Portillo's (NASDAQ:PTLO) Sets New 1-Year Low - Here's What Happened

Portillo's Inc. (NASDAQ:PTLO - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $8.38 and last traded at $8.80, with a volume of 1824821 shares trading hands. The stock had previously closed at $8.66.

Wall Street Analysts Forecast Growth

PTLO has been the topic of several recent research reports. UBS Group lifted their target price on shares of Portillo's from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Stifel Nicolaus lowered shares of 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. Finally, Stephens reaffirmed an "equal weight" rating and set a $13.00 price objective on shares of Portillo's in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $14.00.

Portillo's Trading Up 2.7 %

The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The company's 50-day moving average is $11.44 and its 200-day moving average is $11.22. The stock has a market capitalization of $670.97 million, a price-to-earnings ratio of 21.52, a PEG ratio of 10.96 and a beta of 1.68.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.05. The business had revenue of $178.25 million during the quarter, compared to the consensus estimate of $182.07 million. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. The business's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 EPS. Research analysts anticipate that Portillo's Inc. will post 0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its holdings in 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 during the last quarter. Franklin Resources Inc. grew its stake in shares of Portillo's by 2.6% in the third quarter. Franklin Resources Inc. now owns 1,291,846 shares of the company's stock valued at $15,838,000 after buying an additional 32,810 shares in the last quarter. Barclays PLC raised its holdings in shares of Portillo's by 55.6% in the 3rd quarter. Barclays PLC now owns 117,430 shares of the company's stock valued at $1,581,000 after buying an additional 41,944 shares during the period. First Dallas Securities Inc. acquired a new position in Portillo's during the 3rd quarter worth about $300,000. Finally, Geode Capital Management LLC boosted its holdings in Portillo's by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,270,142 shares of the company's stock valued at $17,113,000 after acquiring an additional 49,181 shares during the period. Institutional investors and hedge funds 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.