Portillo's (NASDAQ:PTLO) Stock Price Down 5.6% - Time to Sell?

Portillo's Inc. (NASDAQ:PTLO - Get Free Report)'s share price was down 5.6% during trading on Thursday . The company traded as low as $11.44 and last traded at $11.39. Approximately 812,380 shares were traded during trading, a decline of 44% from the average daily volume of 1,446,932 shares. The stock had previously closed at $12.06.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PTLO shares. Stephens reiterated an "equal weight" rating and set a $13.00 price target on shares of Portillo's in a report on Wednesday, May 7th. Baird R W downgraded Portillo's from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Stifel Nicolaus upped their target price on Portillo's from $16.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Piper Sandler lowered their price objective on Portillo's from $17.00 to $13.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $12.00 price target (down previously from $15.00) on shares of Portillo's in a research note on Monday, April 7th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $13.71.

Portillo's Price Performance

The company has a 50 day moving average price of $11.49 and a 200-day moving average price of $11.83. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The company has a market cap of $867.11 million, a price-to-earnings ratio of 27.60, a P/E/G ratio of 14.77 and a beta of 1.87.

Portillo's (NASDAQ:PTLO - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The company had revenue of $176.44 million during the quarter, compared to the consensus estimate of $180.76 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The firm's revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts predict that Portillo's Inc. will post 0.35 EPS for the current fiscal year.

Insider Activity at Portillo's

In other Portillo's news, Director Berkshire Partners Llc sold 10,000,000 shares of the business'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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Portillo's

Several institutional investors have recently added to or reduced their stakes in PTLO. Hollencrest Capital Management lifted its stake in Portillo's by 100.0% in the fourth 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 period. CWM LLC lifted its stake in Portillo's by 58.3% in the first 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 period. North Star Investment Management Corp. lifted its stake in Portillo's by 137.6% in the first 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 period. Comerica Bank lifted its stake in Portillo's by 172.6% in the fourth quarter. Comerica Bank now owns 5,395 shares of the company's stock valued at $51,000 after buying an additional 3,416 shares during the period. Finally, Fund 1 Investments LLC acquired a new position in Portillo's in the fourth quarter valued at approximately $53,000. 98.34% of the stock is owned by institutional investors and hedge funds.

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.