Cooper Investors PTY Ltd. Boosts Stock Position 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. grew its stake in Portillo's Inc. (NASDAQ:PTLO - Free Report) by 34.2% in the second quarter, according to its most recent disclosure 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 period. Cooper Investors PTY Ltd. owned approximately 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 large investors have also made changes to their positions in PTLO. Northern Trust Corp grew its position in shares of Portillo's by 6.9% in the fourth quarter. Northern Trust Corp now owns 502,461 shares of the company's stock valued at $4,723,000 after purchasing an additional 32,623 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Portillo's in the fourth quarter valued at approximately $62,000. Bank of America Corp DE grew its position in shares of Portillo's by 58.0% in the fourth quarter. Bank of America Corp DE now owns 154,872 shares of the company's stock valued at $1,456,000 after purchasing an additional 56,867 shares in the last quarter. Deutsche Bank AG grew its position in shares of Portillo's by 13.7% in the fourth quarter. Deutsche Bank AG now owns 131,826 shares of the company's stock valued at $1,239,000 after purchasing an additional 15,904 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Portillo's by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,742 shares of the company's stock valued at $289,000 after purchasing an additional 1,185 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PTLO. Stephens set a $10.00 price objective on shares of Portillo's in a research report on Wednesday, September 10th. Guggenheim cut their price objective on shares of Portillo's from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Tuesday, July 8th. Morgan Stanley cut their price objective on shares of Portillo's from $12.00 to $10.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. William Blair reiterated an "outperform" rating on shares of Portillo's in a report on Friday, May 30th. Finally, UBS Group decreased their price objective on Portillo's from $9.00 to $7.50 and set a "neutral" rating on the stock in a report on Monday, September 15th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $12.19.

Portillo's Trading Down 0.2%

NASDAQ:PTLO traded down $0.01 during trading hours on Friday, reaching $6.34. 4,244,113 shares of the stock were exchanged, 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. The business has a 50-day moving average of $8.15 and a two-hundred day moving average of $10.53. Portillo's Inc. has a twelve month low of $6.00 and a twelve month high of $15.78. The company has a market capitalization of $477.72 million, a price-to-earnings ratio of 14.09, a PEG ratio of 4.85 and a beta of 1.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. The company had revenue of $188.46 million for 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 firm's revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. Portillo's has set its FY 2025 guidance at EPS. On average, equities analysts predict that Portillo's Inc. will post 0.35 EPS for the current year.

Insider Buying and Selling

In related news, CEO Michael Osanloo acquired 11,320 shares of Portillo's stock in a transaction dated Friday, August 8th. The shares were acquired at an average cost of $7.42 per share, for a total transaction of $83,994.40. Following the completion of the purchase, the chief executive officer owned 63,317 shares in the company, valued at approximately $469,812.14. The trade was a 21.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Kelly M. Kaiser acquired 27,000 shares of Portillo's stock in a transaction dated Thursday, August 7th. The stock was bought at an average price 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 of the company's stock, valued at approximately $526,041.60. This represents a 65.07% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 210,570 shares of company stock valued at $1,614,474 in the last three months. 6.14% of the stock is currently owned by insiders.

Portillo's Company 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.