Portillo's (NASDAQ:PTLO) Stock Price Down 7.5% - Here's Why

Portillo's Inc. (NASDAQ:PTLO - Get Free Report) traded down 7.5% during mid-day trading on Monday . The company traded as low as $10.69 and last traded at $10.66. 355,335 shares were traded during trading, a decline of 74% from the average session volume of 1,348,983 shares. The stock had previously closed at $11.53.

Analyst Ratings Changes

A number of brokerages have weighed in on PTLO. Stephens raised their price objective on Portillo's from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Morgan Stanley set a $12.00 target price on shares of Portillo's in a research note on Monday, April 14th. Stifel Nicolaus raised their target price on shares of Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, February 28th. UBS Group reduced their target price on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Finally, Robert W. Baird reissued a "neutral" rating and issued a $12.00 price objective (down from $15.00) on shares of Portillo's in a report on Monday, April 7th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $13.71.

Portillo's Trading Up 1.0 %

The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. The business has a fifty day moving average of $12.46 and a 200-day moving average of $12.01. The stock has a market capitalization of $800.49 million, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 14.77 and a beta of 1.82.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.15. The company had revenue of $184.61 million during the quarter, compared to the consensus estimate of $185.16 million. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The company's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 EPS. On average, equities analysts anticipate that Portillo's Inc. will post 0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Barclays PLC grew its stake in Portillo's by 55.6% during the 3rd quarter. Barclays PLC now owns 117,430 shares of the company's stock valued at $1,581,000 after acquiring an additional 41,944 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Portillo's by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,270,142 shares of the company's stock valued at $17,113,000 after acquiring an additional 49,181 shares in the last quarter. Franklin Resources Inc. grew its holdings in Portillo's by 2.6% during the third quarter. Franklin Resources Inc. now owns 1,291,846 shares of the company's stock valued at $15,838,000 after purchasing an additional 32,810 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Portillo's by 10.9% in the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company's stock valued at $24,086,000 after purchasing an additional 175,999 shares during the period. Finally, Ridgewood Investments LLC bought a new position in Portillo's in the 4th quarter worth $47,000. 98.34% of the stock is owned by hedge funds and other institutional investors.

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.