Portillo’s (NASDAQ:PTLO) Hits New 52-Week Low at $8.72

Shares of Portillo’s Inc. (NASDAQ:PTLO) reached a new 52-week low during trading on Monday . The stock traded as low as $8.72 and last traded at $9.00, with a volume of 164393 shares. The stock had previously closed at $9.33.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. UBS Group decreased their price target on shares of Portillo’s from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Morgan Stanley decreased their target price on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Stifel Nicolaus cut their price target on Portillo’s from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Piper Sandler decreased their price objective on Portillo’s from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Finally, Robert W. Baird cut 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 report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.13.

Portillo’s Stock Down 3.4 %

The business’s fifty day moving average price is $9.81 and its two-hundred day moving average price is $11.80. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.29 and a current ratio of 0.36. The firm has a market capitalization of $657.50 million, a P/E ratio of 23.33, a PEG ratio of 5.52 and a beta of 1.73.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. The firm had revenue of $165.83 million during the quarter, compared to analyst estimates of $174.90 million. Portillo’s had a net margin of 3.41% and a return on equity of 5.23%. Portillo’s’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.05 EPS. Equities analysts expect that Portillo’s Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PTLO. Vanguard Group Inc. grew its stake in shares of Portillo’s by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 5,402,242 shares of the company’s stock worth $76,604,000 after purchasing an additional 700,583 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Portillo’s by 2.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,612,114 shares of the company’s stock worth $15,670,000 after acquiring an additional 39,466 shares in the last quarter. Granahan Investment Management LLC grew its position in shares of Portillo’s by 33.8% during the 4th quarter. Granahan Investment Management LLC now owns 1,324,465 shares of the company’s stock valued at $21,099,000 after acquiring an additional 334,731 shares during the period. Kornitzer Capital Management Inc. KS grew its position in shares of Portillo’s by 2.2% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 627,555 shares of the company’s stock valued at $9,997,000 after acquiring an additional 13,325 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its stake in shares of Portillo’s by 3.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 576,865 shares of the company’s stock worth $8,180,000 after buying an additional 18,451 shares during the period. 98.34% of the stock is owned by institutional investors and hedge funds.

About Portillo’s

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.