Portillo’s Inc. (NASDAQ:PTLO) Stock Now Rated “Hold” by Sell-Side Brokerages

Portillo’s Inc. (NASDAQ:PTLO) has been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $5.92.

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Portillo’s in a research report on Monday, August 3rd. Robert W. Baird raised Portillo’s to a “hold” rating in a research note on Monday, August 24th. Stephens restated an “equal weight” rating and set a $5.00 price target on shares of Portillo’s in a report on Thursday, August 6th. Finally, Wall Street Zen raised Portillo’s from a “sell” rating to a “hold” rating in a research note on Sunday, September 6th.

Insiders Place Their Bets

In other Portillo’s news, Director I Jr purchased 65,355 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were bought at an average price of $4.59 per share, with a total value of $299,979.45. Following the completion of the purchase, the director directly owned 551,770 shares in the company, valued at $2,532,624.30. This trade represents a 13.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 6.34% of the company’s stock.

Hedge Funds Weigh In On Portillo’s

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp increased its holdings in shares of Portillo’s by 12.9% in the 2nd quarter. State Street Corp now owns 1,454,163 shares of the company’s stock worth $6,893,000 after buying an additional 166,617 shares during the last quarter. Capstone Financial Advisors Inc. lifted its holdings in shares of Portillo’s by 34.0% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 78,745 shares of the company’s stock valued at $373,000 after acquiring an additional 20,000 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Portillo’s by 8.7% in the 2nd quarter. Squarepoint Ops LLC now owns 131,888 shares of the company’s stock valued at $625,000 after acquiring an additional 10,570 shares during the last quarter. Corient Private Wealth LP lifted its holdings in shares of Portillo’s by 501.5% in the 2nd quarter. Corient Private Wealth LP now owns 269,248 shares of the company’s stock valued at $1,276,000 after acquiring an additional 224,486 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Portillo’s by 29.5% in the second quarter. Deutsche Bank AG now owns 65,667 shares of the company’s stock worth $311,000 after acquiring an additional 14,973 shares in the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

Portillo’s Price Performance

PTLO stock opened at $3.61 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.20 and a current ratio of 0.26. The company’s fifty day moving average price is $4.44 and its 200-day moving average price is $4.73. Portillo’s has a one year low of $3.59 and a one year high of $6.83. The company has a market capitalization of $274.14 million, a PE ratio of 20.06, a price-to-earnings-growth ratio of 0.81 and a beta of 1.56.

Portillo’s (NASDAQ:PTLO) last posted its earnings results on Wednesday, August 5th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $198.95 million during the quarter, compared to analysts’ expectations of $199.22 million. Portillo’s had a net margin of 1.85% and a return on equity of 2.78%. Portillo’s’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company posted $0.12 earnings per share. On average, equities analysts anticipate that Portillo’s will post 0.19 EPS for the current fiscal year.

About Portillo’s

Portillo’s, Inc is a fast-casual restaurant company known for Chicago-style food and hospitality. Its menu features Italian beef sandwiches, Chicago-style hot dogs, char-grilled burgers, chicken sandwiches, salads, French fries, hand-mixed shakes and its signature chocolate cake.

The company serves customers through a network of company-owned restaurants, as well as drive-thru, pickup, delivery, catering and shipping channels. Portillo’s restaurants generally feature a distinctive Chicago-themed atmosphere and offer convenient options for dine-in and off-premise orders.

Portillo’s traces its history to 1963, when Dick Portillo opened a small hot dog stand called The Dog House in Villa Park, Illinois.