Raymond James Financial Inc. Invests $1.33 Million in Portillo's Inc. (NASDAQ:PTLO)

Raymond James Financial Inc. bought a new position in Portillo's Inc. (NASDAQ:PTLO - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 141,550 shares of the company's stock, valued at approximately $1,331,000. Raymond James Financial Inc. owned about 0.19% of Portillo's as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. First Dallas Securities Inc. lifted its holdings in shares of Portillo's by 94.4% during the fourth quarter. First Dallas Securities Inc. now owns 43,250 shares of the company's stock worth $407,000 after purchasing an additional 21,000 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Portillo's by 229.0% in the 4th quarter. Fifth Third Bancorp now owns 43,100 shares of the company's stock valued at $405,000 after purchasing an additional 30,000 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Portillo's by 10.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company's stock valued at $24,086,000 after purchasing an additional 175,999 shares in the last quarter. CenterStar Asset Management LLC increased its holdings in Portillo's by 348.4% during the 4th quarter. CenterStar Asset Management LLC now owns 60,529 shares of the company's stock valued at $568,000 after acquiring an additional 47,029 shares in the last quarter. Finally, First Eagle Investment Management LLC acquired a new stake in shares of Portillo's during the fourth quarter worth $2,577,000. Institutional investors own 98.34% of the company's stock.

Portillo's Trading Down 2.0 %

NASDAQ:PTLO traded down $0.23 on Friday, hitting $11.19. The stock had a trading volume of 319,083 shares, compared to its average volume of 1,397,024. The stock has a market cap of $834.81 million, a price-to-earnings ratio of 26.64, a PEG ratio of 14.77 and a beta of 1.83. 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 company has a fifty day moving average price of $11.84 and a two-hundred day moving average price of $11.89. Portillo's Inc. has a 1-year low of $8.38 and a 1-year high of $15.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $180.76 million. During the same quarter in the prior year, the firm earned $0.08 EPS. Portillo's's quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts expect that Portillo's Inc. will post 0.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports 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. Stifel Nicolaus raised their target price on Portillo's from $16.00 to $17.00 and gave the company a "buy" rating in a report on Friday, February 28th. Baird R W downgraded Portillo's from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Morgan Stanley set a $12.00 target price on Portillo's in a report on Monday, April 14th. Finally, Stephens reissued an "equal weight" rating and issued a $13.00 price objective on shares of Portillo's in a report on Wednesday. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.