,000 after purchasing an additional 221,298 shares during the period. Finally, Zuckerman Investment Group LLC boosted its holdings in Portillo’s by 6.2% during the fourth quarter. Zuckerman Investment Group LLC now owns 1,963,750 shares of the company’s stock valued at $8,915,000 after purchasing an additional 114,525 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

About Portillo’s

Portillo’s, Inc operates a fast‐casual restaurant chain best known for its Chicago‐style menu, featuring Italian beef sandwiches, Chicago‐style hot dogs, char‐grilled burgers, salads, crinkle‐cut fries and hand‐spun milkshakes. In addition to its signature sandwiches and dogs, the company offers a selection of desserts—including its famous chocolate cake and frozen custard—as well as catering services designed to bring its Midwestern flavors to corporate and social events.

The company was founded in 1963 by Dick Portillo, who opened the first Portillo’s in Villa Park, Illinois.