Portillos Inc (NASDAQ:PTLO) price on current trading day, rose 0.10% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.09.
A look at the stock’s price movement, the level at last check in today’s session was $12.08, moving within a range at $11.93 and $12.35. The beta value (5-Year monthly) was 1.787 while the PE ratio in trailing twelve months stood at 28.82. Turning to its 52-week performance, $16.92 and $8.66 were the 52-week high and 52-week low respectively. Overall, PTLO moved -4.41% over the past month.
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Portillos Inc’s market cap currently stands at around $897.48 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-05.
Analysts have a consensus estimate of 184.73M for the company’s revenue for the quarter, with a low and high estimate of 175.97M and 192.3M respectively. The average forecast suggests down to a -1.66% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 711.18M, representing a 4.60% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PTLO is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
6 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 1 analyst(s) rate the stock as a Hold, 5 recommend PTLO as a Buy and 0 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 Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PTLO’s current price about -5.59% and -5.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.99, while 7-day volatility ratio is 4.32% and 3.91% in the 30-day chart. Further, Portillos Inc (PTLO) has a beta value of 1.73, and an average true range (ATR) of 0.53. Analysts have given the company’s stock an average 52-week price target of $13, forecast between a low of $13 and high of $20. Looking at the price targets, the low is -7.53% off recent price level in today’s trading while to achieve the yearly target high, it has to move -65.43%. Nonetheless, investors will most likely welcome a -7.53% jump to $13 which is the analysts’ median price.
If we refocus on Portillos Inc (NASDAQ:PTLO), historical trading data shows that trading volumes averaged 1.4 over the past 10 days and 963.48K over the past 3 months. The company’s latest data on shares outstanding shows there are 62.65 million shares.
The 10.93% of Portillos Inc’s shares are in the hands of company insiders while institutional holders own 79.41% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.22 million on 2024-10-31, giving us a short ratio of 11.06. The data shows that as of 2024-10-31 short interest in Portillos Inc (PTLO) stood at 1506.0 of shares outstanding, with shares short falling to 8.43 million registered in 2024-09-30. Current price change has pushed the stock -24.09% 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.
