Ameriprise Financial Inc. Has $40.59 Million Holdings in Portillo's Inc. $PTLO

Key Points

• Ameriprise Financial Inc. increased its stake in Portillo's Inc. by 53.6%, holding approximately 3.41 million shares valued at $40.59 million, representing about 4.58% of the company.
• Insider trades indicate that both Director Eugene I. Lee, Jr. and CEO Michael Osanloo purchased significant shares of Portillo's, with Lee acquiring 130,250 shares and Osanloo acquiring 11,320 shares.
• Portillo's last reported earnings showed an EPS of $0.12, meeting expectations, but revenues for the quarter fell short of analyst projections at $188.46 million.

Ameriprise Financial Inc. lifted its holdings in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) by 53.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,413,669 shares of the company's stock after acquiring an additional 1,191,443 shares during the period. Ameriprise Financial Inc. owned approximately 4.58% of Portillo's worth $40,590,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new position in shares of Portillo's during the 1st quarter worth about $1,445,000. Brevan Howard Capital Management LP bought a new position in shares of Portillo's during the 4th quarter worth about $241,000. Blair William & Co. IL lifted its holdings in shares of 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 acquiring an additional 392,964 shares during the period. Two Sigma Investments LP bought a new position in shares of Portillo's during the 4th quarter worth about $1,827,000. Finally, Northern Trust Corp lifted its holdings in shares of Portillo's by 6.9% during the 4th quarter. Northern Trust Corp now owns 502,461 shares of the company's stock worth $4,723,000 after acquiring an additional 32,623 shares during the period. 98.34% of the stock is owned by institutional investors.

Portillo's Price Performance

Shares of Portillo's stock traded down $0.01 during mid-day trading on Monday, reaching $7.08. 2,080,028 shares of the stock were exchanged, compared to its average volume of 4,265,451. The company has a market cap of $533.48 million, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 4.89 and a beta of 1.79. The company has a current ratio of 0.29, a quick ratio of 0.23 and a debt-to-equity ratio of 0.49. The firm has a 50-day simple moving average of $9.73 and a 200 day simple moving average of $11.32. Portillo's Inc. has a fifty-two week low of $6.88 and a fifty-two week high of $15.78.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on PTLO. Wall Street Zen downgraded shares of Portillo's from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Guggenheim reduced their price objective on shares of Portillo's from $18.00 to $17.00 and set a "buy" rating for the company in a report on Tuesday, July 8th. UBS Group reduced their price objective on shares of Portillo's from $12.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Stephens dropped their target price on shares of Portillo's from $13.00 to $10.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Finally, William Blair reiterated an "outperform" rating on shares of Portillo's in a research report on Friday, May 30th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Portillo's has a consensus rating of "Moderate Buy" and a consensus target price of $12.50.

Insider Activity at Portillo's

In related news, CEO Michael Osanloo acquired 11,320 shares of the stock in a transaction on Friday, August 8th. The stock was purchased at an average price of $7.42 per share, for a total transaction of $83,994.40. Following the transaction, the chief executive officer owned 63,317 shares of the company's stock, valued at $469,812.14. The trade was a 21.77% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Kelly M. Kaiser acquired 27,000 shares of the stock in a transaction on Thursday, August 7th. The stock was bought at an average price of $7.68 per share, with a total value of $207,360.00. Following the transaction, the general counsel directly 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 90 days, insiders have bought 210,570 shares of company stock worth $1,614,474. 6.14% of the stock is owned by insiders.

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.