59,126 Shares in Portillo's Inc. (NASDAQ:PTLO) Bought by Miller Financial Services LLC

Miller Financial Services LLC bought a new stake in Portillo's Inc. (NASDAQ:PTLO - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 59,126 shares of the company's stock, valued at approximately $556,000. Miller Financial Services LLC owned approximately 0.08% of Portillo's at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Engaged Capital LLC grew its position in 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 in the last quarter. Principal Financial Group Inc. grew its position in shares of Portillo's by 10.9% during the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company's stock worth $24,086,000 after buying an additional 175,999 shares in the last quarter. Hodges Capital Management Inc. grew its position in shares of Portillo's by 80.5% during the fourth quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company's stock worth $15,537,000 after buying an additional 737,049 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Portillo's by 2.6% during the third quarter. Franklin Resources Inc. now owns 1,291,846 shares of the company's stock worth $15,838,000 after buying an additional 32,810 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Portillo's by 4.0% during the third quarter. Geode Capital Management LLC now owns 1,270,142 shares of the company's stock worth $17,113,000 after buying an additional 49,181 shares in the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

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Portillo's Stock Performance

NASDAQ PTLO traded down $0.15 on Friday, reaching $12.32. The stock had a trading volume of 1,437,148 shares, compared to its average volume of 1,282,977. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. Portillo's Inc. has a 12-month low of $8.38 and a 12-month high of $15.78. The business's 50-day moving average price is $13.17 and its 200 day moving average price is $12.21. The stock has a market cap of $919.11 million, a P/E ratio of 29.33, a price-to-earnings-growth ratio of 14.77 and a beta of 1.80.

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

Analysts Set New Price Targets

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

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.