Portillo's (NASDAQ:PTLO) Stock Price Up 3.7%

Portillo's Inc. (NASDAQ:PTLO - Get Free Report) was up 3.7% during mid-day trading on Friday . The company traded as high as $12.17 and last traded at $12.17. Approximately 214,729 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 879,229 shares. The stock had previously closed at $11.74.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PTLO shares. Stephens started coverage on Portillo's in a research report on Friday, April 12th. They issued an "overweight" rating and a $20.00 target price on the stock. Morgan Stanley dropped their price target on shares of Portillo's from $17.00 to $16.00 and set an "equal weight" rating for the company in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.43.

Portillo's Trading Up 3.2 %

The company has a debt-to-equity ratio of 0.62, a current ratio of 0.40 and a quick ratio of 0.32. The business's 50 day moving average is $13.57 and its 200 day moving average is $14.53. The stock has a market cap of $883.67 million, a price-to-earnings ratio of 39.26, a P/E/G ratio of 1.51 and a beta of 1.85.

Portillo's (NASDAQ:PTLO - Get Free Report) last issued its earnings results on Tuesday, February 27th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.08. The firm had revenue of $187.86 million during 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 company's revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 earnings per share. As a group, equities analysts expect that Portillo's Inc. will post 0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Portillo's

Large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC raised its holdings in shares of Portillo's by 1,493.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,593 shares of the company's stock valued at $25,000 after buying an additional 1,493 shares during the last quarter. Comerica Bank purchased a new stake in shares of Portillo's in the third quarter valued at about $28,000. State of Wyoming purchased a new stake in shares of Portillo's in the second quarter valued at about $29,000. NBC Securities Inc. purchased a new stake in shares of Portillo's in the third quarter valued at about $35,000. Finally, Harbour Investments Inc. raised its holdings in Portillo's by 310.2% during the fourth quarter. Harbour Investments Inc. now owns 2,625 shares of the company's stock worth $42,000 after purchasing an additional 1,985 shares in the last quarter. Institutional investors and hedge funds 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.