Portillo’s (NASDAQ:PTLO) Shares Up 5.6% – What’s Next?

Portillo’s Inc. (NASDAQ:PTLO) shot up 5.6% on Tuesday . The stock traded as high as $13.85 and last traded at $14.14. 201,021 shares traded hands during trading, a decline of 89% from the average session volume of 1,773,276 shares. The stock had previously closed at $13.39.

Analyst Ratings Changes

A number of research firms have recently issued reports on PTLO. Morgan Stanley reduced their target price on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Stephens reaffirmed an “equal weight” rating and set a $13.00 target price on shares of Portillo’s in a research note on Wednesday, November 6th. UBS Group reduced their price target on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus raised shares of Portillo’s from a “hold” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $16.00 in a research report on Monday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Portillo’s has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Portillo’s Price Performance

The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $10.50 and a 200-day simple moving average of $11.40. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 12.23 and a beta of 1.72.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. The company had revenue of $178.25 million for 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%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $0.07 EPS. As a group, equities research analysts expect that Portillo’s Inc. will post 0.34 EPS for the current year.

Institutional Investors Weigh In On Portillo’s

Several large investors have recently modified their holdings of the stock. Wolff Wiese Magana LLC grew its position in Portillo’s by 2.5% in the third quarter. Wolff Wiese Magana LLC now owns 32,207 shares of the company’s stock valued at $434,000 after acquiring an additional 781 shares during the period. NBC Securities Inc. grew its holdings in shares of Portillo’s by 43.5% in the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock worth $44,000 after purchasing an additional 1,000 shares during the last quarter. Lakewood Asset Management LLC increased its position in shares of Portillo’s by 2.2% during the 4th quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company’s stock worth $984,000 after purchasing an additional 2,251 shares in the last quarter. Stoneridge Investment Partners LLC lifted its holdings in Portillo’s by 23.5% during the 4th quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company’s stock valued at $118,000 after purchasing an additional 2,396 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of Portillo’s in the 2nd quarter worth approximately $29,000. 98.34% of the stock is currently owned by 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.