Blair William & Co. IL Lowers Stock Position in Portillo's Inc. (NASDAQ:PTLO)

Blair William & Co. IL decreased its position in Portillo's Inc. (NASDAQ:PTLO - Free Report) by 26.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,220,048 shares of the company's stock after selling 442,782 shares during the quarter. Blair William & Co. IL owned 1.64% of Portillo's worth $11,468,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in shares of Portillo's in the 3rd quarter valued at $181,000. Charles Schwab Investment Management Inc. lifted its holdings in Portillo's by 6.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 458,417 shares of the company's stock worth $6,175,000 after buying an additional 26,588 shares during the last quarter. Engaged Capital LLC increased its holdings in shares of Portillo's by 121.5% in the 3rd quarter. Engaged Capital LLC now owns 6,114,956 shares of the company's stock valued at $82,368,000 after acquiring an additional 3,354,513 shares during the last quarter. State Street Corp lifted its stake in Portillo's by 1.6% during the third quarter. State Street Corp now owns 1,085,786 shares of the company's stock worth $14,626,000 after purchasing an additional 17,306 shares during the last quarter. Finally, Hodges Capital Management Inc. acquired a new position in Portillo's in the third quarter valued at approximately $12,337,000. Hedge funds and other institutional investors own 98.34% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group cut their price objective on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Stephens lifted their price target on shares of Portillo's from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Morgan Stanley decreased their price objective on shares of Portillo's from $15.00 to $13.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus lifted their target price on Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Portillo's has a consensus rating of "Moderate Buy" and a consensus price target of $14.29.

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Portillo's Stock Performance

Shares of PTLO traded up $0.26 during mid-day trading on Wednesday, hitting $12.41. 446,271 shares of the company's stock were exchanged, compared to its average volume of 1,309,981. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. Portillo's Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $15.78. The business's 50 day moving average is $13.62 and its two-hundred day moving average is $12.22. The firm has a market capitalization of $925.45 million, a P/E ratio of 29.54, a P/E/G ratio of 14.77 and a beta of 1.80.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its quarterly earnings data 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 last year, the firm earned $0.13 EPS. The firm's revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities analysts expect that Portillo's Inc. will post 0.35 earnings per share for the current year.

About Portillo's

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.