Piper Sandler analyst Brian Mullan reiterated a Buy rating on Portillo’s (PTLO – Research Report) today and set a price target of $20.00. The company’s shares closed last Friday at $16.41.
Mullan covers the Consumer Cyclical sector, focusing on stocks such as Domino’s Pizza, Dutch Bros Inc, and BJ’s Restaurants. According to TipRanks, Mullan has an average return of 9.5% and a 60.39% success rate on recommended stocks.
In addition to Piper Sandler, Portillo’s also received a Buy from Loop Capital Markets’s Alton Stump in a report issued today. However, on November 2, Morgan Stanley maintained a Hold rating on Portillo’s (NASDAQ: PTLO).
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Based on Portillo’s’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $169.18 million and a net profit of $6.79 million. In comparison, last year the company earned a revenue of $150.62 million and had a net profit of $5.11 million
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Portillo’s (PTLO) Company Description:
Portillos Inc serves the Chicago street food industry through high-energy and multichannel restaurants. It owns and operates fast-casual restaurants in the United States, along with two food production commissaries in Illinois. Its menu includes hot dogs, beef and sausage sandwiches, sandwiches and ribs, salads, burgers, chicken, Barnelli’s pasta, sides and soup, and desserts and shakes.
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