Portillo's Inc. (NASDAQ:PTLO - Get Free Report) shares were down 3.9% during trading on Wednesday after Guggenheim lowered their price target on the stock from $18.00 to $17.00. Guggenheim currently has a buy rating on the stock. Portillo's traded as low as $11.41 and last traded at $11.48. Approximately 1,495,780 shares changed hands during mid-day trading, a decline of 0% from the average daily volume of 1,498,867 shares. The stock had previously closed at $11.95.
Other equities analysts have also recently issued reports about the company. Baird R W cut Portillo's from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Stephens restated an "equal weight" rating and issued a $13.00 target price on shares of Portillo's in a report on Wednesday, May 7th. Piper Sandler decreased their target price on Portillo's from $17.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. UBS Group decreased their target price on Portillo's from $15.00 to $12.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Morgan Stanley set a $12.00 target price on Portillo's in a report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $14.13.
View Our Latest Analysis on PTLO
Insider Buying and Selling at Portillo's
In other news, Director Berkshire Partners Llc sold 10,000,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $12.23, for a total value of $122,300,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 6.14% of the company's stock.
Institutional Investors Weigh In On Portillo's
A number of large investors have recently bought and sold shares of the business. Hollencrest Capital Management boosted its position in Portillo's by 100.0% in the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock valued at $38,000 after buying an additional 2,000 shares during the last quarter. CWM LLC boosted its position in Portillo's by 58.3% in the 1st quarter. CWM LLC now owns 3,194 shares of the company's stock valued at $38,000 after buying an additional 1,176 shares during the last quarter. North Star Investment Management Corp. boosted its position in Portillo's by 137.6% in the 1st quarter. North Star Investment Management Corp. now owns 3,517 shares of the company's stock valued at $42,000 after buying an additional 2,037 shares during the last quarter. Comerica Bank lifted its stake in shares of Portillo's by 172.6% in the 4th quarter. Comerica Bank now owns 5,395 shares of the company's stock valued at $51,000 after purchasing an additional 3,416 shares during the period. Finally, Fund 1 Investments LLC acquired a new position in shares of Portillo's in the 4th quarter valued at $53,000. 98.34% of the stock is currently owned by institutional investors.
Portillo's Stock Performance
The stock has a 50 day moving average price of $11.70 and a two-hundred day moving average price of $12.04. 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 company has a market cap of $858.19 million, a price-to-earnings ratio of 26.70, a P/E/G ratio of 9.15 and a beta of 1.83.
Portillo's (NASDAQ:PTLO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The business had revenue of $176.44 million for the quarter, compared to the consensus estimate of $180.76 million. Portillo's had a return on equity of 5.87% and a net margin of 3.92%. The firm's revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. Analysts predict that Portillo's Inc. will post 0.35 EPS for the current year.
About Portillo's
(
Get Free Report)
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.
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