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Intraday data delayed at least 15 minutes or per exchange requirements. Portillo’s Inc. owns and operates fast casual and quick service restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and milkshakes. As of June 26, 2022, it owned and operated 71 Portillo’s restaurants across nine states.

The bank is more likely to fall into the hands of the government. That outcome would likely wipe out shareholders and put the bank’s fate in the hands of the Federal Deposit Insurance Corporation. First Republic’s stock continued to tumble on Wednesday, ending the day down about 30 percent.

Portillo’s Inc. (PTLO) Surpasses Q3 Earnings and Revenue Estimates

Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Analysts’ growing optimism over the company’s earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That’s because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading. While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all.

Portillo’s Inc. shares fell 6.2% in Thursday premarket trading after the Chicago-style restaurant chain reported a fourth-quarter earnings miss. Net loss totaled $18.6 million, or 52 cents per share, after a loss of $392,… JSI uses funds from your Treasury Account to purchase T-bills in increments of $100 “par value” (the T-bill’s value at maturity). The value of T-bills fluctuate and investors may receive more or less than their original investments if sold prior to maturity. T-bills are subject to price change and availability – yield is subject to change.

While the move helped keep the bank going, it essentially undermined its business model, replacing relatively cheap deposits with more expensive loans. As a result, six weeks of efforts by First Republic and its advisers to sell all or part of its business have not resulted in a viable plan to save the bank — at least thus far. First Republic, based in San Francisco, has been widely seen as the most in-danger bank since Silicon Valley Bank and Signature Bank collapsed last month.

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However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock’s price movement. While that doesn’t necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.48% per year. These returns cover a period from January 1, 1988 through March 6, 2023.

Portillo’s Stock Snapshot

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EV / Sales ,15x EV / Sales ,90x Nbr of Employees Free-Float 79,8% More FinancialsCompanyPortillo’s Inc. (Portillo’s) is a restaurant company that serves Chicago Street food. Portillo’s Inc. has set terms for its initial public offering, in which the profitable Illinois-based Chicago street food company is looking to raise up to $405.4 million. According to analysts’ consensus price target of $26.00, Portillo’s has a forecasted upside of 20.0% from its current price of $21.66. One of the biggest parts of the bank’s business was offering large home loans with attractive interest rates to affluent people. And unlike other banks that make a lot of mortgages, First Republic kept many of those loans rather than packaging them into mortgage-backed securities and selling them to investors. At the end of December, the bank had nearly $103 billion in home loans on its books, up from $80 billion a year earlier.

Portillo’s Inc. closed the last trading session at $21.09, gaining 0.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. 4 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Portillo’s in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should “buy” PTLO shares.

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Portillo’s Inc. doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. These top-ranked stocks are likely to beat on bottom line in their next releases. Tap Ulta Beauty , Inter Parfums , InterDigital , Portillo’s Inc. and MercadoLibre .

• More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates.
• Provides a general description of the business conducted by this company.
• According to 5 analysts, the average rating for PTLO stock is “Buy.” The 12-month stock price forecast is $25.0, which is an increase of 16.55% from the latest price.
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• As of June 26, 2022, it owned and operated 71 Portillo’s restaurants across nine states.

In what has become a disquieting pattern, the New York Stock Exchange halted trading in the shares 16 times on Wednesday because volatility thresholds were triggered. Tesla Inc.’s willingness to sacrifice profits in pursuit of buyers is threatening to weaken its claim to a higher stock-market valuation than rival auto companies. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. Chicago hot dog chain Portillo’s Inc. said Monday that it will open its first drive-through only location in Joliet, Ill. on February 1. The 3,750-square-foot restaurant will not have a dining room, though there will be a…

Among the only tangible changes that the bank has committed to is cutting as much as 25 percent of its staff and slashing executive compensation by an unspecified amount. On its earnings call, First Republic’s executives declined to take questions and spoke for just 12 minutes. The government could seek to minimize a buyer’s financial risk, the people said, asking not to be identified. Of First Republic’s remaining deposits, roughly half, or nearly $50 billion, were over the insured threshold as of March 31, including the $30 billion deposited by big banks in March.

The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. Brokerage services for alternative assets available on Public are offered by Dalmore Group, LLC (“Dalmore”), member of FINRA & SIPC. “Alternative assets,” as the term is used at Public, are equity securities that have been issued pursuant to Regulation A of the Securities Act of (“Regulation A”). These investments are speculative, involve substantial risks , and are not FDIC or SIPC insured.

Therefore, while the consensus price target may not be a reliable indicator of how much PTLO could gain, the direction of price movement it implies does appear to be a good guide. Portillo’s Inc. has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Real-time analyst ratings, insider transactions, earnings data, and more.

Finance

For the current year, one estimate has moved higher over the last 30 days compared to no negative revision. Portillo’s CEO Michael Osanloo joins Yahoo Finance Live’s Brooke DiPalma to discuss company earnings, navigating commodity inflation, the state of the labor market, and the outlook for profit growth. U.S. Treasuries (“T-Bill“) investing services on the Public Platform are offered by Jiko Securities, Inc. (“JSI”), a registered broker-dealer and member of FINRA & SIPC. See JSI’s FINRA BrokerCheck and Form CRS for further information. When you enable T-Bill investing on the Public platform, you open a separate brokerage account with JSI (the “Treasury Account“).

All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns. Portillo’s Inc. climbed during Thursday’s debut session after its initial public offering priced at the top of the marketed range. Live educational sessions using site features to explore today’s markets. To plug the hole, First Republic borrowed $92 billion, mostly from the Fed and government-backed lending groups, essentially replacing its deposits with loans.

• U.S. Treasuries (“T-Bill“) investing services on the Public Platform are offered by Jiko Securities, Inc. (“JSI”), a registered broker-dealer and member of FINRA & SIPC.
• Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade.
• The likeliest outcome for the bank, people close to the situation said, would need to involve the federal government, alone or in some combination with a private investor.
• An indication of interest to purchase securities involves no obligation or commitment of any kind.
• MarketBeat has tracked 4 news articles for Portillo’s this week, compared to 2 articles on an average week.

One share of PTLO stock can currently be purchased for approximately $21.09. Noble Absolute Return ETF holds 20,000 shares of PTLO stock, representing -1.19% of its portfolio. High institutional ownership can be a signal of strong market trust in this company. In the past three months, Portillo’s insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $353,645.00 in company stock.

The company is now worth a little more than $1 billion, or about one-twentieth its valuation before the banking turmoil began in March. That was belied by the bank’s earnings report this week, which stated that “First Republic began experiencing unprecedented deposit outflows” on March 10. Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most recent report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade.