Portillo's (NASDAQ:PTLO) Shares Up 5.6% - Should You Buy?

Portillo's Inc. (NASDAQ:PTLO - Get Free Report) shares rose 5.6% during trading on Tuesday . The stock traded as high as $13.85 and last traded at $14.14. Approximately 201,021 shares changed hands during trading, a decline of 89% from the average daily volume of 1,773,276 shares. The stock had previously closed at $13.39.

Analyst Upgrades and Downgrades

PTLO has been the topic of several recent analyst reports. Morgan Stanley cut their target price on Portillo's from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Stifel Nicolaus upgraded Portillo's from a "hold" rating to a "buy" rating and raised their price target for the stock from $13.00 to $16.00 in a research note on Monday. UBS Group dropped their price target on Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Finally, Stephens restated an "equal weight" rating and issued a $13.00 price target on shares of Portillo's in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $14.00.

Portillo's Trading Down 0.2 %

The stock has a fifty day moving average of $10.57 and a 200 day moving average of $11.42. The company has a market capitalization of $1.03 billion, a P/E ratio of 33.12, a PEG ratio of 14.32 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 earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.05. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The company had revenue of $178.25 million for the quarter, compared to analysts' expectations of $182.07 million. During the same period last year, the firm earned $0.07 EPS. Portillo's's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Portillo's Inc. will post 0.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Portillo's

Institutional investors and hedge funds have recently bought and sold shares of the business. Engaged Capital LLC increased its holdings in shares of Portillo's by 121.5% in the third quarter. Engaged Capital LLC now owns 6,114,956 shares of the company's stock worth $82,368,000 after purchasing an additional 3,354,513 shares during the last quarter. Hodges Capital Management Inc. purchased a new position in shares of Portillo's during the third quarter valued at approximately $12,337,000. Millennium Management LLC raised its stake in shares of Portillo's by 499.4% during the second quarter. Millennium Management LLC now owns 392,167 shares of the company's stock valued at $3,812,000 after acquiring an additional 326,743 shares in the last quarter. Emerald Advisers LLC raised its stake in shares of Portillo's by 29.4% during the third quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company's stock valued at $17,137,000 after acquiring an additional 288,675 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Portillo's during the fourth quarter valued at approximately $2,590,000. 98.34% of the stock is 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.