Portillo’s Inc. (NASDAQ:PTLO)’s traded shares stood at 1.25 million during the last session. At the close of trading, the stock’s price was $20.08, to imply an increase of 4.53% or $0.87 in intraday trading. The PTLO share’s 52-week high remains $28.93, putting it -44.07% down since that peak but still an impressive 26.1% since price per share fell to its 52-week low of $14.84. The company has a valuation of $1.47B, with an average of 1.53 million shares in intraday trading volume over the past 10 days and average of 775.48K shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Portillo’s Inc. (PTLO), translating to a mean rating of 2.00. Of 10 analyst(s) looking at the stock, 0 analyst(s) give PTLO a Sell rating. 1 of those analysts rate the stock as Overweight while 4 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.01.
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Portillo’s Inc. (NASDAQ:PTLO) trade information
After registering a 4.53% upside in the last session, Portillo’s Inc. (PTLO) has traded red over the past five days. The stock hit a weekly high of 20.11 this Thursday, 03/16/23, jumping 4.53% in its intraday price action. The 5-day price performance for the stock is 3.67%, and -12.35% over 30 days. With these gigs, the year-to-date price performance is 23.04%. Short interest in Portillo’s Inc. (NASDAQ:PTLO) saw shorts transact 4.6 million shares and set a 6.87 days time to cover.
Analysts on Wall Street suggest a consensus price target of $27.44, implying an increase of 26.82% to the stock’s current value. The extremes give us $22.00 and $35.00 for target low and target high price respectively. As such, PTLO has been trading -74.3% off suggested target high and -9.56% from its likely low.
Portillo’s Inc. (PTLO) estimates and forecasts
Looking at statistics comparing Portillo’s Inc. share performance against respective industry, we note that the company has outperformed competitors. Portillo’s Inc. (PTLO) shares are -16.23% down over the last 6 months, with its year-to-date growth rate higher than industry average at 32.00% against 15.80%. The rating firms project that company’s revenue will grow 10.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is $155.51 million. Meanwhile, for the quarter ending Mar 2023, a total of 9 analyst(s) estimate revenue growth to $148.28 million.Earnings reports from the last fiscal year show that sales brought in $138.91 million and $134.48 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 12.00% before jumping 10.30% in the following quarter.
Portillo’s Inc. has its next earnings report out on March 02. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Portillo’s Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Portillo’s Inc. (NASDAQ:PTLO)’s Major holders
Portillo’s Inc. insiders hold 7.59% of total outstanding shares, with institutional holders owning 63.52% of the shares at 68.74% float percentage. In total, 63.52% institutions holds shares in the company, led by Berkshire Partners LLC. As of Sep 29, 2022, the company held over 10.25 million shares (or 24.16% of shares), all amounting to roughly $201.73 million.
The next major institution holding the largest number of shares is Orbis Allan Gray Ltd with 3.04 million shares, or about 7.17% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $59.83 million.
We also have Janus Henderson Small Cap Value Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Portillo’s Inc. (PTLO) shares. Going by data provided on Dec 30, 2022, Janus Henderson Small Cap Value Fund holds roughly 1.36 million shares. This is just over 3.20% of the total shares, with a market valuation of $22.16 million. Data from the same date shows that the other fund manager holds a little less at 0.87 million, or 2.06% of the shares, all valued at about 17.22 million.