Portillo’s (NASDAQ:PTLO) Reaches New 52-Week Low at $10.86

Portillo’s Inc. (NASDAQ:PTLO)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $10.86 and last traded at $10.89, with a volume of 672498 shares traded. The stock had previously closed at $12.13.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PTLO. Robert W. Baird decreased their target price on Portillo’s from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday. UBS Group decreased their target price on Portillo’s from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday. Morgan Stanley decreased their target price on Portillo’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th. Finally, Stephens reissued an “overweight” rating and issued a $20.00 price target on shares of Portillo’s in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $18.17.

Portillo’s Trading Down 2.9 %

The business has a 50 day simple moving average of $12.89 and a 200-day simple moving average of $14.20. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.32 and a current ratio of 0.40. The stock has a market capitalization of $733.35 million, a P/E ratio of 32.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.86.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. The business had revenue of $165.83 million during the quarter, compared to analyst estimates of $174.90 million. Portillo’s had a return on equity of 4.79% and a net margin of 2.71%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.05 EPS. On average, analysts predict that Portillo’s Inc. will post 0.4 EPS for the current year.

Institutional Trading of Portillo’s

Several hedge funds and other institutional investors have recently modified their holdings of PTLO. Raymond James & Associates raised its holdings in shares of Portillo’s by 13.6% during the third quarter. Raymond James & Associates now owns 12,291 shares of the company’s stock worth $189,000 after acquiring an additional 1,475 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Portillo’s by 12.2% during the third quarter. Bank of New York Mellon Corp now owns 163,609 shares of the company’s stock valued at $2,518,000 after buying an additional 17,744 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Portillo’s by 33.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,661 shares of the company’s stock valued at $164,000 after buying an additional 2,686 shares in the last quarter. Y.D. More Investments Ltd bought a new position in Portillo’s during the third quarter valued at about $73,000. Finally, Wolff Wiese Magana LLC raised its holdings in Portillo’s by 48.6% during the third quarter. Wolff Wiese Magana LLC now owns 44,197 shares of the company’s stock valued at $680,000 after buying an additional 14,449 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Portillo’s Company Profile

Portillo's Inc owns and operates fast casual restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, char-grilled burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and chocolate cake shake. It offers its products through its website, application, and certain third-party platforms.