UBS analyst Dennis Geiger maintains $Portillo’s Inc. (PTLO.US)$ with a hold rating, and adjusts the target price from $13 to $14.
According to TipRanks data, the analyst has a success rate of 61.1% and a total average return of 6.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Portillo’s Inc. (PTLO.US)$'s main analysts recently are as follows:
While the company is experiencing pressure on its traffic, its prospects for unit growth remain positive.
Portillo's has exhibited underwhelming performance in same-restaurant sales and customer traffic, though EBITDA figures surpassed estimates, primarily due to unanticipated reductions in G&A expenses. There is a prevailing skepticism regarding an uptick in traffic performance by 2025 without a rise in general consumer expenditure. Furthermore, Portillo's hesitation to modify its value strategy is observed with concern, as the continuation of falling transactions could make it increasingly challenging and costly to reverse this downward trajectory.
Note:
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