Russell Investments Group Ltd. Takes $455,000 Position in Portillo's Inc. $PTLO

Key Points

• Russell Investments Group Ltd. invested approximately $455,000 in Portillo's Inc. by acquiring 38,238 shares, representing a 0.05% ownership stake as of its latest SEC filing.
• Other institutional investors have also increased their positions, with Invesco Ltd. raising its holdings by 196.6% to a total of 173,928 shares valued at around $2.07 million.
• Portillo's reported earnings of $0.12 per share for the last quarter, matching analysts' expectations, but its revenue fell short, totaling $188.46 million against an anticipated $197.04 million.

Russell Investments Group Ltd. acquired a new stake in Portillo's Inc. (NASDAQ:PTLO - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 38,238 shares of the company's stock, valued at approximately $455,000. Russell Investments Group Ltd. owned 0.05% of Portillo's as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of Portillo's in the 1st quarter valued at about $176,000. Invesco Ltd. boosted its holdings in shares of Portillo's by 196.6% in the first quarter. Invesco Ltd. now owns 173,928 shares of the company's stock valued at $2,068,000 after acquiring an additional 115,278 shares during the period. Swiss National Bank boosted its holdings in shares of Portillo's by 6.1% in the first quarter. Swiss National Bank now owns 103,200 shares of the company's stock valued at $1,227,000 after acquiring an additional 5,900 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in shares of Portillo's in the first quarter valued at approximately $235,000. Finally, Blair William & Co. IL boosted its holdings in shares of Portillo's by 32.2% in the first quarter. Blair William & Co. IL now owns 1,613,012 shares of the company's stock valued at $19,179,000 after acquiring an additional 392,964 shares during the period. Hedge funds and other institutional investors own 98.34% of the company's stock.

Portillo's Trading Down 0.1%

NASDAQ:PTLO opened at $7.08 on Monday. The stock has a fifty day moving average price of $9.73 and a two-hundred day moving average price of $11.32. The stock has a market capitalization of $533.48 million, a price-to-earnings ratio of 15.73, a PEG ratio of 4.89 and a beta of 1.79. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.23 and a current ratio of 0.29. Portillo's Inc. has a 1 year low of $6.88 and a 1 year high of $15.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $188.46 million during 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%.Portillo's's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 earnings per share. Portillo's has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Portillo's Inc. will post 0.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PTLO. Wall Street Zen downgraded Portillo's from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. William Blair reissued an "outperform" rating on shares of Portillo's in a report on Friday, May 30th. Morgan Stanley decreased their price objective on Portillo's from $12.00 to $10.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Stephens decreased their price objective on Portillo's from $13.00 to $10.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. Finally, Piper Sandler cut their price target on Portillo's from $17.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $12.50.

Insider Transactions at Portillo's

In other news, General Counsel Kelly M. Kaiser bought 27,000 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 $207,360.00. Following the completion of the acquisition, the general counsel owned 68,495 shares of the company's stock, valued at approximately $526,041.60. This trade represents a 65.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Osanloo bought 11,320 shares of the stock in a transaction on Friday, August 8th. The stock was purchased at an average cost of $7.42 per share, for a total transaction of $83,994.40. Following the acquisition, the chief executive officer directly owned 63,317 shares of the company's stock, valued at $469,812.14. The trade was a 21.77% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 210,570 shares of company stock worth $1,614,474 over the last ninety days. 6.14% of the stock is currently owned by company insiders.

About Portillo's

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.

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