On Wednesday, Portillo's earned an upgrade to its Relative Strength (RS) Rating, from 78 to 84.
This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history shows that the best-performing stocks often have an 80 or better RS Rating as they launch their biggest runs.
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Portillo's is still inside a buy range after climbing above a 14.43 entry in a cup without handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buy zone.
Portillo's posted 57% EPS growth last quarter. Revenue increased 7%. Keep an eye out for the company's next round of numbers on or around Feb. 26.
The company holds the No. 13 rank among its peers in the Retail-Restaurants industry group. CAVA Group, Dutch Bros and Brinker International are among the top 5 highly rated stocks within the group.
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