Portillo's Inc. (NASDAQ:PTLO) Shares Acquired by Woodline Partners LP

Woodline Partners LP increased its holdings in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) by 109.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 379,672 shares of the company's stock after acquiring an additional 198,830 shares during the quarter. Woodline Partners LP owned about 0.51% of Portillo's worth $3,569,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Portillo's in the 4th quarter worth approximately $395,000. Fifth Third Bancorp lifted its position in Portillo's by 229.0% during the fourth quarter. Fifth Third Bancorp now owns 43,100 shares of the company's stock worth $405,000 after buying an additional 30,000 shares in the last quarter. Sonora Investment Management Group LLC acquired a new position in Portillo's during the fourth quarter worth $98,000. Total Clarity Wealth Management Inc. acquired a new position in Portillo's during the fourth quarter worth $165,000. Finally, Chicago Partners Investment Group LLC purchased a new stake in Portillo's in the 4th quarter valued at $2,590,000. Hedge funds and other institutional investors own 98.34% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Robert W. Baird reissued a "neutral" rating and set a $12.00 price target (down previously from $15.00) on shares of Portillo's in a research report on Monday, April 7th. Piper Sandler decreased their target price on shares of Portillo's from $17.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Baird R W downgraded shares of Portillo's from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Stifel Nicolaus lifted their price target on shares of Portillo's from $16.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, Morgan Stanley set a $12.00 target price on Portillo's in a research note on Monday, April 14th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $13.71.

Portillo's Trading Down 0.0%

NASDAQ PTLO traded down $0.01 on Thursday, reaching $11.94. The stock had a trading volume of 815,530 shares, compared to its average volume of 1,435,252. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average price of $11.55 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. The firm has a market capitalization of $890.39 million, a price-to-earnings ratio of 28.44, a P/E/G ratio of 14.77 and a beta of 1.83.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted 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. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The firm had revenue of $176.44 million for the quarter, compared to the consensus estimate of $180.76 million. During the same quarter in the previous year, the business earned $0.08 EPS. The company's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Portillo's Inc. will post 0.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other Portillo's news, Director Berkshire Partners Llc sold 10,000,000 shares of the firm'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 value of $122,300,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.57% of the company's stock.

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.