Woodline Partners LP Purchases 198,830 Shares of Portillo's Inc. (NASDAQ:PTLO)

Woodline Partners LP raised its stake in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) by 109.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 379,672 shares of the company's stock after purchasing an additional 198,830 shares during the quarter. Woodline Partners LP owned 0.51% of Portillo's worth $3,569,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Two Sigma Advisers LP acquired a new stake in shares of Portillo's during the 4th quarter valued at about $152,000. Two Sigma Investments LP acquired a new stake in shares of Portillo's during the 4th quarter valued at about $1,827,000. Select Equity Group L.P. boosted its position in shares of Portillo's by 19.4% during the 4th quarter. Select Equity Group L.P. now owns 138,150 shares of the company's stock valued at $1,299,000 after acquiring an additional 22,459 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in shares of Portillo's during the 4th quarter valued at about $404,000. Finally, ProShare Advisors LLC boosted its position in shares of Portillo's by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 15,213 shares of the company's stock valued at $143,000 after acquiring an additional 5,006 shares in the last quarter. Institutional investors own 98.34% of the company's stock.

Insider Buying and Selling

In related news, Director Berkshire Partners Llc sold 10,000,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were 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 Securities & Exchange Commission, which can be accessed through the SEC website. 6.57% of the stock is currently owned by insiders.

Portillo's Trading Up 0.8%

Shares of PTLO traded up $0.09 on Friday, reaching $12.00. 495,008 shares of the company's stock were exchanged, compared to its average volume of 1,434,388. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $895.31 million, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 14.77 and a beta of 1.83. The business has a 50 day moving average price of $11.53 and a two-hundred day moving average price of $11.80. Portillo's Inc. has a 12 month low of $8.38 and a 12 month high of $15.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. The business had revenue of $176.44 million during the quarter, compared to the consensus estimate of $180.76 million. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. Portillo's's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 earnings per share. Research analysts anticipate that Portillo's Inc. will post 0.35 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on PTLO shares. Piper Sandler reduced their price target on shares of Portillo's from $17.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. UBS Group reduced their target price on shares of Portillo's from $15.00 to $12.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Stephens reiterated an "equal weight" rating and set a $13.00 target price on shares of Portillo's in a research report on Wednesday, May 7th. Baird R W lowered shares of Portillo's from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Finally, Morgan Stanley set a $12.00 target price on shares of Portillo's in a research report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $13.71.

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.