Portillo's Inc. (NASDAQ:PTLO) CEO Michael Osanloo Acquires 2,000 Shares

Key Points

• Michael Osanloo, the CEO of Portillo's Inc., acquired 2,000 shares at an average cost of $8.00 each, increasing his total holdings to 65,317 shares valued around $522,536.
• Portillo's reported earnings of $0.12 per share for the last quarter, meeting analyst expectations, although revenue fell short of forecasts at $188.46 million.
• Analysts have recently adjusted their price targets for Portillo's shares, with Stephens lowering its target from $13.00 to $10.00, indicating mixed future projections for the stock.

Portillo's Inc. (NASDAQ:PTLO - Get Free Report) CEO Michael Osanloo purchased 2,000 shares of the business's stock in a transaction on Monday, August 11th. The stock was bought at an average cost of $8.00 per share, for a total transaction of $16,000.00. Following the purchase, the chief executive officer owned 65,317 shares of the company's stock, valued at approximately $522,536. This represents a 3.16% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Michael Osanloo also recently made the following trade(s):

• On Friday, August 8th, Michael Osanloo acquired 11,320 shares of Portillo's stock. The stock was acquired at an average price of $7.42 per share, for a total transaction of $83,994.40.

Portillo's Price Performance

Portillo's stock traded up $0.43 during trading hours on Monday, reaching $7.85. 3,827,504 shares of the stock were exchanged, compared to its average volume of 2,086,302. The company has a market cap of $587.30 million, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 5.12 and a beta of 1.81. The company has a current ratio of 0.29, a quick ratio of 0.23 and a debt-to-equity ratio of 0.49. Portillo's Inc. has a twelve month low of $7.20 and a twelve month high of $15.78. The stock has a 50 day moving average of $10.93 and a two-hundred day moving average of $12.02.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. The firm had revenue of $188.46 million during the quarter, compared to analysts' expectations of $197.04 million. Portillo's had a net margin of 4.19% and a return on equity of 6.25%. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share. Equities analysts expect that Portillo's Inc. will post 0.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PTLO shares. Stephens lowered their price objective on shares of Portillo's from $13.00 to $10.00 and set an "equal weight" rating on the stock in a report on Friday. William Blair restated an "outperform" rating on shares of Portillo's in a report on Friday, May 30th. Morgan Stanley decreased their price objective on shares of Portillo's from $12.00 to $10.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Piper Sandler decreased 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 note on Wednesday, May 7th. Finally, Wall Street Zen cut shares of Portillo's from a "hold" rating to a "sell" rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $12.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Portillo's in the second quarter worth about $1,023,000. Cetera Investment Advisers bought a new position in Portillo's in the 2nd quarter valued at approximately $145,000. Police & Firemen s Retirement System of New Jersey raised its holdings in Portillo's by 18.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,003 shares of the company's stock valued at $152,000 after buying an additional 2,051 shares during the last quarter. Bailard Inc. bought a new position in Portillo's in the 2nd quarter valued at approximately $193,000. Finally, Geode Capital Management LLC raised its holdings in Portillo's by 3.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,400,892 shares of the company's stock valued at $16,350,000 after buying an additional 52,875 shares during the last quarter. Institutional investors own 98.34% of the company's stock.

Portillo's Company 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.

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