Portillo’s Target of Unusually High Options Trading (NASDAQ:PTLO)

Portillo’s Inc. (NASDAQ:PTLOGet Free Report) was the target of some unusual options trading activity on Monday. Stock investors purchased 3,247 call options on the company. This represents an increase of approximately 100% compared to the average volume of 1,626 call options.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. UBS Group cut their target price on Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley cut their price objective on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Stephens reaffirmed an “equal weight” rating and set a $13.00 target price on shares of Portillo’s in a report on Wednesday, November 6th. Finally, Stifel Nicolaus upgraded 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 report on Monday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Portillo’s has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Get Our Latest Stock Report on Portillo’s

Institutional Investors Weigh In On Portillo’s

Several hedge funds have recently modified their holdings of PTLO. Point72 DIFC Ltd purchased a new position in shares of Portillo’s in the 2nd quarter valued at about $29,000. NBC Securities Inc. increased its position in shares of Portillo’s by 43.5% in the third quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock valued at $44,000 after buying an additional 1,000 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of Portillo’s during the 4th quarter worth approximately $47,000. nVerses Capital LLC acquired a new position in shares of Portillo’s during the 3rd quarter worth approximately $69,000. Finally, Sonora Investment Management Group LLC purchased a new position in shares of Portillo’s during the 4th quarter valued at approximately $98,000. 98.34% of the stock is owned by hedge funds and other institutional investors.

Portillo’s Stock Up 8.1 %

Shares of PTLO stock opened at $14.48 on Wednesday. Portillo’s has a twelve month low of $8.38 and a twelve month high of $16.17. The stock has a market cap of $1.07 billion, a P/E ratio of 34.48, a P/E/G ratio of 12.23 and a beta of 1.72. The stock has a 50 day moving average of $10.44 and a 200 day moving average of $11.38. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58.

Portillo’s (NASDAQ:PTLOGet Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The firm had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. During the same period in the previous year, the firm earned $0.07 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that Portillo’s will post 0.34 EPS for the current year.

About Portillo’s

(Get Free Report)

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.

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