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Portillo’s Inc. (PTLO) Strikes $19.00: The Risk Seems Worthwhile At This Price

Portillo’s Inc. (NASDAQ:PTLO) price on Friday, May 27, rose 3.60% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $19.00.

A look at the stock’s price movement, the close in the last trading session was $18.34, moving within a range at $18.50 and $19.85. The PE ratio in trailing twelve months stood at 322.03. Turning to its 52-week performance, $57.73 and $16.68 were the 52-week high and 52-week low respectively. Overall, PTLO moved -11.55% over the past month.

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Portillo’s Inc.’s market cap currently stands at around $1.39 billion, with investors looking forward to this quarter’s earnings report slated for Nov 18, 2021. Analysts project the company’s earnings per share (EPS) to be $0.07, which has seen fiscal year 2022 EPS growth forecast to increase to $0.15 and about $0.36 for fiscal year 2023. Per the data, EPS growth is expected to be 135.70% for 2022 and 140.00% for the next financial year.

Analysts have a consensus estimate of $151.9 million for the company’s revenue for the quarter, with a low and high estimate of $148.1 million and $156 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $595.76 million, representing a 11.40% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 3 upward and no downward review(s).

9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 5 recommend PTLO as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

PTLO’s current price about 0.43% and -12.13% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.25, while 7-day volatility ratio is 6.37% and 7.96% in the 30-day chart. Further, Portillo’s Inc. (PTLO) has a beta value of 0, and an average true range (ATR) of 1.43. Analysts have given the company’s stock an average 52-week price target of $30.25, forecast between a low of $23.00 and high of $44.00. Looking at the price targets, the low is -21.05% off current price level while to achieve the yearly target high, price needs to move -131.58%. Nonetheless, investors will most likely welcome a -36.84% jump to $26.00 which is the analysts’ median price.

In the market, a comparison of Portillo’s Inc. (PTLO) and its peers suggest the former has performed considerably stronger. Comparatively, McDonald’s Corporation (MCD) has moved 1.52% on the day and only 7.69% in the past 12 months. Looking at another peer, we see that Starbucks Corporation (SBUX) price has gained 2.98% on the day. However, the stock is -32.64% off its price a year ago. Moreover, Chipotle Mexican Grill Inc. (CMG) is also up 4.59% in trading on the day while keeping a an uptrend of 2.22% over the past year. If we look at the PE ratio, we find that Portillo’s Inc.’s ratio stands at 322.03 compared to McDonald’s Corporation’s 26.61 and Starbucks Corporation’s 20.53. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 2.47% and 1.76% respectively in the last trading.

If we refocus on Portillo’s Inc. (NASDAQ:PTLO), historical trading data shows that trading volumes averaged 639.84K over the past 3 months. The company’s latest data on shares outstanding shows there are 35.81 million shares.

The 0.10% of Portillo’s Inc.’s shares are in the hands of company insiders while institutional holders own 78.70% of the company’s shares. Current price change has pushed the stock -49.39% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PTLO stock continues to rise going into the next quarter.

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