Yarbrough Capital LLC bought a new stake in Portillo's Inc. (NASDAQ:PTLO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,719 shares of the company's stock, valued at approximately $318,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Stoneridge Investment Partners LLC lifted its stake in Portillo's by 23.5% in the fourth quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company's stock worth $118,000 after purchasing an additional 2,396 shares during the last quarter. Savant Capital LLC bought a new stake in Portillo's in the fourth quarter worth $96,000. Rhumbline Advisers lifted its stake in Portillo's by 3.5% in the fourth quarter. Rhumbline Advisers now owns 80,861 shares of the company's stock worth $760,000 after purchasing an additional 2,741 shares during the last quarter. Olympiad Research LP bought a new stake in Portillo's in the fourth quarter worth $191,000. Finally, Bank of New York Mellon Corp lifted its stake in Portillo's by 5.9% in the fourth quarter. Bank of New York Mellon Corp now owns 185,025 shares of the company's stock worth $1,739,000 after purchasing an additional 10,233 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.
Insider Buying and Selling at Portillo's
In other Portillo's news, Director Berkshire Partners Llc sold 10,000,000 shares of the stock in a transaction dated 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 is accessible through the SEC website. Insiders own 6.14% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on PTLO shares. Piper Sandler decreased their price target on Portillo's from $17.00 to $13.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Robert W. Baird reaffirmed a "neutral" rating and set a $12.00 price objective (down from $15.00) on shares of Portillo's in a research note on Monday, April 7th. William Blair reaffirmed an "outperform" rating on shares of Portillo's in a research note on Friday, May 30th. UBS Group lowered their price objective 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, Morgan Stanley set a $12.00 target price on Portillo's in a research note on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Portillo's presently has an average rating of "Hold" and a consensus price target of $13.71.
Check Out Our Latest Stock Analysis on Portillo's
Portillo's Stock Up 1.4%
NASDAQ PTLO traded up $0.16 during mid-day trading on Wednesday, reaching $11.74. The stock had a trading volume of 1,670,172 shares, compared to its average volume of 1,852,449. Portillo's Inc. has a 1 year low of $8.38 and a 1 year high of $15.78. The company has a fifty day moving average price of $11.49 and a 200 day moving average price of $11.84. The stock has a market cap of $878.33 million, a PE ratio of 27.95, a price-to-earnings-growth ratio of 14.77 and a beta of 1.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31.
Portillo's (NASDAQ:PTLO - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, topping 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 company had revenue of $176.44 million during the quarter, compared to the consensus estimate of $180.76 million. During the same period last year, the company earned $0.08 EPS. Portillo's's revenue for the quarter was up 6.4% on a year-over-year basis. On average, research analysts expect that Portillo's Inc. will post 0.35 earnings per share for the current year.
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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