Portillo’s (NASDAQ:PTLO) Trading Down 2.9% – Should You Sell?

Shares of Portillo’s Inc. (NASDAQ:PTLO) fell 2.9% on Friday . The company traded as low as $12.30 and last traded at $12.11. 120,477 shares were traded during mid-day trading, a decline of 91% from the average session volume of 1,278,049 shares. The stock had previously closed at $12.47.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PTLO shares. UBS Group cut their price target on Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus increased their target price on shares of Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Morgan Stanley decreased their price target on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, Stephens upped their price objective on shares of Portillo’s from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.29.

Portillo’s Trading Down 0.6 %

The firm’s 50-day moving average is $13.17 and its 200-day moving average is $12.21. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The firm has a market cap of $925.15 million, a price-to-earnings ratio of 29.53, a P/E/G ratio of 14.77 and a beta of 1.80.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.15. The business had revenue of $184.61 million during the quarter, compared to the consensus estimate of $185.16 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. Portillo’s’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 EPS. As a group, sell-side analysts anticipate that Portillo’s Inc. will post 0.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Portillo’s

Hedge funds have recently bought and sold shares of the company. First Dallas Securities Inc. boosted its holdings in Portillo’s by 94.4% during the 4th quarter. First Dallas Securities Inc. now owns 43,250 shares of the company’s stock worth $407,000 after acquiring an additional 21,000 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Portillo’s by 229.0% during the 4th quarter. Fifth Third Bancorp now owns 43,100 shares of the company’s stock worth $405,000 after acquiring an additional 30,000 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Portillo’s by 10.9% during the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock worth $24,086,000 after acquiring an additional 175,999 shares during the last quarter. CenterStar Asset Management LLC boosted its holdings in Portillo’s by 348.4% during the 4th quarter. CenterStar Asset Management LLC now owns 60,529 shares of the company’s stock worth $568,000 after acquiring an additional 47,029 shares during the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new position in Portillo’s during the 4th quarter worth $2,590,000. 98.34% of the stock is owned by hedge funds and other institutional investors.

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.