Portillo’s (NASDAQ:PTLO) Hits New 52-Week Low – What’s Next?

Portillo’s Inc. (NASDAQ:PTLO)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $8.66 and last traded at $8.77, with a volume of 1880802 shares traded. The stock had previously closed at $8.99.

Analyst Ratings Changes

PTLO has been the subject of a number of analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $13.00 price target on shares of Portillo’s in a report on Wednesday, November 6th. UBS Group raised their target price on Portillo’s from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus cut Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price target on the stock. in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.00.

Portillo’s Trading Down 3.6 %

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The stock has a 50-day moving average price of $11.59 and a 200-day moving average price of $11.23. The stock has a market cap of $642.76 million, a P/E ratio of 20.62, a P/E/G ratio of 10.96 and a beta of 1.68.

Portillo’s (NASDAQ:PTLO) last announced its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. The business had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. Portillo’s’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 earnings per share. On average, equities research analysts expect that Portillo’s Inc. will post 0.3 EPS for the current year.

Institutional Investors Weigh In On Portillo’s

Several hedge funds have recently added to or reduced their stakes in PTLO. Principal Financial Group Inc. boosted its stake in shares of Portillo’s by 10.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock valued at $24,086,000 after purchasing an additional 175,999 shares in the last quarter. Engaged Capital LLC boosted its position in Portillo’s by 38.7% during the second quarter. Engaged Capital LLC now owns 2,760,443 shares of the company’s stock valued at $26,832,000 after buying an additional 770,443 shares during the period. Hodges Capital Management Inc. purchased a new stake in Portillo’s during the third quarter valued at about $12,337,000. Rice Hall James & Associates LLC grew its stake in shares of Portillo’s by 51.2% during the third quarter. Rice Hall James & Associates LLC now owns 207,945 shares of the company’s stock valued at $2,801,000 after buying an additional 70,409 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Portillo’s by 218.1% in the second quarter. Victory Capital Management Inc. now owns 63,591 shares of the company’s stock worth $618,000 after buying an additional 43,602 shares during the period. Institutional investors own 98.34% of the company’s stock.

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.