Portillo’s (NASDAQ:PTLO) Trading Up 5.6% – Time to Buy?

Portillo’s Inc. (NASDAQ:PTLO) shares rose 5.6% during trading on Tuesday . The company traded as high as $13.85 and last traded at $14.14. Approximately 201,021 shares were traded during trading, a decline of 89% from the average daily volume of 1,773,276 shares. The stock had previously closed at $13.39.

Wall Street Analyst Weigh In

Several research firms have commented on PTLO. Morgan Stanley cut their price target on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Stephens restated an “equal weight” rating and issued a $13.00 price objective on shares of Portillo’s in a research note on Wednesday, November 6th. UBS Group decreased their target price on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus raised shares of Portillo’s from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $16.00 in a research report on Monday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Portillo’s currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Portillo’s Trading Up 5.2 %

The company’s fifty day moving average price is $10.31 and its two-hundred day moving average price is $11.32. 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 $1.05 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 12.23 and a beta of 1.72.

Portillo’s (NASDAQ:PTLO) last announced its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The company had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. During the same period last year, the company posted $0.07 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts expect that Portillo’s Inc. will post 0.34 earnings per share for the current year.

Institutional Investors Weigh In On Portillo’s

Several hedge funds and other institutional investors have recently made changes to their positions in PTLO. CenterStar Asset Management LLC lifted its stake in shares of Portillo’s by 348.4% in the 4th quarter. CenterStar Asset Management LLC now owns 60,529 shares of the company’s stock valued at $568,000 after purchasing an additional 47,029 shares during the period. First Dallas Securities Inc. grew its position in shares of Portillo’s by 94.4% during the 4th quarter. First Dallas Securities Inc. now owns 43,250 shares of the company’s stock worth $407,000 after buying an additional 21,000 shares during the period. Hodges Capital Management Inc. increased its stake in shares of Portillo’s by 80.5% in the 4th quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company’s stock valued at $15,537,000 after acquiring an additional 737,049 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Portillo’s in the 4th quarter valued at approximately $2,590,000. Finally, Total Clarity Wealth Management Inc. bought a new position in Portillo’s during the 4th quarter worth approximately $165,000. 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.