Portillo's (NASDAQ:PTLO) Reaches New 1-Year Low - What's Next?

Key Points

• Portillo's Inc. shares have reached a new 52-week low, trading at $6.83, with significant trading volume at 752,225 shares.
• A series of analysts have lowered their price targets for Portillo's, with projections now ranging from $9.00 to $13.00 and a consensus target price of $12.50.
• Insider buying activity has been noteworthy, with Director Eugene I. Lee, Jr. acquiring over 130,000 shares, indicating increased confidence in the company's future prospects.

Portillo's Inc. (NASDAQ:PTLO - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The stock traded as low as $6.83 and last traded at $6.85, with a volume of 752225 shares trading hands. The stock had previously closed at $7.08.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Guggenheim lowered their price objective on shares of Portillo's from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Tuesday, July 8th. William Blair restated an "outperform" rating on shares of Portillo's in a research note on Friday, May 30th. Stephens reduced their price target on Portillo's from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. Bank of America cut their target price on shares of Portillo's from $19.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, July 18th. Finally, Robert W. Baird set a $8.00 price target on shares of Portillo's in a research note on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Portillo's presently has an average rating of "Moderate Buy" and an average price target of $12.50.

Portillo's Trading Up 1.0%

The company has a market cap of $513.89 million, a price-to-earnings ratio of 15.16, a PEG ratio of 4.71 and a beta of 1.78. The company has a quick ratio of 0.23, a current ratio of 0.29 and a debt-to-equity ratio of 0.49. The business's fifty day simple moving average is $9.27 and its two-hundred day simple moving average is $11.07.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. Portillo's had a net margin of 4.19% and a return on equity of 6.25%. The firm had revenue of $188.46 million for the quarter, compared to the consensus estimate of $197.04 million. During the same period last year, the firm posted $0.10 EPS. The company's revenue was up 3.6% on a year-over-year basis. Portillo's has set its FY 2025 guidance at EPS. On average, equities analysts predict that Portillo's Inc. will post 0.35 EPS for the current year.

Insider Transactions at Portillo's

In other news, General Counsel Kelly M. Kaiser purchased 27,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average price of $7.68 per share, for a total transaction of $207,360.00. Following the purchase, the general counsel directly owned 68,495 shares of the company's stock, valued at $526,041.60. This represents a 65.07% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eugene I. Lee, Jr. purchased 130,250 shares of the business's stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of $7.68 per share, for a total transaction of $1,000,320.00. Following the transaction, the director owned 130,250 shares of the company's stock, valued at $1,000,320. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 210,570 shares of company stock valued at $1,614,474 in the last 90 days. Company insiders own 6.14% of the company's stock.

Institutional Trading of Portillo's

A number of large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in Portillo's by 135.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,596 shares of the company's stock valued at $30,000 after purchasing an additional 1,495 shares during the period. Allworth Financial LP acquired a new position in Portillo's in the 2nd quarter valued at about $32,000. CWM LLC raised its stake in Portillo's by 58.3% during the 1st quarter. CWM LLC now owns 3,194 shares of the company's stock valued at $38,000 after acquiring an additional 1,176 shares during the last quarter. North Star Investment Management Corp. lifted its position in Portillo's by 137.6% during the 1st quarter. North Star Investment Management Corp. now owns 3,517 shares of the company's stock worth $42,000 after acquiring an additional 2,037 shares during the period. Finally, Comerica Bank lifted its position in Portillo's by 172.6% during the 4th quarter. Comerica Bank now owns 5,395 shares of the company's stock worth $51,000 after acquiring an additional 3,416 shares during the period. Institutional investors and hedge funds own 98.34% of the company's stock.

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.