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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Portillo's Shows Rising Relative Price Performance; Still Shy Of Key Benchmark

Portillo's had its Relative Strength (RS) Rating upgraded from 70 to 73 Monday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.

How To Invest In Stocks In Both Bull And Bear Markets

IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.

Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 as they begin their largest runs. See if Portillo's can continue to show renewed price strength and clear that threshold.

Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a base and break out.

Earnings growth declined last quarter from 31% to -38%. But revenue moved higher, from -2% to 6%. Look for the next report on or around Jul. 31.

The company holds the No. 31 rank among its peers in the Retail-Restaurants industry group. Brinker International, Dutch Bros and Shake Shack Cl A are among the top 5 highly rated stocks within the group.

This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.

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