Portillo's Inc. (NASDAQ:PTLO) Director Eugene I. Lee, Jr. Purchases 130,250 Shares

Key Points

• Director Eugene I. Lee, Jr. purchased 130,250 shares of Portillo's Inc. stock at an average price of $7.68 per share, amounting to a total transaction of $1,000,320.
• Portillo's stock has recently seen a decline of 3.9%, closing at $7.42, with a market cap of $555.13 million and a PE ratio of 16.49.
• Recent analyst ratings reflect a mixed outlook, with price targets adjusted downwards; Guggenheim set a new target of $17.00 while Robert W. Baird has a target of $8.00.

Portillo's Inc. (NASDAQ:PTLO - Get Free Report) Director Eugene I. Lee, Jr. acquired 130,250 shares of the business's stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $7.68 per share, with a total value of $1,000,320.00. Following the transaction, the director owned 130,250 shares in the company, valued at approximately $1,000,320. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Portillo's Stock Performance

Shares of NASDAQ PTLO traded down $0.13 during trading hours on Wednesday, reaching $7.80. 978,935 shares of the stock were exchanged, compared to its average volume of 2,089,022. The firm has a market capitalization of $583.30 million, a price-to-earnings ratio of 17.28, a P/E/G ratio of 5.42 and a beta of 1.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.23 and a current ratio of 0.29. Portillo's Inc. has a 52 week low of $7.20 and a 52 week high of $15.78. The stock's fifty day simple moving average is $10.85 and its 200 day simple moving average is $11.99.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. Portillo's had a return on equity of 6.25% and a net margin of 4.19%. The firm had revenue of $188.46 million for the quarter, compared to analyst estimates of $197.04 million. During the same quarter last year, the company earned $0.10 EPS. The company's revenue was up 3.6% on a year-over-year basis. Sell-side analysts predict that Portillo's Inc. will post 0.35 EPS for the current year.

Analysts Set New Price Targets

PTLO has been the subject of a number of recent analyst reports. Robert W. Baird set a $8.00 price objective on Portillo's in a report on Tuesday, August 5th. Piper Sandler decreased their target price on Portillo's from $17.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Wall Street Zen cut Portillo's from a "hold" rating to a "sell" rating in a research report on Saturday. UBS Group reduced their price objective on Portillo's from $12.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Finally, Bank of America reduced their price objective on Portillo's from $19.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, July 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $12.50.

Hedge Funds Weigh In On Portillo's

A number of hedge funds have recently added to or reduced their stakes in PTLO. Russell Investments Group Ltd. boosted its holdings in shares of Portillo's by 44.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 55,225 shares of the company's stock valued at $644,000 after acquiring an additional 16,987 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Portillo's during the 2nd quarter valued at $536,000. Jefferies Financial Group Inc. acquired a new stake in shares of Portillo's during the 2nd quarter valued at $4,668,000. American Century Companies Inc. lifted its holdings in Portillo's by 53.4% during the 2nd quarter. American Century Companies Inc. now owns 92,581 shares of the company's stock worth $1,080,000 after buying an additional 32,209 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Portillo's by 8.9% during the 2nd quarter. Rhumbline Advisers now owns 89,948 shares of the company's stock worth $1,050,000 after buying an additional 7,343 shares during the period. Institutional investors own 98.34% of the company's stock.

About Portillo's

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.