Portillo's (NASDAQ:PTLO) Reaches New 52-Week Low at $12.26

Portillo's Inc. (NASDAQ:PTLO - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.26 and last traded at $12.39, with a volume of 153547 shares trading hands. The stock had previously closed at $12.68.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PTLO. Morgan Stanley reduced their target price on shares of Portillo's from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Friday. Stephens started coverage on shares of Portillo's in a research report on Friday. They issued an "overweight" rating and a $20.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $22.43.

Portillo's Stock Up 2.0 %

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.32 and a current ratio of 0.40. The stock has a market capitalization of $943.50 million, a price-to-earnings ratio of 41.71, a P/E/G ratio of 1.56 and a beta of 1.85. The firm's fifty day simple moving average is $13.66 and its 200 day simple moving average is $14.59.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.05 by $0.08. The firm had revenue of $187.86 million for the quarter, compared to the consensus estimate of $184.95 million. Portillo's had a net margin of 2.71% and a return on equity of 4.79%. The business's quarterly revenue was up 24.5% on a year-over-year basis. During the same period last year, the company posted $0.08 EPS. On average, sell-side analysts forecast that Portillo's Inc. will post 0.41 earnings per share for the current year.

Institutional Trading of Portillo's

Hedge funds and other institutional investors have recently made changes to their positions in the business. Samlyn Capital LLC bought a new position in shares of Portillo's in the first quarter valued at $47,879,000. Norges Bank bought a new position in shares of Portillo's in the fourth quarter valued at $22,032,000. Balyasny Asset Management L.P. grew its stake in shares of Portillo's by 2,309.9% in the first quarter. Balyasny Asset Management L.P. now owns 1,346,532 shares of the company's stock valued at $28,775,000 after buying an additional 1,290,658 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of Portillo's by 521.7% in the second quarter. Point72 Asset Management L.P. now owns 1,051,930 shares of the company's stock valued at $23,700,000 after buying an additional 882,738 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Portillo's by 41.1% in the third quarter. Vanguard Group Inc. now owns 2,583,288 shares of the company's stock valued at $50,866,000 after buying an additional 752,280 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

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.