Portillo’s (NASDAQ:PTLO) Hits New 1-Year Low at $10.86

Portillo’s Inc. (NASDAQ:PTLO) shares reached 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Stephens reissued an “overweight” rating and issued a $20.00 price target on shares of Portillo’s in a report on Tuesday. Morgan Stanley dropped their price target on 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.

Portillo’s Stock Performance

The firm has a 50-day simple moving average of $13.18 and a 200 day simple moving average of $14.28. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.62. The company has a market cap of $786.62 million, a price-to-earnings ratio of 35.87, a price-to-earnings-growth ratio of 1.56 and a beta of 1.86.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.05 by $0.08. Portillo’s had a net margin of 2.71% and a return on equity of 4.79%. The firm had revenue of $187.86 million during the quarter, compared to analysts’ expectations of $184.95 million. During the same quarter last year, the business earned $0.08 earnings per share. The business’s revenue for the quarter was up 24.5% compared to the same quarter last year. On average, sell-side analysts predict that Portillo’s Inc. will post 0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Portillo’s

Several hedge funds and other institutional investors have recently modified their holdings of PTLO. Assetmark Inc. grew its position in shares of Portillo’s by 28.6% during the 4th quarter. Assetmark Inc. now owns 3,222 shares of the company’s stock valued at $51,000 after buying an additional 717 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Portillo’s by 7.3% in the third quarter. State Board of Administration of Florida Retirement System now owns 12,940 shares of the company’s stock valued at $199,000 after buying an additional 880 shares during the last quarter. Raymond James & Associates boosted 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 valued at $189,000 after acquiring an additional 1,475 shares during the period. International Assets Investment Management LLC grew its position in shares of Portillo’s by 1,493.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,593 shares of the company’s stock worth $25,000 after acquiring an additional 1,493 shares during the last quarter. Finally, Y.D. More Investments Ltd increased its holdings in shares of Portillo’s by 31.6% in the 4th quarter. Y.D. More Investments Ltd now owns 6,250 shares of the company’s stock worth $100,000 after acquiring an additional 1,500 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.