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

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

Wall Street Analyst Weigh In

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

Portillo’s Trading Down 2.9 %

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’s 50-day simple moving average is $12.89 and its 200-day simple moving average is $14.20. The firm has a market capitalization of $733.35 million, a PE ratio of 32.42, a P/E/G ratio of 1.56 and a beta of 1.86.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, May 7th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $165.83 million for the quarter, compared to the consensus estimate of $174.90 million. Portillo’s had a net margin of 2.71% and a return on equity of 4.79%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS. As a group, sell-side analysts expect that Portillo’s Inc. will post 0.4 EPS for the current fiscal year.

Institutional Trading of Portillo’s

A number of hedge funds and other institutional investors have recently modified their holdings of PTLO. Landscape Capital Management L.L.C. boosted its stake in Portillo’s by 121.4% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 135,528 shares of the company’s stock worth $2,086,000 after purchasing an additional 74,314 shares in the last quarter. Teza Capital Management LLC bought a new position in Portillo’s in the 3rd quarter worth about $175,000. Vanguard Group Inc. boosted its stake in Portillo’s by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,523,034 shares of the company’s stock worth $69,609,000 after purchasing an additional 57,451 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in Portillo’s by 115.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 125,678 shares of the company’s stock valued at $1,934,000 after acquiring an additional 67,348 shares during the period. Finally, Swiss National Bank lifted its stake in Portillo’s by 2.4% during the 3rd quarter. Swiss National Bank now owns 102,700 shares of the company’s stock valued at $1,581,000 after acquiring an additional 2,400 shares during the period. 98.34% of the stock is 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.