Alliancebernstein L.P. Has $58.83 Million Holdings in Portillo's Inc. $PTLO

Alliancebernstein L.P. raised its holdings in Portillo's Inc. (NASDAQ:PTLO - Free Report) by 10,963.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,947,461 shares of the company's stock after acquiring an additional 4,902,741 shares during the quarter. Alliancebernstein L.P. owned about 6.63% of Portillo's worth $58,825,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in shares of Portillo's by 53.6% in the 1st quarter. Ameriprise Financial Inc. now owns 3,413,669 shares of the company's stock valued at $40,590,000 after purchasing an additional 1,191,443 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Portillo's by 139.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,102,103 shares of the company's stock worth $10,360,000 after buying an additional 641,273 shares during the last quarter. Blair William & Co. IL lifted its position in shares of Portillo's by 32.2% in the first quarter. Blair William & Co. IL now owns 1,613,012 shares of the company's stock worth $19,179,000 after buying an additional 392,964 shares during the last quarter. Soros Capital Management LLC lifted its position in shares of Portillo's by 486.8% in the first quarter. Soros Capital Management LLC now owns 431,012 shares of the company's stock worth $5,125,000 after buying an additional 357,561 shares during the last quarter. Finally, Orbis Allan Gray Ltd lifted its position in shares of Portillo's by 4.1% in the first quarter. Orbis Allan Gray Ltd now owns 5,973,638 shares of the company's stock worth $71,027,000 after buying an additional 234,475 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Portillo's

In other Portillo's news, CFO Michelle Greig Hook acquired 40,000 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was bought at an average price of $7.67 per share, for a total transaction of $306,800.00. Following the purchase, the chief financial officer owned 173,405 shares in the company, valued at $1,330,016.35. This represents a 29.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Kelly M. Kaiser acquired 27,000 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was acquired at an average price of $7.68 per share, with a total value of $207,360.00. Following the purchase, the general counsel owned 68,495 shares in the company, valued at approximately $526,041.60. This represents a 65.07% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 210,570 shares of company stock valued at $1,614,474. Company insiders own 6.14% of the company's stock.

Portillo's Stock Performance

Shares of PTLO traded down $0.08 during trading hours on Friday, reaching $6.07. 1,856,499 shares of the company traded hands, compared to its average volume of 2,274,458. The stock's fifty day moving average is $8.82 and its 200 day moving average is $10.88. The stock has a market cap of $457.00 million, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 4.55 and a beta of 1.78. 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 1-year low of $6.00 and a 1-year high of $15.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $188.46 million during the quarter, compared to analysts' expectations of $197.04 million. Portillo's had a return on equity of 6.25% and a net margin of 4.19%.The company's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS. Portillo's has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Portillo's Inc. will post 0.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PTLO has been the subject of several analyst reports. Morgan Stanley reduced their target price on Portillo's from $12.00 to $10.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Wall Street Zen lowered shares of Portillo's from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. William Blair reissued an "outperform" rating on shares of Portillo's in a research report on Friday, May 30th. Robert W. Baird cut their target price on shares of Portillo's from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, Stephens set a $10.00 price objective on Portillo's in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $12.38.

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.