Jefferies analyst Andy Barish maintained a Buy rating on Portillo’s (PTLO – Research Report) today and set a price target of $21.00. The company’s shares closed yesterday at $14.05.
Barish covers the Consumer Cyclical sector, focusing on stocks such as Wingstop, McDonald’s, and Starbucks. According to TipRanks, Barish has an average return of 9.7% and a 57.66% success rate on recommended stocks.
Currently, the analyst consensus on Portillo’s is a Strong Buy with an average price target of $21.67.
Based on Portillo’s’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $166.81 million and a net profit of $4.36 million. In comparison, last year the company earned a revenue of $151.12 million and had a net profit of $1.59 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.
Read More on PTLO:
- Portillo’s ‘Mixes It Up’ With Two New Salads Chock Full of Windy City Style
- Portillo’s Executives to Present at Investor Conferences
- Portillo’s sees mid teens long-term revenue growth
- Portillo’s Inc. to Participate in Two Investor Conferences in March
- Portillo’s 8M share Spot Secondary priced at $14.55
