HighPoint Advisor Group LLC Takes Position in Portillo’s Inc. (NASDAQ:PTLO)

HighPoint Advisor Group LLC acquired a new stake in Portillo’s Inc. (NASDAQ:PTLO) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 28,201 shares of the company’s stock, valued at approximately $449,000.

Several other large investors also recently modified their holdings of PTLO. Swiss National Bank grew its stake in shares of Portillo’s by 2.4% in the 3rd quarter. Swiss National Bank now owns 102,700 shares of the company’s stock valued at $1,581,000 after purchasing an additional 2,400 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Portillo’s by 17.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 362,394 shares of the company’s stock valued at $5,577,000 after purchasing an additional 54,093 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Portillo’s during the 3rd quarter worth approximately $49,000. Kestra Advisory Services LLC acquired a new stake in Portillo’s during the 3rd quarter valued at $165,000. Finally, Dark Forest Capital Management LP acquired a new stake in Portillo’s during the 3rd quarter valued at $1,032,000. 98.34% of the stock is currently owned by institutional investors.

Portillo’s Stock Down 2.0 %

NASDAQ PTLO opened at $9.96 on Thursday. The stock has a fifty day moving average of $10.92 and a 200-day moving average of $13.16. The stock has a market capitalization of $726.78 million, a P/E ratio of 24.90, a price-to-earnings-growth ratio of 5.25 and a beta of 1.75. Portillo’s Inc. has a 52 week low of $9.55 and a 52 week high of $23.99. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.29 and a current ratio of 0.36.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, May 7th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. Portillo’s had a return on equity of 5.23% and a net margin of 3.41%. The company had revenue of $165.83 million during the quarter, compared to analysts’ expectations of $174.90 million. During the same period last year, the firm earned $0.05 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that Portillo’s Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

PTLO has been the subject of a number of recent analyst reports. Piper Sandler dropped their price target on Portillo’s from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Robert W. Baird dropped their price target on Portillo’s from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Stephens reaffirmed an “overweight” rating and set a $20.00 price target on shares of Portillo’s in a report on Tuesday, May 7th. UBS Group dropped their price target on Portillo’s from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Finally, Morgan Stanley dropped their price target on Portillo’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Portillo’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

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.