Principal Financial Group Inc. grew its stake in Portillo's Inc. (NASDAQ:PTLO - Free Report) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,788,113 shares of the company's stock after acquiring an additional 175,999 shares during the quarter. Principal Financial Group Inc. owned about 2.41% of Portillo's worth $24,086,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Engaged Capital LLC grew its holdings in Portillo's by 121.5% during the 3rd quarter. Engaged Capital LLC now owns 6,114,956 shares of the company's stock valued at $82,368,000 after purchasing an additional 3,354,513 shares in the last quarter. Hodges Capital Management Inc. purchased a new position in Portillo's in the 3rd quarter valued at about $12,337,000. Squarepoint Ops LLC grew its stake in shares of Portillo's by 307.9% during the second quarter. Squarepoint Ops LLC now owns 522,580 shares of the company's stock valued at $5,079,000 after acquiring an additional 394,479 shares in the last quarter. Millennium Management LLC increased its position in shares of Portillo's by 499.4% during the second quarter. Millennium Management LLC now owns 392,167 shares of the company's stock worth $3,812,000 after acquiring an additional 326,743 shares during the last quarter. Finally, Emerald Advisers LLC lifted its stake in shares of Portillo's by 29.4% in the third quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company's stock worth $17,137,000 after acquiring an additional 288,675 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. UBS Group lifted their price target on Portillo's from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Stephens reiterated an "equal weight" rating and issued a $13.00 target price on shares of Portillo's in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus lowered Portillo's from a "buy" rating to a "hold" rating and set a $13.00 price target on the stock. in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $14.00.
Read Our Latest Report on PTLO
Portillo's Stock Performance
Shares of Portillo's stock traded down $0.03 on Thursday, reaching $9.01. 990,661 shares of the company were exchanged, compared to its average volume of 1,095,727. The firm has a market cap of $668.74 million, a price-to-earnings ratio of 21.45, a P/E/G ratio of 10.96 and a beta of 1.68. Portillo's Inc. has a 1-year low of $8.38 and a 1-year high of $16.75. 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's 50-day moving average is $11.30 and its two-hundred day moving average is $11.20.
Portillo's (NASDAQ:PTLO - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The firm had revenue of $178.25 million for the quarter, compared to analyst estimates of $182.07 million. During the same period last year, the company earned $0.07 earnings per share. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, research analysts expect that Portillo's Inc. will post 0.3 earnings per share for the current fiscal year.
About Portillo's
(
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.
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