Portillo’s (NASDAQ:PTLO) Trading 3.7% Higher

Portillo’s Inc. (NASDAQ:PTLO) traded up 3.7% during mid-day trading on Friday . The stock traded as high as $12.17 and last traded at $12.17. 214,729 shares traded hands during trading, a decline of 76% from the average session volume of 879,229 shares. The stock had previously closed at $11.74.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Stephens assumed coverage on shares of Portillo’s in a research report on Friday, April 12th. They set an “overweight” rating and a $20.00 price target on the stock. Morgan Stanley decreased their price target on shares of Portillo’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, April 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.43.

Portillo’s Trading Up 3.8 %

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.32 and a current ratio of 0.40. The stock has a market capitalization of $889.50 million, a P/E ratio of 39.26, a price-to-earnings-growth ratio of 1.51 and a beta of 1.85. The firm’s fifty day simple moving average is $13.57 and its 200 day simple moving average is $14.53.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.08. The company had revenue of $187.86 million for the quarter, compared to analyst estimates of $184.95 million. Portillo’s had a net margin of 2.71% and a return on equity of 4.79%. The firm’s revenue was up 24.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 EPS. As a group, equities research analysts forecast that Portillo’s Inc. will post 0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Portillo’s

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. grew its holdings in Portillo’s by 121.4% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 135,528 shares of the company’s stock worth $2,086,000 after acquiring an additional 74,314 shares during the last quarter. Teza Capital Management LLC bought a new stake in Portillo’s during the 3rd quarter worth approximately $175,000. Vanguard Group Inc. grew its holdings in Portillo’s by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,523,034 shares of the company’s stock worth $69,609,000 after acquiring an additional 57,451 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in Portillo’s by 115.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 125,678 shares of the company’s stock worth $1,934,000 after acquiring an additional 67,348 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Portillo’s by 2.4% during the 3rd quarter. Swiss National Bank now owns 102,700 shares of the company’s stock worth $1,581,000 after acquiring an additional 2,400 shares during the last quarter. 98.34% of the stock is owned by institutional investors.

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.