Cooper Investors PTY Ltd. Grows Holdings in Portillo's Inc. $PTLO

Key Points

• Cooper Investors PTY Ltd. increased its stake in Portillo's Inc. by 34.2%, owning approximately $3.64 million worth of the company's shares after purchasing an additional 79,383 shares.
• Both General Counsel Kelly M. Kaiser and Director Eugene I. Lee, Jr. made significant stock purchases on August 7th, acquiring a total of 157,250 shares worth over $1.2 million.
• Portillo's reported $0.12 EPS for the quarter, matching analysts' estimates, but its revenue fell short of expectations at $188.46 million compared to the anticipated $197.04 million.

Cooper Investors PTY Ltd. boosted its stake in Portillo's Inc. (NASDAQ:PTLO - Free Report) by 34.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,566 shares of the company's stock after purchasing an additional 79,383 shares during the quarter. Cooper Investors PTY Ltd. owned about 0.42% of Portillo's worth $3,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of Portillo's by 58.3% in the 1st quarter. CWM LLC now owns 3,194 shares of the company's stock worth $38,000 after purchasing an additional 1,176 shares in the last quarter. North Star Investment Management Corp. boosted its stake in shares of Portillo's by 137.6% in the 1st quarter. North Star Investment Management Corp. now owns 3,517 shares of the company's stock valued at $42,000 after purchasing an additional 2,037 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Portillo's in the 4th quarter worth $62,000. GAMMA Investing LLC grew its stake in shares of Portillo's by 40,394.4% during the first quarter. GAMMA Investing LLC now owns 7,289 shares of the company's stock valued at $87,000 after buying an additional 7,271 shares during the last quarter. Finally, US Bancorp DE bought a new position in Portillo's during the 1st quarter worth approximately $95,000. Institutional investors own 98.34% of the company's stock.

Insider Transactions at Portillo's

In other news, Director Eugene I. Lee, Jr. bought 130,250 shares of the stock in a transaction on Thursday, August 7th. The shares were bought at an average price of $7.68 per share, with a total value of $1,000,320.00. Following the completion of the acquisition, the director owned 130,250 shares in the company, valued at $1,000,320. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Kelly M. Kaiser purchased 27,000 shares of the business's stock in a transaction on Thursday, August 7th. The shares were purchased at an average price of $7.68 per share, with a total value of $207,360.00. Following the completion of the purchase, the general counsel owned 68,495 shares in the company, valued at approximately $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. Insiders have purchased a total of 210,570 shares of company stock worth $1,614,474 in the last three months. 6.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PTLO shares. Bank of America lowered their price target on shares of Portillo's from $19.00 to $16.00 and set a "buy" rating for the company in a report on Friday, July 18th. UBS Group lowered their price target on Portillo's from $9.00 to $7.50 and set a "neutral" rating for the company in a research report on Monday, September 15th. Stephens set a $10.00 price objective on Portillo's in a research report on Wednesday, September 10th. Robert W. Baird decreased their target price on Portillo's from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Thursday, September 11th. Finally, Morgan Stanley cut their price target on shares of Portillo's from $12.00 to $10.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $12.19.

Portillo's Stock Down 0.2%

Shares of Portillo's stock traded down $0.01 on Friday, reaching $6.34. The company's stock had a trading volume of 4,244,113 shares, compared to its average volume of 3,419,807. The company has a quick ratio of 0.23, a current ratio of 0.29 and a debt-to-equity ratio of 0.49. Portillo's Inc. has a 52 week low of $6.00 and a 52 week high of $15.78. The company has a market capitalization of $477.72 million, a price-to-earnings ratio of 14.09, a P/E/G ratio of 4.85 and a beta of 1.78. The firm's fifty day simple moving average is $8.15 and its two-hundred day simple moving average is $10.53.

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

Portillo's 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.