Woodline Partners LP Grows Position in Portillo's Inc. $PTLO

Key Points

• Woodline Partners LP increased its holdings in Portillo's Inc. by 98.2%, now owning approximately $8.95 million in shares.
• Multiple institutional investors, including CWM LLC, North Star Investment Management, and GAMMA Investing LLC, have also significantly raised their positions in Portillo's during the same quarter.
• Despite a revenue increase of 3.6% year-over-year, Portillo's reported earnings per share of $0.12, matching consensus estimates but falling short of revenue targets.

Woodline Partners LP raised its stake in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) by 98.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 752,473 shares of the company's stock after acquiring an additional 372,801 shares during the period. Woodline Partners LP owned approximately 1.01% of Portillo's worth $8,947,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. CWM LLC raised its holdings in shares of Portillo's by 58.3% during the first 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Portillo's by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,742 shares of the company's stock worth $289,000 after purchasing an additional 1,185 shares during the period. Rhumbline Advisers raised its stake in Portillo's by 2.2% during the 1st quarter. Rhumbline Advisers now owns 82,605 shares of the company's stock valued at $982,000 after buying an additional 1,744 shares during the last quarter. North Star Investment Management Corp. raised its stake in Portillo's by 137.6% during the 1st quarter. North Star Investment Management Corp. now owns 3,517 shares of the company's stock valued at $42,000 after buying an additional 2,037 shares during the last quarter. Finally, Miller Financial Services LLC lifted its holdings in shares of Portillo's by 3.6% during the 1st quarter. Miller Financial Services LLC now owns 61,266 shares of the company's stock valued at $728,000 after buying an additional 2,140 shares during the period. Hedge funds and other institutional investors own 98.34% of the company's stock.

Portillo's Stock Performance

Shares of PTLO stock traded down $0.07 during trading hours on Monday, reaching $6.06. 4,323,347 shares of the company traded hands, compared to its average volume of 2,302,037. The firm has a 50-day moving average price of $8.70 and a 200 day moving average price of $10.78. The company has a market cap of $456.62 million, a P/E ratio of 13.47, a P/E/G ratio of 4.69 and a beta of 1.79. 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 12-month low of $6.00 and a 12-month high of $15.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.12 EPS 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 for the quarter, compared to analysts' expectations of $197.04 million. During the same quarter last year, the business earned $0.10 EPS. The firm's revenue was up 3.6% compared to the same quarter last year. Portillo's has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Portillo's Inc. will post 0.35 earnings per share for the current fiscal year.

Insider Activity

In other Portillo's news, CFO Michelle Greig Hook acquired 40,000 shares of the stock in a transaction dated Thursday, August 7th. The shares were acquired at an average cost of $7.67 per share, for a total transaction of $306,800.00. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael Osanloo acquired 11,320 shares of the company's stock in a transaction dated Friday, August 8th. The stock was acquired at an average cost of $7.42 per share, with a total value of $83,994.40. Following the purchase, the chief executive officer owned 63,317 shares of the company's stock, valued at approximately $469,812.14. This trade represents a 21.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 210,570 shares of company stock valued at $1,614,474 over the last 90 days. Company insiders own 6.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PTLO shares. William Blair reaffirmed an "outperform" rating on shares of Portillo's in a report on Friday, May 30th. Guggenheim reduced their price target 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. Wall Street Zen cut shares of Portillo's from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Morgan Stanley cut their target price 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. Finally, UBS Group decreased their price target on shares of Portillo's from $9.00 to $7.50 and set a "neutral" rating on the stock in a research report on Monday. 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.19.

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.