103,926 Shares in Portillo's Inc. $PTLO Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC bought a new stake in Portillo's Inc. (NASDAQ:PTLO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 103,926 shares of the company's stock, valued at approximately $1,236,000. Cubist Systematic Strategies LLC owned 0.14% of Portillo's at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of PTLO. Orbis Allan Gray Ltd raised its stake in Portillo's by 4.1% in the first quarter. Orbis Allan Gray Ltd now owns 5,973,638 shares of the company's stock valued at $71,027,000 after buying an additional 234,475 shares during the period. Ameriprise Financial Inc. grew its position in Portillo's by 53.6% during the first quarter. Ameriprise Financial Inc. now owns 3,413,669 shares of the company's stock worth $40,590,000 after buying an additional 1,191,443 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Portillo's by 32.2% in the 1st quarter. Blair William & Co. IL now owns 1,613,012 shares of the company's stock valued at $19,179,000 after purchasing an additional 392,964 shares during the last quarter. Emerald Advisers LLC increased its stake in shares of Portillo's by 0.3% in the 1st quarter. Emerald Advisers LLC now owns 1,245,854 shares of the company's stock valued at $14,813,000 after purchasing an additional 3,118 shares during the last quarter. Finally, Northern Trust Corp boosted 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 valued at $4,723,000 after acquiring an additional 32,623 shares in the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Michael Osanloo bought 11,320 shares of the stock in a transaction on Friday, August 8th. The stock was bought 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 directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Kelly M. Kaiser acquired 27,000 shares of the stock in a transaction dated Thursday, August 7th. The shares were bought 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 directly owned 68,495 shares of the company's stock, valued at approximately $526,041.60. This trade represents a 65.07% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 210,570 shares of company stock valued at $1,614,474. Company insiders own 6.14% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on PTLO shares. William Blair reissued an "outperform" rating on shares of Portillo's in a research report on Friday, May 30th. UBS Group decreased their price objective on Portillo's from $12.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Stephens set a $10.00 target price on Portillo's in a report on Wednesday. Morgan Stanley dropped their price objective on 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. Finally, Guggenheim dropped their target price on 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 issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.38.

Portillo's Stock Down 0.2%

PTLO traded down $0.01 on Friday, hitting $6.13. The company had a trading volume of 4,421,161 shares, compared to its average volume of 3,372,930. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.29 and a quick ratio of 0.23. Portillo's Inc. has a 52-week low of $6.00 and a 52-week high of $15.78. The stock has a fifty day simple moving average of $8.70 and a 200-day simple moving average of $10.80. The firm has a market capitalization of $461.90 million, a P/E ratio of 13.62, a P/E/G ratio of 4.69 and a beta of 1.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.12 earnings per share for the quarter, hitting analysts' consensus estimates of $0.12. Portillo's had a net margin of 4.19% and a return on equity of 6.25%. The company had revenue of $188.46 million during the quarter, compared to analyst estimates of $197.04 million. During the same period in the previous year, the business 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. As a group, equities analysts expect that Portillo's Inc. will post 0.35 EPS for the current fiscal year.

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.