On Nov 07, major Wall Street analysts update their ratings for $Portillo’s Inc. (PTLO.US)$, with price targets ranging from $14 to $21.
Morgan Stanley analyst Brian Harbour maintains with a hold rating, and maintains the target price at $15.
BofA Securities analyst Sara Senatore maintains with a buy rating.
UBS analyst Dennis Geiger maintains with a hold rating, and adjusts the target price from $13 to $14.
Loop Capital analyst Alton Stump maintains with a buy rating, and maintains the target price at $21.
Furthermore, according to the comprehensive report, the opinions of $Portillo’s Inc. (PTLO.US)$'s main analysts recently are as follows:
The company's customer traffic is facing challenges, yet the outlook for expansion in terms of new units remains positive.
Portillo's has exhibited subpar performance in same-restaurant sales and customer traffic, although its EBITDA surpassed estimates largely due to reduced general and administrative costs. There is skepticism regarding a turnaround in customer traffic by 2025 unless there's a rise in consumer expenditure. Additionally, there is a hesitancy from the company to modify its value strategy. The continuation of declining transactions may lead to increased difficulty and cost to counter this downward trajectory.
Here are the latest investment ratings and price targets for $Portillo’s Inc. (PTLO.US)$ from 4 analysts:
Note:
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