Wolff Wiese Magana LLC Sells 25,475 Shares of Portillo's Inc. (NASDAQ:PTLO)

Wolff Wiese Magana LLC decreased its stake in Portillo's Inc. (NASDAQ:PTLO - Free Report) by 79.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,732 shares of the company's stock after selling 25,475 shares during the period. Wolff Wiese Magana LLC's holdings in Portillo's were worth $63,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Point72 DIFC Ltd purchased a new position in Portillo's in the second quarter worth $29,000. NBC Securities Inc. boosted its holdings 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 worth $44,000 after purchasing an additional 1,000 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of Portillo's during the 4th quarter valued at about $47,000. nVerses Capital LLC purchased a new position in shares of Portillo's during the 3rd quarter valued at about $69,000. Finally, Intech Investment Management LLC bought a new stake in Portillo's in the 3rd quarter worth approximately $181,000. Hedge funds and other institutional investors own 98.34% of the company's stock.

Portillo's Trading Up 3.4 %

Shares of PTLO stock traded up $0.39 during trading hours on Wednesday, reaching $12.02. The company's stock had a trading volume of 2,270,000 shares, compared to its average volume of 2,011,444. 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 one year low of $8.38 and a one year high of $16.17. The stock has a market capitalization of $892.15 million, a P/E ratio of 28.62, a P/E/G ratio of 10.96 and a beta of 1.72. The firm's fifty day simple moving average is $10.36 and its 200 day simple moving average is $11.17.

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 analysts' consensus estimates of $0.06 by $0.05. The company had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The firm's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 earnings per share. Equities research analysts expect that Portillo's Inc. will post 0.3 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on PTLO. Stifel Nicolaus cut 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 cut their price objective on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Finally, 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $13.57.

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.