Portillo’s (NASDAQ:PTLO) Cut to Sell at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of Portillo’s (NASDAQ:PTLO – Free Report) from a hold rating to a sell rating in a report published on Saturday,Wall Street Zen reports.

A number of other analysts also recently weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Portillo’s in a research report on Monday, August 3rd. UBS Group cut their price target on shares of Portillo’s from $5.50 to $4.50 and set a “neutral” rating on the stock in a report on Friday, October 9th. Robert W. Baird upgraded shares of Portillo’s to a “hold” rating in a research note on Monday, August 24th. Finally, Stephens reiterated an “equal weight” rating and set a $5.00 price objective on shares of Portillo’s in a research note on Thursday, October 15th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Portillo’s has an average rating of “Hold” and a consensus target price of $5.66.

View Our Latest Stock Report on PTLO

Portillo’s Stock Up 6.4%

Shares of Portillo’s stock opened at $5.18 on Friday. The company has a fifty day moving average price of $4.20 and a 200 day moving average price of $4.82. The stock has a market cap of $393.37 million, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 3.95 and a beta of 1.58. Portillo’s has a twelve month low of $3.29 and a twelve month high of $6.69. The company has a current ratio of 0.26, a quick ratio of 0.20 and a debt-to-equity ratio of 0.46.

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

Insider Transactions at Portillo’s

In other Portillo’s news, Director I Jr acquired 65,355 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was purchased at an average price of $4.59 per share, with a total value of $299,979.45. Following the completion of the acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On Portillo’s

Institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new stake in shares of Portillo’s in the 3rd quarter worth about $68,000. State Street Corp boosted its position 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 valued at $6,893,000 after purchasing an additional 166,617 shares during the period. Capstone Financial Advisors Inc. grew its position in Portillo’s by 34.0% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 78,745 shares of the company’s stock worth $373,000 after purchasing an additional 20,000 shares in the last quarter. Squarepoint Ops LLC grew its stake in Portillo’s by 8.7% during 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 in the last quarter. Finally, Corient Private Wealth LP grew its position in Portillo’s by 501.5% during the second quarter. Corient Private Wealth LP now owns 269,248 shares of the company’s stock valued at $1,276,000 after purchasing an additional 224,486 shares in the last quarter. 98.34% of the stock is owned by institutional investors.

About Portillo’s

(Get Free Report)

Portillo’s, Inc operates a chain of fast-casual restaurants known for Chicago-style food. Its menu features Italian beef and Italian sausage sandwiches, Chicago-style hot dogs, hamburgers, chicken sandwiches, salads, french fries, shakes and other desserts.

The company traces its origins to 1963, when Dick Portillo opened a small hot dog stand called The Dog House in Villa Park, Illinois. Portillo’s has since expanded from its Chicago-area roots into a multi-state restaurant business, with locations primarily in the United States.

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