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Robert W. Baird Thinks Portillo’s’ Stock is Going to Recover

Robert W. Baird analyst David Tarantino maintained a Buy rating on Portillo’s (PTLOResearch Report) on February 7. The company’s shares closed last Monday at $26.97, close to its 52-week low of $22.75.

According to TipRanks.com, Tarantino is a 5-star analyst with an average return of 11.9% and a 67.0% success rate. Tarantino covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and BJ’s Restaurants.

Currently, the analyst consensus on Portillo’s is a Moderate Buy with an average price target of $49.75.

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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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