Orbis Allan Gray Ltd Increases Position in Portillo's Inc. $PTLO

Key Points

• Orbis Allan Gray Ltd increased its stake in Portillo's by 4.1%, now owning 8.01% of the company, which is valued at around $71 million.
• Insider activity is notable as CFO Michelle Greig Hook and Director Eugene I. Lee, Jr. purchased a combined total of over 170,250 shares, indicating strong confidence in the company's future.
• Portillo's quarterly earnings reported a net margin of 4.19% and a revenue of $188.46 million, slightly below expectations, while analysts have set an average price target of $12.50.

Orbis Allan Gray Ltd lifted its stake in Portillo's Inc. (NASDAQ:PTLO - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,973,638 shares of the company's stock after buying an additional 234,475 shares during the period. Orbis Allan Gray Ltd owned approximately 8.01% of Portillo's worth $71,027,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PTLO. CWM LLC increased its holdings in Portillo's by 58.3% during the 1st quarter. CWM LLC now owns 3,194 shares of the company's stock valued at $38,000 after purchasing an additional 1,176 shares during the period. North Star Investment Management Corp. grew 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 worth $42,000 after buying an additional 2,037 shares during the last quarter. Comerica Bank grew its stake in shares of Portillo's by 172.6% in the 4th quarter. Comerica Bank now owns 5,395 shares of the company's stock worth $51,000 after buying an additional 3,416 shares during the last quarter. Fund 1 Investments LLC bought a new position in Portillo's in the 4th quarter valued at approximately $53,000. Finally, BNP Paribas Financial Markets bought a new position in Portillo's in the 4th quarter valued at approximately $62,000. Hedge funds and other institutional investors own 98.34% of the company's stock.

Portillo's Trading Down 0.1%

Shares of Portillo's stock traded down $0.01 on Monday, hitting $7.08. 2,080,028 shares of the company traded hands, compared to its average volume of 4,265,451. The stock's 50 day moving average price is $9.65 and its 200-day moving average price is $11.27. The company has a current ratio of 0.29, a quick ratio of 0.23 and a debt-to-equity ratio of 0.49. Portillo's Inc. has a 52 week low of $6.88 and a 52 week high of $15.78. The company has a market cap of $533.48 million, a PE ratio of 15.73, a PEG ratio of 4.89 and a beta of 1.79.

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

Insider Activity

In other news, General Counsel Kelly M. Kaiser purchased 27,000 shares of the business's stock in a transaction on Thursday, August 7th. The shares were acquired at an average cost of $7.68 per share, with a total value of $207,360.00. Following the completion of the acquisition, the general counsel owned 68,495 shares of the company's stock, valued at $526,041.60. This trade represents a 65.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michelle Greig Hook purchased 40,000 shares of the business's stock in a transaction on Thursday, August 7th. The stock was purchased at an average cost of $7.67 per share, for a total transaction of $306,800.00. Following the completion of the acquisition, the chief financial officer directly owned 173,405 shares of the company's stock, valued at approximately $1,330,016.35. The trade was a 29.98% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 210,570 shares of company stock valued at $1,614,474 over the last three months. Company insiders own 6.14% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Piper Sandler decreased their target price on shares of Portillo's from $17.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Bank of America cut their price target on Portillo's from $19.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, July 18th. Wall Street Zen downgraded shares of Portillo's from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. UBS Group lowered their price target 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. Finally, Robert W. Baird set a $8.00 price target on shares of Portillo's in a report on Tuesday, August 5th. Five equities 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.50.

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.