Principal Financial Group Inc. boosted 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 and Exchange Commission (SEC). The firm owned 1,788,113 shares of the company's stock after buying an additional 175,999 shares during the period. Principal Financial Group Inc. owned 2.45% of Portillo's worth $24,086,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new stake in shares of Portillo's in the 2nd quarter worth about $29,000. NBC Securities Inc. increased its stake in shares of Portillo's by 43.5% in the third quarter. NBC Securities Inc. now owns 3,300 shares of the company's stock valued at $44,000 after purchasing an additional 1,000 shares during the period. AdvisorShares Investments LLC acquired a new position in shares of Portillo's during the second quarter valued at $52,000. nVerses Capital LLC acquired a new position in shares of Portillo's during the third quarter valued at $69,000. Finally, Fifth Third Bancorp raised its stake in shares of Portillo's by 283.0% during the second quarter. Fifth Third Bancorp now owns 13,100 shares of the company's stock valued at $127,000 after purchasing an additional 9,680 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.
Portillo's Stock Down 4.5 %
Portillo's stock traded down $0.54 during trading hours on Thursday, hitting $11.54. The company had a trading volume of 1,401,431 shares, compared to its average volume of 1,051,160. Portillo's Inc. has a fifty-two week low of $8.66 and a fifty-two week high of $16.92. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. The firm has a market capitalization of $842.07 million, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 14.38 and a beta of 1.78. The firm's fifty day moving average is $12.76 and its 200-day moving average is $11.26.
Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $182.07 million. During the same quarter in the prior year, the business posted $0.07 EPS. Portillo's's quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts forecast that Portillo's Inc. will post 0.29 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages recently issued reports on PTLO. Bank of America decreased their target price on shares of Portillo's from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, July 17th. Stifel Nicolaus lowered shares of 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. UBS Group boosted their price objective on Portillo's from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $13.00 price objective on shares of Portillo's in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $14.00.
Get Our Latest Analysis on Portillo's
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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