Portillo's Inc. (NASDAQ:PTLO) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its position in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 502,461 shares of the company's stock after buying an additional 32,623 shares during the period. Northern Trust Corp owned about 0.68% of Portillo's worth $4,723,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Portillo's by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 5,571,434 shares of the company's stock valued at $52,371,000 after acquiring an additional 97,801 shares during the period. Zuckerman Investment Group LLC increased its stake in shares of Portillo's by 6.9% in the 4th quarter. Zuckerman Investment Group LLC now owns 1,944,983 shares of the company's stock worth $18,283,000 after acquiring an additional 125,073 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Portillo's by 8.2% in the 4th quarter. Marshall Wace LLP now owns 1,751,856 shares of the company's stock worth $16,467,000 after acquiring an additional 132,112 shares during the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Portillo's by 80.5% during the 4th quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company's stock worth $15,537,000 after purchasing an additional 737,049 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Portillo's by 0.8% during the 4th quarter. Franklin Resources Inc. now owns 1,301,712 shares of the company's stock worth $12,236,000 after purchasing an additional 9,866 shares during the period. Hedge funds and other institutional investors own 98.34% of the company's stock.

Portillo's Stock Up 2.7%

Shares of PTLO traded up $0.31 during midday trading on Tuesday, hitting $11.74. The company had a trading volume of 1,448,397 shares, compared to its average volume of 1,432,046. The company's 50-day simple moving average is $11.55 and its 200-day simple moving average is $11.80. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The firm has a market capitalization of $875.84 million, a P/E ratio of 27.95, a P/E/G ratio of 14.77 and a beta of 1.83. Portillo's Inc. has a 1 year low of $8.38 and a 1 year high of $15.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $176.44 million during the quarter, compared to analysts' expectations of $180.76 million. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. As a group, sell-side analysts expect that Portillo's Inc. will post 0.35 EPS for the current year.

Insider Transactions at Portillo's

In other Portillo's news, Director Berkshire Partners Llc sold 10,000,000 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $12.23, for a total transaction of $122,300,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Robert W. Baird reiterated a "neutral" rating and set a $12.00 price target (down from $15.00) on shares of Portillo's in a report on Monday, April 7th. UBS Group lowered their price target on Portillo's from $15.00 to $12.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Piper Sandler lowered their target price on Portillo's from $17.00 to $13.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Morgan Stanley set a $12.00 target price on Portillo's in a report on Monday, April 14th. Finally, Stifel Nicolaus raised their target price on Portillo's from $16.00 to $17.00 and gave the company a "buy" rating in a report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $13.71.

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.