Robert W. Baird Sticks to Its Buy Rating for Portillo’s (PTLO)

In a report released on January 9, David Tarantino from Robert W. Baird maintained a Buy rating on Portillo’s (PTLOResearch Report), with a price target of $30.00. The company’s shares closed yesterday at $18.98.

Tarantino covers the Services sector, focusing on stocks such as Jack In The Box, Yum! Brands, and Darden. According to TipRanks, Tarantino has an average return of 9.0% and a 62.92% success rate on recommended stocks.

Portillo’s has an analyst consensus of Moderate Buy, with a price target consensus of $27.40.

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The company has a one-year high of $31.13 and a one-year low of $14.84. Currently, Portillo’s has an average volume of 714.4K.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PTLO in relation to earlier this year.

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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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