American Century Companies Inc. Purchases Shares of 60,372 Portillo's Inc. $PTLO

Key Points

• American Century Companies Inc. acquired a new stake in Portillo's Inc., purchasing 60,372 shares for approximately $718,000, representing a 0.08% ownership of the company.
• Portillo's last quarter earnings met analyst expectations with $0.12 earnings per share, but revenue of $188.46 million fell short of estimates.
• Multiple analysts have downgraded their price targets for Portillo's, increasing the consensus rating to a "Moderate Buy" with a target price of $12.50.

American Century Companies Inc. bought a new position in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 60,372 shares of the company's stock, valued at approximately $718,000. American Century Companies Inc. owned approximately 0.08% of Portillo's as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL increased its stake in Portillo's by 32.2% during the 1st 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 in the last quarter. Emerald Advisers LLC lifted its position in shares of Portillo's by 0.3% in the first quarter. Emerald Advisers LLC now owns 1,245,854 shares of the company's stock valued at $14,813,000 after acquiring an additional 3,118 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 acquiring an additional 641,273 shares during the last quarter. Northern Trust Corp increased its position in shares of Portillo's by 6.9% during the fourth quarter. Northern Trust Corp now owns 502,461 shares of the company's stock worth $4,723,000 after purchasing an additional 32,623 shares in the last quarter. Finally, Woodline Partners LP raised its stake in Portillo's by 109.9% in the 4th quarter. Woodline Partners LP now owns 379,672 shares of the company's stock valued at $3,569,000 after purchasing an additional 198,830 shares during the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Portillo's

In other Portillo's news, Director Eugene I. Lee, Jr. acquired 130,250 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average price of $7.68 per share, for a total transaction of $1,000,320.00. Following the completion of the acquisition, the director owned 130,250 shares of the company's stock, valued at approximately $1,000,320. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Kelly M. Kaiser bought 27,000 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average cost of $7.68 per share, for a total transaction of $207,360.00. Following the completion of the purchase, the general counsel owned 68,495 shares in the company, valued at $526,041.60. This trade represents a 65.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 210,570 shares of company stock valued at $1,614,474. Insiders own 6.14% of the company's stock.

Portillo's Trading Down 5.7%

Shares of Portillo's stock traded down $0.37 on Wednesday, reaching $6.15. The company had a trading volume of 6,433,234 shares, compared to its average volume of 3,218,016. The firm's 50 day moving average price is $8.94 and its two-hundred day moving average price is $10.93. 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 $6.00 and a 52-week high of $15.78. The firm has a market cap of $463.40 million, a PE ratio of 13.67, a PEG ratio of 4.50 and a beta of 1.78.

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

Analysts Set New Price Targets

Several brokerages have issued reports on PTLO. Morgan Stanley lowered their target price on shares of Portillo's from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Bank of America dropped their price objective on shares of Portillo's from $19.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, July 18th. Robert W. Baird set a $8.00 target price on shares of Portillo's in a research note on Tuesday, August 5th. Wall Street Zen downgraded Portillo's from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Guggenheim lowered their price target on shares of Portillo's from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Portillo's presently has an average rating of "Moderate Buy" and an average price target of $12.50.

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.