B of A Securities Maintains Buy on Portillos, Lowers Price Target to $17
$PTLO
Restaurants
Consumer Discretionary
B of A Securities analyst Sara Senatore maintains Portillos (NASDAQ:PTLO) with a Buy and lowers the price target from $20 to $17.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/6/2024 | $13.00 | Buy → Hold | Stifel |
| 10/7/2024 | $13.00 | Overweight → Equal-Weight | Stephens |
| 4/12/2024 | $20.00 | Overweight | Stephens |
| 11/10/2023 | $20.00 | Overweight | Stephens |
| 10/11/2023 | $26.00 → $19.00 | Overweight → Equal-Weight | Morgan Stanley |
| 7/17/2023 | $27.00 → $28.00 | Overweight | Morgan Stanley |
| 6/14/2023 | $24.00 | Overweight | Piper Sandler |
| 5/5/2023 | $22.00 → $25.00 | Neutral → Buy | Guggenheim |
Stifel downgraded Portillo's from Buy to Hold and set a new price target of $13.00
Stephens downgraded Portillo's from Overweight to Equal-Weight and set a new price target of $13.00
Stephens resumed coverage of Portillo's with a rating of Overweight and set a new price target of $20.00
CHICAGO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Portillo's Inc. ("Portillo's" or the "Company") (NASDAQ:PTLO), the restaurant concept known for its menu of Chicago-style favorites, today reported financial results for the third quarter ended September 29, 2024. Michael Osanloo, President and Chief Executive Officer of Portillo's, said, "While our top line results for the quarter fell short of expectations, I'm proud of how our team protected margins and drove cash flow. We're profitable, we're controlling the levers we can, and we're positioned for lasting, long-term growth." Financial Highlights for the Third Quarter 2024 vs. Third Quarter 2023: Total revenue increased 6.9% or $
CHICAGO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Portillo's Inc. ("Portillo's" or the "Company") (NASDAQ:PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today reported financial results for the second quarter ended June 30, 2024. Michael Osanloo, President and Chief Executive Officer of Portillo's, said, "We delivered sequential improvement in both revenue and margin this quarter as we continued to prioritize sales and transaction growth. We are confident that our strategic plan is focused on the right factors, allowing us to navigate near-term challenges and seize opportunities for continuous improvement. We're now on track to open at least 10 res
CHICAGO, May 07, 2024 (GLOBE NEWSWIRE) -- Portillo's Inc. ("Portillo's" or the "Company") (NASDAQ:PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today reported financial results for the first quarter ended March 31, 2024. Michael Osanloo, President and Chief Executive Officer of Portillo's, said "It's an exciting time at Portillo's. We're proud of how we exited the quarter and will continue to build top-line momentum through disciplined sales-driving initiatives and new unit development. Today we revealed Portillo's four strategic pillars, which will guide our 2024 goals and serve as the foundation for quality growth. Running world class operati
B of A Securities analyst Sara Senatore maintains Portillos (NASDAQ:PTLO) with a Buy and lowers the price target from $20 to $17.
In the latest quarter, 7 analysts provided ratings for Portillos (NASDAQ:PTLO), showcasing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 4 2 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 3 1 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $15.0, a high estimate of $20.00, and a low estimate of $13.00. Experiencing a 11.76% decline, the current average is now lower than
Morgan Stanley analyst Brian Harbour maintains Portillos (NASDAQ:PTLO) with a Equal-Weight and lowers the price target from $15 to $13.
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CHICAGO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Portillo's Inc. ("Portillo's" or the "Company") (NASDAQ:PTLO), the restaurant concept known for its menu of Chicago-style favorites, today reported financial results for the third quarter ended September 29, 2024. Michael Osanloo, President and Chief Executive Officer of Portillo's, said, "While our top line results for the quarter fell short of expectations, I'm proud of how our team protected margins and drove cash flow. We're profitable, we're controlling the levers we can, and we're positioned for lasting, long-term growth." Financial Highlights for the Third Quarter 2024 vs. Third Quarter 2023: Total revenue increased 6.9% or $
OAK BROOK, Ill., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Portillo's Inc. ("Portillo's") (NASDAQ:PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced that it will report third quarter 2024 financial results on Tuesday, November 5, 2024, before the market opens. A live audio webcast is scheduled for 10:00 AM ET that same day. Michael Osanloo, President and Chief Executive Officer, and Michelle Hook, Chief Financial Officer, will host the webcast. The webcast will be available on the company's investor relations website at investors.portillos.com and a replay will be available on the site shortly after the conclusion of the event. Investors may
CHICAGO, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Chocolate lovers everywhere, rejoice! Portillo's, the fast-casual restaurant concept known for its menu of unrivaled Chicago-style street food, and iconic New York bakery, Milk Bar, have teamed up to create a limited-edition treat – the Portillo's Chocolate Cake Cookie. This rich and fudgey-licious soft baked cookie combines the flavors of Portillo's moist chocolate cake with swirls, pops and chunks of Portillo's iconic fudge frosting, all baked into the perfect Milk Bar chocolate cookie. Whether a fan of Portillo's legendary chocolate cake or Milk Bar's decadent desserts, this chewy and decadent chocolate creation is sure to satiate any sweet to