Portillo’s (NASDAQ:PTLO) Hits New 52-Week Low at $12.26

Portillo’s Inc. (NASDAQ:PTLO) reached a new 52-week low on Tuesday . The company traded as low as $12.26 and last traded at $12.39, with a volume of 153547 shares trading hands. The stock had previously closed at $12.68.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PTLO shares. Morgan Stanley lowered their target price on shares of 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. Stephens started coverage on shares of Portillo’s in a research note on Friday, April 12th. They issued an “overweight” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.43.

Portillo’s Stock Performance

The stock has a market capitalization of $884.46 million, a price-to-earnings ratio of 39.10, a price-to-earnings-growth ratio of 1.53 and a beta of 1.85. 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 stock’s 50-day simple moving average is $13.62 and its 200 day simple moving average is $14.55.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. The firm had revenue of $187.86 million for the quarter, compared to analyst estimates of $184.95 million. Portillo’s had a net margin of 2.71% and a return on equity of 4.79%. The company’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. Analysts expect that Portillo’s Inc. will post 0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Portillo’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in shares of Portillo’s during the second quarter worth approximately $29,000. International Assets Investment Management LLC lifted 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 purchasing an additional 1,493 shares in the last quarter. Comerica Bank acquired a new position in shares of Portillo’s during the third quarter worth approximately $28,000. NBC Securities Inc. acquired a new position in shares of Portillo’s during the third quarter worth approximately $35,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Portillo’s during the first quarter worth approximately $54,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

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.