Portillo's (NASDAQ:PTLO) Trading Down 2.9% - Should You Sell?

Portillo's Inc. (NASDAQ:PTLO - Get Free Report) shares were down 2.9% during mid-day trading on Friday . The stock traded as low as $12.30 and last traded at $12.11. Approximately 120,477 shares traded hands during trading, a decline of 91% from the average daily volume of 1,278,049 shares. The stock had previously closed at $12.47.

Analysts Set New Price Targets

Several analysts recently issued reports on PTLO shares. Stifel Nicolaus upped their target price on Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Stephens boosted their price target on Portillo's from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Morgan Stanley lowered their price target on Portillo's from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Finally, UBS Group lowered their price target on Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Portillo's currently has an average rating of "Moderate Buy" and a consensus price target of $14.29.

Portillo's Stock Down 7.9 %

The firm has a 50 day simple moving average of $13.29 and a two-hundred day simple moving average of $12.22. 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 stock has a market capitalization of $915.38 million, a P/E ratio of 29.21, a PEG ratio of 14.77 and a beta of 1.80.

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Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.15. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The company had revenue of $184.61 million during the quarter, compared to analysts' expectations of $185.16 million. During the same period in the prior year, the company earned $0.13 EPS. Portillo's's revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts expect that Portillo's Inc. will post 0.35 earnings per share for the current year.

Institutional Trading of Portillo's

A number of institutional investors and hedge funds have recently bought and sold shares of PTLO. Hollencrest Capital Management increased its holdings in Portillo's by 100.0% in the fourth quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock valued at $38,000 after purchasing an additional 2,000 shares during the period. Ridgewood Investments LLC acquired a new stake in Portillo's during the 4th quarter worth about $47,000. Comerica Bank grew its holdings in Portillo's by 172.6% during the 4th quarter. Comerica Bank now owns 5,395 shares of the company's stock worth $51,000 after acquiring an additional 3,416 shares during the period. Fund 1 Investments LLC acquired a new stake in Portillo's during the 4th quarter worth about $53,000. Finally, BNP Paribas Financial Markets acquired a new stake in Portillo's during the 4th quarter worth about $62,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

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.