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

Portillo’s Inc. (NASDAQ:PTLO)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $6.95 and last traded at $7.09, with a volume of 422637 shares changing hands. The stock had previously closed at $7.04.

Wall Street Analyst Weigh In

PTLO has been the topic of several recent analyst reports. Piper Sandler reduced their target price on shares of Portillo’s from $17.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 7th. Wall Street Zen downgraded shares of Portillo’s from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Guggenheim reduced their target price on shares of Portillo’s from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, July 8th. Robert W. Baird set a $8.00 target price on shares of Portillo’s in a research note on Tuesday, August 5th. Finally, William Blair restated an “outperform” rating on shares of Portillo’s in a research note on Friday, May 30th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.50.

Portillo’s Trading Down 0.3%

The company’s 50-day moving average is $9.90 and its 200-day moving average is $11.49. The firm has a market cap of $525.72 million, a price-to-earnings ratio of 15.56, a P/E/G ratio of 4.91 and a beta of 1.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.23 and a current ratio of 0.29.

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

Insider Transactions at Portillo’s

In other news, CEO Michael Osanloo acquired 11,320 shares of the company’s stock in a transaction on Friday, August 8th. The stock was purchased at an average cost of $7.42 per share, with a total value of $83,994.40. Following the acquisition, the chief executive officer owned 63,317 shares of the company’s stock, valued at $469,812.14. This trade represents a 21.77% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Kelly M. Kaiser acquired 27,000 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of $7.68 per share, with a total value of $207,360.00. Following the completion of the acquisition, the general counsel directly owned 68,495 shares in the company, valued at approximately $526,041.60. The trade was a 65.07% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 210,570 shares of company stock valued at $1,614,474. 6.14% of the stock is owned by company insiders.

Institutional Trading of Portillo’s

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Orbis Allan Gray Ltd increased its stake in shares of Portillo’s by 6.4% in the 2nd quarter. Orbis Allan Gray Ltd now owns 6,358,093 shares of the company’s stock valued at $74,199,000 after acquiring an additional 384,455 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Portillo’s by 16.8% in the 2nd quarter. Alliancebernstein L.P. now owns 5,777,921 shares of the company’s stock valued at $67,428,000 after acquiring an additional 830,460 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Portillo’s by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,563,600 shares of the company’s stock valued at $41,587,000 after acquiring an additional 149,931 shares during the last quarter. Zuckerman Investment Group LLC increased its stake in shares of Portillo’s by 1.6% in the 2nd quarter. Zuckerman Investment Group LLC now owns 1,873,724 shares of the company’s stock valued at $21,866,000 after acquiring an additional 30,031 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in shares of Portillo’s by 0.9% in the 2nd quarter. Blair William & Co. IL now owns 1,627,315 shares of the company’s stock valued at $18,991,000 after acquiring an additional 14,303 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.