SG Americas Securities LLC Invests $395,000 in Portillo's Inc. (NASDAQ:PTLO)

SG Americas Securities LLC purchased a new position in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,050 shares of the company's stock, valued at approximately $395,000. SG Americas Securities LLC owned about 0.06% of Portillo's as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of Portillo's by 10.9% during the 3rd 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 during the last quarter. Engaged Capital LLC increased its stake in Portillo's by 121.5% during the third quarter. Engaged Capital LLC now owns 6,114,956 shares of the company's stock worth $82,368,000 after acquiring an additional 3,354,513 shares during the last quarter. Barclays PLC raised its holdings in shares of Portillo's by 55.6% in the 3rd quarter. Barclays PLC now owns 117,430 shares of the company's stock worth $1,581,000 after purchasing an additional 41,944 shares during the period. Hodges Capital Management Inc. acquired a new position in shares of Portillo's in the 3rd quarter valued at about $12,337,000. Finally, Rice Hall James & Associates LLC grew its holdings in shares of Portillo's by 51.2% during the 3rd quarter. Rice Hall James & Associates LLC now owns 207,945 shares of the company's stock worth $2,801,000 after purchasing an additional 70,409 shares during the period. Hedge funds and other institutional investors own 98.34% of the company's stock.

Portillo's Stock Down 0.8 %

PTLO traded down $0.11 during trading hours on Friday, reaching $14.50. 1,388,514 shares of the stock traded hands, compared to its average volume of 1,796,120. Portillo's Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $16.17. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 14.26 and a beta of 1.81. 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's fifty day simple moving average is $10.88 and its two-hundred day simple moving average is $11.58.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.05. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The business had revenue of $178.25 million for the quarter, compared to analyst estimates of $182.07 million. During the same period in the previous year, the company earned $0.07 earnings per share. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts forecast that Portillo's Inc. will post 0.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PTLO has been the topic of a number of recent research reports. UBS Group reduced their price target on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Stephens restated an "equal weight" rating and set a $13.00 target price on shares of Portillo's in a report on Wednesday, November 6th. Stifel Nicolaus upgraded Portillo's from a "hold" rating to a "buy" rating and increased their price target for the company from $13.00 to $16.00 in a report on Monday, January 27th. Finally, Morgan Stanley cut their price objective on Portillo's from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.

About Portillo's

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.