5,100 Shares in Portillo’s Inc. (NASDAQ:PTLO) Bought by nVerses Capital LLC

nVerses Capital LLC acquired a new stake in Portillo’s Inc. (NASDAQ:PTLO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,100 shares of the company’s stock, valued at approximately $69,000.

Other institutional investors also recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new stake in shares of Portillo’s in the second quarter valued at about $29,000. NBC Securities Inc. boosted its holdings in Portillo’s by 43.5% in the 3rd 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 in the last quarter. AdvisorShares Investments LLC acquired a new position in Portillo’s during the 2nd quarter worth approximately $52,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Portillo’s by 241.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,812 shares of the company’s stock worth $54,000 after buying an additional 2,694 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Portillo’s by 283.0% in the 2nd quarter. Fifth Third Bancorp now owns 13,100 shares of the company’s stock valued at $127,000 after buying an additional 9,680 shares during the period. 98.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Stifel Nicolaus dropped their price objective on Portillo’s from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Bank of America cut their price target on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Morgan Stanley decreased their price objective on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. Finally, Stephens cut shares of Portillo’s from an “overweight” rating to an “equal weight” rating and set a $13.00 target price for the company. in a report on Monday, October 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.86.

Portillo’s Stock Performance

Shares of PTLO opened at $12.57 on Tuesday. The company has a 50-day moving average of $12.48 and a two-hundred day moving average of $11.21. The stock has a market cap of $917.30 million, a P/E ratio of 31.43, a PEG ratio of 15.48 and a beta of 1.78. Portillo’s Inc. has a 12-month low of $8.66 and a 12-month high of $16.98. The company has a current ratio of 0.38, a quick ratio of 0.30 and a debt-to-equity ratio of 0.60.

Portillo’s (NASDAQ:PTLO) last posted its earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $181.86 million during the quarter, compared to analysts’ expectations of $184.44 million. Portillo’s had a net margin of 3.30% and a return on equity of 5.08%. Portillo’s’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 EPS. As a group, research analysts predict that Portillo’s Inc. will post 0.28 EPS for the current fiscal year.

Portillo’s 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.