Portillo’s (NASDAQ:PTLO) Hits New 1-Year Low – Here’s What Happened

Shares of Portillo’s Inc. (NASDAQ:PTLO) reached a new 52-week low during trading on Monday . The stock traded as low as $6.60 and last traded at $6.68, with a volume of 1259953 shares changing hands. The stock had previously closed at $6.82.

Analysts Set New Price Targets

Several equities analysts have commented on PTLO shares. William Blair reissued an “outperform” rating on shares of Portillo’s in a report on Friday, May 30th. Robert W. Baird set a $8.00 price target on shares of Portillo’s in a research note on Tuesday, August 5th. Guggenheim reduced their target price on shares of Portillo’s from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, July 8th. Bank of America cut their price target on shares of Portillo’s from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, July 18th. Finally, Stephens lowered their price target on shares of Portillo’s from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.50.

Portillo’s Price Performance

The firm has a fifty day moving average of $9.27 and a 200 day moving average of $11.05. The company has a market capitalization of $498.44 million, a P/E ratio of 14.66, a P/E/G ratio of 4.71 and a beta of 1.79. The company has a current ratio of 0.29, a quick ratio of 0.23 and a debt-to-equity ratio of 0.49.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The company had revenue of $188.46 million for the quarter, compared to analysts’ expectations of $197.04 million. Portillo’s had a return on equity of 6.25% and a net margin of 4.19%.The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 EPS. Portillo’s has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Portillo’s Inc. will post 0.35 EPS for the current year.

Insiders Place Their Bets

In other Portillo’s news, CFO Michelle Greig Hook purchased 40,000 shares of the stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $7.67 per share, with a total value of $306,800.00. Following the completion of the acquisition, the chief financial officer owned 173,405 shares in the company, valued at $1,330,016.35. The trade was a 29.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Kelly M. Kaiser acquired 27,000 shares of Portillo’s stock in a transaction dated Thursday, August 7th. The stock was purchased at an average price of $7.68 per share, with a total value of $207,360.00. Following the completion of the purchase, the general counsel owned 68,495 shares of the company’s stock, valued at approximately $526,041.60. The trade was a 65.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 210,570 shares of company stock worth $1,614,474. 6.14% of the stock is currently owned by company insiders.

Institutional Trading of Portillo’s

A number of institutional investors have recently made changes to their positions in PTLO. PNC Financial Services Group Inc. boosted its stake in Portillo’s by 135.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,596 shares of the company’s stock worth $30,000 after buying an additional 1,495 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of Portillo’s in the 2nd quarter valued at $32,000. CWM LLC raised its holdings in shares of 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 period. North Star Investment Management Corp. raised its holdings in shares of 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 period. Finally, Comerica Bank raised its holdings 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 buying an additional 3,416 shares during the period. 98.34% of the stock is owned by institutional investors and hedge funds.

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.