Millrace Asset Group Inc. Has $622,000 Stock Holdings in Portillo's Inc. (NASDAQ:PTLO)

Millrace Asset Group Inc. decreased its holdings in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) by 50.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 46,170 shares of the company's stock after selling 47,211 shares during the period. Millrace Asset Group Inc. owned approximately 0.06% of Portillo's worth $622,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PTLO. Wolff Wiese Magana LLC increased its holdings in Portillo's by 2.5% in the third quarter. Wolff Wiese Magana LLC now owns 32,207 shares of the company's stock valued at $434,000 after purchasing an additional 781 shares during the last quarter. Ascent Group LLC increased its stake in shares of Portillo's by 8.3% in the 1st quarter. Ascent Group LLC now owns 13,100 shares of the company's stock valued at $186,000 after acquiring an additional 1,000 shares during the last quarter. NBC Securities Inc. increased its stake in shares of Portillo's by 43.5% in the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company's stock valued at $44,000 after acquiring an additional 1,000 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its position in shares of Portillo's by 7.4% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 22,592 shares of the company's stock valued at $220,000 after acquiring an additional 1,555 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Portillo's by 17.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,963 shares of the company's stock worth $184,000 after acquiring an additional 1,917 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company's stock.

Portillo's Stock Down 0.5 %

Shares of PTLO stock traded down $0.06 on Tuesday, hitting $11.24. 988,001 shares of the stock were exchanged, compared to its average volume of 1,059,647. The firm has a market capitalization of $834.23 million, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 12.85 and a beta of 1.78. The business has a 50-day moving average of $12.56 and a 200 day moving average of $11.23. 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 $8.66 and a fifty-two week high of $16.92.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. The company had revenue of $178.25 million for the quarter, compared to the consensus estimate of $182.07 million. During the same period last year, the company earned $0.07 earnings per share. The firm's revenue was up 6.9% compared to the same quarter last year. Equities analysts anticipate that Portillo's Inc. will post 0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PTLO shares. UBS Group increased their target price on shares of Portillo's from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Stifel Nicolaus downgraded Portillo's from a "buy" rating to a "hold" rating and set a $13.00 price objective on the stock. in a research note on Wednesday, November 6th. Finally, Stephens reiterated an "equal weight" rating and set a $13.00 target price on shares of Portillo's in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $14.00.

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.