Portillo's (NASDAQ:PTLO) Shares Up 5.9% - What's Next?

Shares of Portillo's Inc. (NASDAQ:PTLO - Get Free Report) shot up 5.9% during trading on Friday . The stock traded as high as $9.77 and last traded at $9.74. 473,246 shares changed hands during trading, a decline of 62% from the average session volume of 1,261,511 shares. The stock had previously closed at $9.20.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PTLO. Stifel Nicolaus lowered Portillo's from a "buy" rating to a "hold" rating and set a $13.00 target price on the stock. in a research report on Wednesday, November 6th. Stephens reissued an "equal weight" rating and issued a $13.00 target price on shares of Portillo's in a research note on Wednesday, November 6th. Finally, UBS Group reduced their price target on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $13.57.

Portillo's Stock Up 7.9 %

The business's 50-day moving average is $10.55 and its two-hundred day moving average is $11.14. The firm has a market capitalization of $737.02 million, a price-to-earnings ratio of 23.64, a P/E/G ratio of 10.96 and a beta of 1.72. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38.

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, beating the consensus estimate of $0.06 by $0.05. The company had revenue of $178.25 million during 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 firm's revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. On average, equities analysts anticipate that Portillo's Inc. will post 0.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Ridgewood Investments LLC acquired a new stake in Portillo's in the 4th quarter valued at approximately $47,000. Principal Financial Group Inc. raised its holdings in shares of Portillo's by 10.9% in the third 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. lifted its position 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 worth $15,838,000 after purchasing an additional 32,810 shares in the last quarter. Barclays PLC boosted its holdings in Portillo's by 55.6% during the third quarter. Barclays PLC now owns 117,430 shares of the company's stock worth $1,581,000 after purchasing an additional 41,944 shares during the last quarter. Finally, First Dallas Securities Inc. bought a new position in Portillo's in the third quarter valued at $300,000. 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.