Portillo’s Inc. (NASDAQ:PTLO) saw an upside of 1.21% to close Friday at $18.40 after adding $0.22 on the day. The 5-day average trading volume is 540,580 shares of the company’s common stock. It has gained $19.35 in the past week and touched a new high 2 times within the past 5 days. An average of 803,975 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 666,402.
PTLO’s 1-month performance is -21.64% or -$5.19 on its low of $17.93 reached on 08/18/23. The company’s shares have touched a 52-week low of $15.84 and high of $25.88, with the stock’s rally to the 52-week high happening on 02/16/23. YTD, PTLO has achieved 12.75% or $2.08 and has reached a new high 18 times. However, the current price is down -28.89% from the 52-week high price.
Insider Transactions
PTLO stock investors last saw insider trading activity on Mar 10.Cook George Richard III (Senior VP, Technology) most recently sold 18,662 shares at $18.95 per share on Mar 10. This transaction cost the insider $353,725. SVP Marketing & Off-Premises, Scarpino Nicholas Anthony, sold 21,500 shares at a price of $25.38 on Nov 11.
Valuation Metrics
PTLO stock has a beta of 2.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.10 while the price-to-book (PB) in the most recent quarter is 3.33.
Portillo’s Inc.’s quick ratio for the period ended June 29 was 0.40, with the current ratio over the same period at 0.50. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.95, while the total debt to equity was 1.01. In terms of profitability, the gross margin trailing 12 months is 65.60%. The firm’s gross profit as reported stood at $382.87 million against revenue of $587.1 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 24.74% to $6.79 million, while revenue of -$0.51 million was 107.51% off the previous quarter. Analysts expected PTLO to announce $0.13 per share in earnings in its latest quarter, but it posted $0.12, representing a -7.70% surprise. EBITDA for the quarter stood at more than $23.51 million. PTLO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 895.03 million, with total debt at $529.71 million. Shareholders hold equity totaling $55.1 million.
Let’s look briefly at Portillo’s Inc. (PTLO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 23.33% to suggest the stock is trending oversold, with historical volatility in this time period at 21.66%.
The stock’s 5-day moving average is $18.67, reflecting a -4.42% or -$0.85 change from its current price. PTLO is currently trading -21.70% above its 20-day SMA, -12.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -13.66% and SMA200 by-14.18%.
Stochastic %K and %D was 5.17% and 4.80% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 27.55%, while the 14-day stochastic is at 9.18% with the period’s ATR at 0.62. The stock’s 9-day MACD Oscillator is pointing at -0.46 and -1.12 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Portillo’s Inc. (NASDAQ: PTLO), Morgan Stanley reiterated its an Overweight rating for the company but lifted their price target by $27 to $28.
