Portillos Inc (NASDAQ: PTLO)’s stock price has plunge by -0.02relation to previous closing price of 12.47. Nevertheless, the company has seen a 0.14% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-14 that I recommend buying Portillo’s stock due to its potential for a turnaround, driven by strategic expansion and improved margins despite recent poor performance. Portillo’s plans to build out smaller store footprints to enhance profitability, and expand its store count by 10%+ annually. Despite a slowdown in same-store sales, Portillo’s maintains strong operating metrics with high average unit volumes and competitive restaurant-level margins.
Is It Worth Investing in Portillos Inc (NASDAQ: PTLO) Right Now?
Portillos Inc (NASDAQ: PTLO) has a price-to-earnings ratio of 32.58x that is above its average ratio. Additionally, the 36-month beta value for PTLO is 1.79. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 7 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PTLO is 55.00M and currently, short sellers hold a 15.33% ratio of that float. The average trading volume of PTLO on October 24, 2024 was 1.01M shares.
PTLO’s Market Performance
PTLO’s stock has seen a 0.14% increase for the week, with a -3.80% drop in the past month and a 28.39% gain in the past quarter. The volatility ratio for the week is 3.03%, and the volatility levels for the past 30 days are at 3.32% for Portillos Inc The simple moving average for the past 20 days is -1.28% for PTLO’s stock, with a 3.97% simple moving average for the past 200 days.
Analysts’ Opinion of PTLO
Many brokerage firms have already submitted their reports for PTLO stocks, with Stephens repeating the rating for PTLO by listing it as a “Equal-Weight.” The predicted price for PTLO in the upcoming period, according to Stephens is $13 based on the research report published on October 07, 2024 of the current year 2024.
Stephens, on the other hand, stated in their research note that they expect to see PTLO reach a price target of $20. The rating they have provided for PTLO stocks is “Overweight” according to the report published on April 12th, 2024.
Stephens gave a rating of “Overweight” to PTLO, setting the target price at $20 in the report published on November 10th of the previous year.
PTLO Trading at -0.54% from the 50-Day Moving Average
After a stumble in the market that brought PTLO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.56% of loss for the given period.
Volatility was left at 3.32%, however, over the last 30 days, the volatility rate increased by 3.03%, as shares sank -5.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.46% upper at present.
During the last 5 trading sessions, PTLO fell by -0.12%, which changed the moving average for the period of 200-days by -17.76% in comparison to the 20-day moving average, which settled at $12.63. In addition, Portillos Inc saw -21.74% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PTLO starting from Scarpino Nicholas Anthony, who sale 96,722 shares at the price of $11.75 back on Aug 15 ’24. After this action, Scarpino Nicholas Anthony now owns 28,450 shares of Portillos Inc, valued at $1,136,099 using the latest closing price.
Scarpino Nicholas Anthony, the Officer of Portillos Inc, proposed sale 96,722 shares at $11.74 during a trade that took place back on Aug 15 ’24, which means that Scarpino Nicholas Anthony is holding shares at $1,135,931 based on the most recent closing price.
Stock Fundamentals for PTLO
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.21 for the gross margin
The net margin for Portillos Inc stands at 0.03. The total capital return value is set at 0.05. Equity return is now at value 6.88, with 1.67 for asset returns.
Based on Portillos Inc (PTLO), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 2.36.
Currently, EBITDA for the company is 86.34 million with net debt to EBITDA at 6.28. When we switch over and look at the enterprise to sales, we see a ratio of 1.91. The receivables turnover for the company is 45.83for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.38.
Conclusion
In conclusion, Portillos Inc (PTLO) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
