Portillo's (NASDAQ:PTLO) Sets New 12-Month Low - What's Next?

Key Points

• Portillo's Inc. (NASDAQ:PTLO) stock reached a new 52-week low at $7.85, closing at $8.19 after trading 996,998 shares.
• Analysts have issued mixed ratings on Portillo's stock, with target prices ranging from $12.00 to $18.00, and the average rating stands at a "Moderate Buy."
• Insider trading was notable, with Berkshire Partners LLC selling 10 million shares for approximately $122.3 million, while institutional investors heavily increased their positions in the company.

Shares of Portillo's Inc. (NASDAQ:PTLO - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $7.85 and last traded at $8.19, with a volume of 996998 shares trading hands. The stock had previously closed at $9.49.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PTLO. Guggenheim lowered their price target on Portillo's from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Tuesday, July 8th. UBS Group dropped their price objective on Portillo's from $12.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday. Bank of America lowered their target price on Portillo's from $19.00 to $16.00 and set a "buy" rating for the company in a report on Friday, July 18th. Morgan Stanley decreased their price objective on Portillo's from $12.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, Robert W. Baird set a $8.00 price objective on Portillo's in a research note on Tuesday. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $12.88.

Portillo's Trading Up 1.9%

The firm has a market cap of $576.41 million, a PE ratio of 17.02, a P/E/G ratio of 4.63 and a beta of 1.81. The company has a current ratio of 0.25, a quick ratio of 0.21 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average price of $11.20 and a 200 day moving average price of $12.11.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.12. The firm had revenue of $188.46 million during the quarter, compared to analysts' expectations of $197.04 million. Portillo's had a return on equity of 6.25% and a net margin of 4.19%. The business's revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. Analysts forecast that Portillo's Inc. will post 0.35 EPS for the current year.

Insiders Place Their Bets

In other Portillo's news, Director Berkshire Partners Llc sold 10,000,000 shares of the firm's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $12.23, for a total transaction of $122,300,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PTLO. Orbis Allan Gray Ltd increased its position in shares of Portillo's by 4.1% during the first quarter. Orbis Allan Gray Ltd now owns 5,973,638 shares of the company's stock worth $71,027,000 after acquiring an additional 234,475 shares during the last quarter. Vanguard Group Inc. increased its holdings in Portillo's by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 5,571,434 shares of the company's stock valued at $52,371,000 after buying an additional 97,801 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Portillo's by 10,963.2% in the first quarter. Alliancebernstein L.P. now owns 4,947,461 shares of the company's stock valued at $58,825,000 after buying an additional 4,902,741 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Portillo's by 53.6% in the first quarter. Ameriprise Financial Inc. now owns 3,413,669 shares of the company's stock valued at $40,590,000 after buying an additional 1,191,443 shares during the last quarter. Finally, Zuckerman Investment Group LLC increased its holdings in Portillo's by 6.9% in the fourth quarter. Zuckerman Investment Group LLC now owns 1,944,983 shares of the company's stock valued at $18,283,000 after buying an additional 125,073 shares during 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.