Portillo’s (NASDAQ:PTLO) Sets New 12-Month Low – Time to Sell?

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

Wall Street Analysts Forecast Growth

PTLO has been the subject of several recent research reports. UBS Group boosted their price objective on Portillo’s from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Stifel Nicolaus downgraded Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price target for the company. in a research note on Wednesday, November 6th. Finally, Stephens reissued an “equal weight” rating and issued a $13.00 price objective on shares of Portillo’s in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Portillo’s has an average rating of “Hold” and a consensus price target of $14.00.

Portillo’s Stock Performance

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

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business had revenue of $178.25 million for the quarter, compared to analysts’ expectations of $182.07 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that Portillo’s Inc. will post 0.3 EPS for the current fiscal year.

Institutional Trading of Portillo’s

A number of large investors have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC lifted its position in shares of Portillo’s by 2.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 32,207 shares of the company’s stock valued at $434,000 after buying an additional 781 shares during the last quarter. NBC Securities Inc. lifted its holdings in Portillo’s by 43.5% during the third quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock valued at $44,000 after purchasing an additional 1,000 shares during the last quarter. Select Equity Group L.P. lifted its holdings in Portillo’s by 2.6% during the second quarter. Select Equity Group L.P. now owns 112,424 shares of the company’s stock valued at $1,093,000 after purchasing an additional 2,897 shares during the last quarter. Point72 DIFC Ltd bought a new position in Portillo’s during the second quarter worth about $29,000. Finally, Arizona State Retirement System increased its stake in shares of Portillo’s by 24.9% in the second quarter. Arizona State Retirement System now owns 16,354 shares of the company’s stock worth $159,000 after purchasing an additional 3,261 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

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.