In the last trading session, 1.18 million shares of the Portillos Inc (NASDAQ:PTLO) were traded, and its beta was 1.82. Most recently the company’s share price was $15.15, and it changed around $0.65 or 4.48% from the last close, which brings the market valuation of the company to $1.12B. PTLO currently trades at a discount to its 52-week high of $16.17, offering almost -6.73% off that amount. The share price’s 52-week low was $8.38, which indicates that the current value has risen by an impressive 44.69% since then. We note from Portillos Inc’s average daily trading volume that its 10-day average is 1.81 million shares, with the 3-month average coming to 1.60 million.
Portillos Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.64. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended PTLO as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Portillos Inc is expected to report earnings per share of 0.06 for the current quarter.
Portillos Inc (NASDAQ:PTLO) trade information
Instantly PTLO has showed a green trend with a performance of 4.48% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 15.30 on recent trading dayincreased the stock’s daily price by 0.98%. The company’s shares are currently up 61.17% year-to-date, but still up 10.34% over the last five days. On the other hand, Portillos Inc (NASDAQ:PTLO) is 64.67% up in the 30-day period. We can see from the shorts that 7.81 million shares have been sold at a short interest cover period of 4.1 day(s).
The consensus price target as assigned by Wall Street analysts is $13, which translates to bulls needing to decrease their stock price by -16.54% from its current value. Analyst projections state that PTLO is forecast to be at a low of $13 and a high of $20.
Portillos Inc (PTLO) estimates and forecasts
The year-over-year growth rate is expected to be 4.73%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 185.87M in revenue for the current quarter. 7 analysts expect Portillos Inc to make 182.1M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 187.86M and 165.83M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.06%. Forecasts for the next quarter put sales growth at 9.81%.
Portillos Inc earnings are expected to increase by 3.35% in 2025, but the outlook is positive 14.64% per year for the next five years.
PTLO Dividends
Portillos Inc’s next quarterly earnings report is expected to be released in March.
Portillos Inc (NASDAQ:PTLO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.20% of Portillos Inc shares, and 89.02% of them are in the hands of institutional investors. The stock currently has a share float of 95.93%. Portillos Inc stock is held by 244.0 institutions, with BERKSHIRE PARTNERS LLC being the largest institutional investor. By 2024-06-30, it held 10.3117% of the shares, which is about 5.92 million shares worth $57.57 million.
ORBIS ALLAN GRAY LTD, with 9.4895% or 5.45 million shares worth $52.98 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
