Rice Hall James & Associates LLC lifted its holdings in Portillo's Inc. (NASDAQ:PTLO - Free Report) by 51.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,945 shares of the company's stock after buying an additional 70,409 shares during the period. Rice Hall James & Associates LLC owned approximately 0.28% of Portillo's worth $2,801,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Portillo's by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 5,402,242 shares of the company's stock worth $76,604,000 after acquiring an additional 700,583 shares during the last quarter. Engaged Capital LLC raised its stake in Portillo's by 38.7% during the second quarter. Engaged Capital LLC now owns 2,760,443 shares of the company's stock worth $26,832,000 after purchasing an additional 770,443 shares during the period. Principal Financial Group Inc. raised its stake in Portillo's by 2.5% during the second quarter. Principal Financial Group Inc. now owns 1,612,114 shares of the company's stock worth $15,670,000 after purchasing an additional 39,466 shares during the period. Emerald Advisers LLC boosted its holdings in Portillo's by 4.4% in the 2nd quarter. Emerald Advisers LLC now owns 983,539 shares of the company's stock valued at $9,560,000 after purchasing an additional 41,078 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its stake in shares of Portillo's by 2.6% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 804,644 shares of the company's stock valued at $7,821,000 after buying an additional 20,195 shares during the period. 98.34% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Stifel Nicolaus decreased their price objective on Portillo's from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, July 12th. Stephens downgraded Portillo's from an "overweight" rating to an "equal weight" rating and set a $13.00 price objective for the company. in a research report on Monday, October 7th. Bank of America reduced their price objective on shares of Portillo's from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, July 17th. Finally, Morgan Stanley lowered their target price 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, July 16th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $13.86.
Check Out Our Latest Research Report on Portillo's
Portillo's Trading Up 7.3 %
Portillo's stock traded up $0.95 during midday trading on Friday, reaching $13.88. 1,478,837 shares of the stock traded hands, compared to its average volume of 763,343. The firm has a market cap of $1.01 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 16.81 and a beta of 1.78. The company has a current ratio of 0.38, a quick ratio of 0.30 and a debt-to-equity ratio of 0.60. The company has a 50-day simple moving average of $12.68 and a two-hundred day simple moving average of $11.23. Portillo's Inc. has a 12-month low of $8.66 and a 12-month high of $16.98.
Portillo's (NASDAQ:PTLO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Portillo's had a net margin of 3.30% and a return on equity of 5.08%. The business had revenue of $181.86 million during the quarter, compared to analysts' expectations of $184.44 million. During the same period in the previous year, the business posted $0.12 EPS. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. Research analysts expect that Portillo's Inc. will post 0.27 earnings per share for the current fiscal year.
Portillo's Company Profile
(
Free Report)
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.
See Also
Before you consider Portillo's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Portillo's wasn't on the list.
While Portillo's currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for December 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
