Yarbrough Capital LLC purchased a new stake in Portillo's Inc. (NASDAQ:PTLO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,719 shares of the company's stock, valued at approximately $318,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. NBC Securities Inc. increased its holdings in shares of Portillo's by 83,963.6% during the first quarter. NBC Securities Inc. now owns 9,247 shares of the company's stock valued at $109,000 after acquiring an additional 9,236 shares in the last quarter. Rhumbline Advisers grew its position in Portillo's by 2.2% in the 1st quarter. Rhumbline Advisers now owns 82,605 shares of the company's stock valued at $982,000 after purchasing an additional 1,744 shares during the period. GAMMA Investing LLC increased its stake in Portillo's by 40,394.4% during the 1st quarter. GAMMA Investing LLC now owns 7,289 shares of the company's stock valued at $87,000 after purchasing an additional 7,271 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Portillo's by 14.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 86,281 shares of the company's stock worth $811,000 after buying an additional 10,723 shares during the last quarter. Finally, Woodline Partners LP lifted its stake in shares of Portillo's by 109.9% in the fourth quarter. Woodline Partners LP now owns 379,672 shares of the company's stock valued at $3,569,000 after buying an additional 198,830 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. Piper Sandler dropped their target price on Portillo's from $17.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Robert W. Baird reissued a "neutral" rating and issued a $12.00 price target (down from $15.00) on shares of Portillo's in a research report on Monday, April 7th. Morgan Stanley set a $12.00 price objective on Portillo's in a research note on Monday, April 14th. UBS Group reduced their target price on shares of Portillo's from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, William Blair reiterated an "outperform" rating on shares of Portillo's in a report on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Portillo's currently has an average rating of "Hold" and an average price target of $13.71.
Get Our Latest Stock Analysis on Portillo's
Portillo's Stock Performance
Portillo's stock traded up $0.21 during mid-day trading on Monday, reaching $11.80. The company's stock had a trading volume of 1,201,001 shares, compared to its average volume of 1,456,322. The firm's fifty day moving average price is $11.48 and its two-hundred day moving average price is $11.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. Portillo's Inc. has a 12-month low of $8.38 and a 12-month high of $15.78. The company has a market capitalization of $882.82 million, a P/E ratio of 28.10, a PEG ratio of 14.77 and a beta of 1.87.
Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $176.44 million during the quarter, compared to analysts' expectations of $180.76 million. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. Sell-side analysts predict that Portillo's Inc. will post 0.35 EPS for the current fiscal year.
Insider Activity
In other news, Director Berkshire Partners Llc sold 10,000,000 shares of the company's stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.14% of the stock is owned by company insiders.
Portillo's Company Profile
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Free Report)
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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