Stifel Nicolaus Maintains a Hold Rating on Portillo’s (PTLO)

In a report released today, Chris O`Cull from Stifel Nicolaus maintained a Hold rating on Portillo’s (PTLOResearch Report), with a price target of $25.00. The company’s shares closed last Friday at $26.13.

According to TipRanks.com, O`Cull is a 5-star analyst with an average return of 13.6% and a 64.0% success rate. O`Cull covers the Services sector, focusing on stocks such as First Watch Restaurant Group, Dave & Busters Entertainment, and Papa John’s International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Portillo’s with a $28.20 average price target.

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Based on Portillo’s’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $134 million and net profit of $194K. In comparison, last year the company earned revenue of $117 million and had a net profit of $124K.

Based on the recent corporate insider activity of 13 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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