4WEALTH Advisors Inc. Takes $280,000 Position in Portillo's Inc. (NASDAQ:PTLO)

4WEALTH Advisors Inc. purchased a new position in Portillo's Inc. (NASDAQ:PTLO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,750 shares of the company's stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PTLO. Barclays PLC lifted its stake in Portillo's by 55.6% during the third quarter. Barclays PLC now owns 117,430 shares of the company's stock worth $1,581,000 after purchasing an additional 41,944 shares during the last quarter. Franklin Resources Inc. boosted its stake in Portillo's by 2.6% in the third quarter. Franklin Resources Inc. now owns 1,291,846 shares of the company's stock worth $15,838,000 after buying an additional 32,810 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Portillo's by 10.9% during the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company's stock worth $24,086,000 after acquiring an additional 175,999 shares in the last quarter. Ridgewood Investments LLC bought a new stake in shares of Portillo's in the 4th quarter worth approximately $47,000. Finally, Lakewood Asset Management LLC boosted its stake in shares of Portillo's by 2.2% in the 4th quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company's stock valued at $984,000 after purchasing an additional 2,251 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Morgan Stanley set a $12.00 price target on shares of Portillo's in a research report on Monday, April 14th. Robert W. Baird reissued a "neutral" rating and issued a $12.00 target price (down from $15.00) on shares of Portillo's in a research note on Monday, April 7th. Baird R W lowered Portillo's from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Stephens reiterated an "equal weight" rating and issued a $13.00 price objective on shares of Portillo's in a research report on Wednesday. Finally, UBS Group decreased their target price on Portillo's from $15.00 to $12.00 and set a "neutral" rating for the company in a report on Wednesday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Portillo's has a consensus rating of "Hold" and an average target price of $13.71.

Portillo's Stock Up 1.8 %

PTLO traded up $0.21 during midday trading on Thursday, reaching $11.51. The company's stock had a trading volume of 711,697 shares, compared to its average volume of 1,401,116. The stock's 50-day moving average is $11.89 and its 200-day moving average is $11.90. Portillo's Inc. has a 1 year low of $8.38 and a 1 year high of $15.78. The firm has a market capitalization of $858.61 million, a price-to-earnings ratio of 27.40, a PEG ratio of 14.77 and a beta of 1.83. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The business had revenue of $176.44 million during the quarter, compared to analysts' expectations of $180.76 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, research analysts expect that Portillo's Inc. will post 0.35 EPS for the current year.

Portillo's Company Profile

Portillo's Inc owns and operates fast casual restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, char-grilled burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and chocolate cake shake. It offers its products through its website, application, and certain third-party platforms.