141,550 Shares in Portillo's Inc. (NASDAQ:PTLO) Acquired by Raymond James Financial Inc.

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

Several other hedge funds and other institutional investors also recently modified their holdings of PTLO. Ridgewood Investments LLC purchased a new stake in shares of Portillo's during the fourth quarter worth approximately $47,000. Savant Capital LLC acquired a new position in Portillo's in the 4th quarter valued at $96,000. Sonora Investment Management Group LLC purchased a new position in Portillo's during the 4th quarter worth $98,000. Versor Investments LP acquired a new stake in shares of Portillo's in the 4th quarter worth $118,000. Finally, Stoneridge Investment Partners LLC boosted its holdings in shares of Portillo's by 23.5% in the fourth quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company's stock valued at $118,000 after acquiring an additional 2,396 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Portillo's Price Performance

NASDAQ:PTLO traded down $0.46 during mid-day trading on Monday, hitting $10.82. 296,404 shares of the company's stock traded hands, compared to its average volume of 1,320,613. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The company has a market cap of $806.98 million, a PE ratio of 25.59, a price-to-earnings-growth ratio of 14.77 and a beta of 1.82. The firm's 50 day simple moving average is $13.59 and its 200 day simple moving average is $12.19. Portillo's Inc. has a 1 year low of $8.38 and a 1 year high of $15.78.

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Portillo's (NASDAQ:PTLO - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.15. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The company had revenue of $184.61 million during the quarter, compared to analysts' expectations of $185.16 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The business's revenue for the quarter was down 1.7% compared to the same quarter last year. Sell-side analysts expect that Portillo's Inc. will post 0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Stephens increased their price target on shares of Portillo's from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. 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 report on Monday. UBS Group dropped their price objective on Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Morgan Stanley cut their price target on shares of Portillo's from $15.00 to $13.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Finally, Stifel Nicolaus boosted their price objective on shares of Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $13.86.

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.